Niceville, FL

Above Avg · 114

Florida · Population 16,043 · Updated March 2026

$1,579
Median Rent / Month
$96,611
Median Income
$381,700
Median Home Value
$1,551
Owner Costs / Month

Affordability

How far your income goes in Niceville

19.6%
Rent-to-Income Ratio
Affordable
Rent takes less than 25% of median income — considered affordable by HUD standards.

Tax Burden in Florida

State-level tax rates that affect your costs

0%
Income Tax (Top Rate)
6.0%
Sales Tax
0.86%
Property Tax Rate

Estimated Annual Costs

$18,948
Annual Rent
$0
State Income Tax
$3,283
Property Tax (est.)

Cost of Living Overview

Niceville is more expensive than the national average. Higher housing costs are typically the primary driver. With a cost index of 114 (where 100 equals the national median), Niceville residents can expect to pay median rent of $1,579/month while earning a median household income of $96,611/year.

The median home value in Niceville, FL is $381,700, with typical monthly owner costs around $1,551 including mortgage, insurance, and taxes. The median rent-to-income ratio of 19.6% means housing is relatively affordable here — well below the 30% threshold that HUD considers cost-burdened.

Florida has no state income tax, which can represent significant savings compared to high-tax states. Combined with a 6.0% sales tax rate and 0.86% effective property tax rate, the overall tax environment helps keep costs manageable in Niceville.

Frequently Asked Questions

Common questions about living costs in Niceville

What is the cost of living in Niceville, FL?
The cost of living index in Niceville, FL is 114 (US average = 100). Median monthly rent is $1,579, median household income is $96,611/year, and the median home value is $381,700.
Is Niceville, FL affordable?
No, Niceville is more expensive than the national average with a cost index of 114. The rent-to-income ratio is 19.6%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Niceville, FL?
The median gross rent in Niceville, FL is $1,579 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $18,948.
What is the median household income in Niceville?
The median household income in Niceville, FL is $96,611 per year. This compares to the national median of approximately $80,000.
What are the taxes like in Florida?
Florida has a top income tax rate of 0%, a sales tax of 6.0%, and an effective property tax rate of 0.86%. Notably, there is no state income tax.