Oak Ridge, FL

Average · 90

Florida · Population 24,395 · Updated March 2026

$1,404
Median Rent / Month
$53,389
Median Income
$235,500
Median Home Value
$1,347
Owner Costs / Month

Affordability

How far your income goes in Oak Ridge

31.6%
Rent-to-Income Ratio
Moderate
Rent takes 25-35% of median income — moderate affordability.

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

$16,848
Annual Rent
$0
State Income Tax
$2,025
Property Tax (est.)

Cost of Living Overview

Oak Ridge offers a below-average cost of living, giving residents more purchasing power compared to many US cities. With a cost index of 90 (where 100 equals the national median), Oak Ridge residents can expect to pay median rent of $1,404/month while earning a median household income of $53,389/year.

The median home value in Oak Ridge, FL is $235,500, with typical monthly owner costs around $1,347 including mortgage, insurance, and taxes. At 31.6% rent-to-income ratio, residents of Oak Ridge are spending more than the recommended 30% of income on housing, indicating moderate cost burden.

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 Oak Ridge.

Frequently Asked Questions

Common questions about living costs in Oak Ridge

What is the cost of living in Oak Ridge, FL?
The cost of living index in Oak Ridge, FL is 90 (US average = 100). Median monthly rent is $1,404, median household income is $53,389/year, and the median home value is $235,500.
Is Oak Ridge, FL affordable?
Yes, Oak Ridge is more affordable than the national average with a cost index of 90. The rent-to-income ratio is 31.6%—above the 30%% affordability threshold.
What is the average rent in Oak Ridge, FL?
The median gross rent in Oak Ridge, FL is $1,404 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $16,848.
What is the median household income in Oak Ridge?
The median household income in Oak Ridge, FL is $53,389 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.