Ocala, FL

Below Avg · 80

Florida · Population 64,903 · Updated March 2026

$1,230
Median Rent / Month
$53,520
Median Income
$219,900
Median Home Value
$1,161
Owner Costs / Month

Affordability

How far your income goes in Ocala

27.6%
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

$14,760
Annual Rent
$0
State Income Tax
$1,891
Property Tax (est.)

Cost of Living Overview

Ocala is significantly cheaper than the national average, making it an attractive option for budget-conscious individuals and families. With a cost index of 80 (where 100 equals the national median), Ocala residents can expect to pay median rent of $1,230/month while earning a median household income of $53,520/year.

The median home value in Ocala, FL is $219,900, with typical monthly owner costs around $1,161 including mortgage, insurance, and taxes. With a rent-to-income ratio of 27.6%, Ocala falls within the generally affordable range, though it's approaching the 30% burden threshold.

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 Ocala.

Frequently Asked Questions

Common questions about living costs in Ocala

What is the cost of living in Ocala, FL?
The cost of living index in Ocala, FL is 80 (US average = 100). Median monthly rent is $1,230, median household income is $53,520/year, and the median home value is $219,900.
Is Ocala, FL affordable?
Yes, Ocala is more affordable than the national average with a cost index of 80. The rent-to-income ratio is 27.6%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Ocala, FL?
The median gross rent in Ocala, FL is $1,230 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $14,760.
What is the median household income in Ocala?
The median household income in Ocala, FL is $53,520 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.