On Top of the World, FL

Below Avg · 77

Florida · Population 13,772 · Updated March 2026

$1,162
Median Rent / Month
$57,765
Median Income
$275,000
Median Home Value
$759
Owner Costs / Month

Affordability

How far your income goes in On Top of the World

24.1%
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

$13,944
Annual Rent
$0
State Income Tax
$2,365
Property Tax (est.)

Cost of Living Overview

On Top of the World is significantly cheaper than the national average, making it an attractive option for budget-conscious individuals and families. With a cost index of 77 (where 100 equals the national median), On Top of the World residents can expect to pay median rent of $1,162/month while earning a median household income of $57,765/year.

The median home value in On Top of the World, FL is $275,000, with typical monthly owner costs around $759 including mortgage, insurance, and taxes. The median rent-to-income ratio of 24.1% 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 On Top of the World.

Frequently Asked Questions

Common questions about living costs in On Top of the World

What is the cost of living in On Top of the World, FL?
The cost of living index in On Top of the World, FL is 77 (US average = 100). Median monthly rent is $1,162, median household income is $57,765/year, and the median home value is $275,000.
Is On Top of the World, FL affordable?
Yes, On Top of the World is more affordable than the national average with a cost index of 77. The rent-to-income ratio is 24.1%—below the 30%% threshold considered affordable by HUD.
What is the average rent in On Top of the World, FL?
The median gross rent in On Top of the World, FL is $1,162 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $13,944.
What is the median household income in On Top of the World?
The median household income in On Top of the World, FL is $57,765 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.