Opa-locka, FL

Below Avg · 88

Florida · Population 16,097 · Updated March 2026

$1,225
Median Rent / Month
$31,680
Median Income
$281,000
Median Home Value
$1,256
Owner Costs / Month

Affordability

How far your income goes in Opa-locka

46.4%
Rent-to-Income Ratio
Burdened
Rent takes more than 35% of median income — considered cost-burdened.

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

$14,700
Annual Rent
$0
State Income Tax
$2,417
Property Tax (est.)

Cost of Living Overview

Opa-locka offers a below-average cost of living, giving residents more purchasing power compared to many US cities. With a cost index of 88 (where 100 equals the national median), Opa-locka residents can expect to pay median rent of $1,225/month while earning a median household income of $31,680/year.

The median home value in Opa-locka, FL is $281,000, with typical monthly owner costs around $1,256 including mortgage, insurance, and taxes. The 46.4% rent-to-income ratio indicates significant housing cost burden. Residents spend well over a third of their income on rent alone.

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 Opa-locka.

Frequently Asked Questions

Common questions about living costs in Opa-locka

What is the cost of living in Opa-locka, FL?
The cost of living index in Opa-locka, FL is 88 (US average = 100). Median monthly rent is $1,225, median household income is $31,680/year, and the median home value is $281,000.
Is Opa-locka, FL affordable?
Yes, Opa-locka is more affordable than the national average with a cost index of 88. The rent-to-income ratio is 46.4%—above the 30%% affordability threshold.
What is the average rent in Opa-locka, FL?
The median gross rent in Opa-locka, FL is $1,225 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $14,700.
What is the median household income in Opa-locka?
The median household income in Opa-locka, FL is $31,680 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.