Oviedo, FL

Very High · 137

Florida · Population 39,990 · Updated March 2026

$1,963
Median Rent / Month
$114,092
Median Income
$428,500
Median Home Value
$1,942
Owner Costs / Month

Affordability

How far your income goes in Oviedo

20.6%
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

$23,556
Annual Rent
$0
State Income Tax
$3,685
Property Tax (est.)

Cost of Living Overview

Oviedo has a significantly higher cost of living than most US cities, driven largely by premium housing costs. With a cost index of 137 (where 100 equals the national median), Oviedo residents can expect to pay median rent of $1,963/month while earning a median household income of $114,092/year.

The median home value in Oviedo, FL is $428,500, with typical monthly owner costs around $1,942 including mortgage, insurance, and taxes. The median rent-to-income ratio of 20.6% 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 Oviedo.

Frequently Asked Questions

Common questions about living costs in Oviedo

What is the cost of living in Oviedo, FL?
The cost of living index in Oviedo, FL is 137 (US average = 100). Median monthly rent is $1,963, median household income is $114,092/year, and the median home value is $428,500.
Is Oviedo, FL affordable?
No, Oviedo is more expensive than the national average with a cost index of 137. The rent-to-income ratio is 20.6%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Oviedo, FL?
The median gross rent in Oviedo, FL is $1,963 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $23,556.
What is the median household income in Oviedo?
The median household income in Oviedo, FL is $114,092 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.