Port Charlotte, FL

Below Avg · 85

Florida · Population 64,971 · Updated March 2026

$1,335
Median Rent / Month
$60,729
Median Income
$249,400
Median Home Value
$1,120
Owner Costs / Month

Affordability

How far your income goes in Port Charlotte

26.4%
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

$16,020
Annual Rent
$0
State Income Tax
$2,145
Property Tax (est.)

Cost of Living Overview

Port Charlotte offers a below-average cost of living, giving residents more purchasing power compared to many US cities. With a cost index of 85 (where 100 equals the national median), Port Charlotte residents can expect to pay median rent of $1,335/month while earning a median household income of $60,729/year.

The median home value in Port Charlotte, FL is $249,400, with typical monthly owner costs around $1,120 including mortgage, insurance, and taxes. With a rent-to-income ratio of 26.4%, Port Charlotte 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 Port Charlotte.

Frequently Asked Questions

Common questions about living costs in Port Charlotte

What is the cost of living in Port Charlotte, FL?
The cost of living index in Port Charlotte, FL is 85 (US average = 100). Median monthly rent is $1,335, median household income is $60,729/year, and the median home value is $249,400.
Is Port Charlotte, FL affordable?
Yes, Port Charlotte is more affordable than the national average with a cost index of 85. The rent-to-income ratio is 26.4%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Port Charlotte, FL?
The median gross rent in Port Charlotte, FL is $1,335 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $16,020.
What is the median household income in Port Charlotte?
The median household income in Port Charlotte, FL is $60,729 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.