Punta Gorda, FL

Above Avg · 110

Florida · Population 19,886 · Updated March 2026

$1,235
Median Rent / Month
$79,291
Median Income
$482,300
Median Home Value
$1,236
Owner Costs / Month

Affordability

How far your income goes in Punta Gorda

18.7%
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

$14,820
Annual Rent
$0
State Income Tax
$4,148
Property Tax (est.)

Cost of Living Overview

Punta Gorda is more expensive than the national average. Higher housing costs are typically the primary driver. With a cost index of 110 (where 100 equals the national median), Punta Gorda residents can expect to pay median rent of $1,235/month while earning a median household income of $79,291/year.

The median home value in Punta Gorda, FL is $482,300, with typical monthly owner costs around $1,236 including mortgage, insurance, and taxes. The median rent-to-income ratio of 18.7% 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 Punta Gorda.

Frequently Asked Questions

Common questions about living costs in Punta Gorda

What is the cost of living in Punta Gorda, FL?
The cost of living index in Punta Gorda, FL is 110 (US average = 100). Median monthly rent is $1,235, median household income is $79,291/year, and the median home value is $482,300.
Is Punta Gorda, FL affordable?
No, Punta Gorda is more expensive than the national average with a cost index of 110. The rent-to-income ratio is 18.7%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Punta Gorda, FL?
The median gross rent in Punta Gorda, FL is $1,235 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $14,820.
What is the median household income in Punta Gorda?
The median household income in Punta Gorda, FL is $79,291 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.