Southchase, FL

Above Avg · 113

Florida · Population 14,149 · Updated March 2026

$1,798
Median Rent / Month
$85,573
Median Income
$344,900
Median Home Value
$1,339
Owner Costs / Month

Affordability

How far your income goes in Southchase

25.2%
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

$21,576
Annual Rent
$0
State Income Tax
$2,966
Property Tax (est.)

Cost of Living Overview

Southchase is more expensive than the national average. Higher housing costs are typically the primary driver. With a cost index of 113 (where 100 equals the national median), Southchase residents can expect to pay median rent of $1,798/month while earning a median household income of $85,573/year.

The median home value in Southchase, FL is $344,900, with typical monthly owner costs around $1,339 including mortgage, insurance, and taxes. With a rent-to-income ratio of 25.2%, Southchase 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 Southchase.

Frequently Asked Questions

Common questions about living costs in Southchase

What is the cost of living in Southchase, FL?
The cost of living index in Southchase, FL is 113 (US average = 100). Median monthly rent is $1,798, median household income is $85,573/year, and the median home value is $344,900.
Is Southchase, FL affordable?
No, Southchase is more expensive than the national average with a cost index of 113. The rent-to-income ratio is 25.2%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Southchase, FL?
The median gross rent in Southchase, FL is $1,798 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $21,576.
What is the median household income in Southchase?
The median household income in Southchase, FL is $85,573 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.