Sugarmill Woods, FL

Below Avg · 80

Florida · Population 10,871 · Updated March 2026

$1,200
Median Rent / Month
$69,831
Median Income
$289,100
Median Home Value
$788
Owner Costs / Month

Affordability

How far your income goes in Sugarmill Woods

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

$14,400
Annual Rent
$0
State Income Tax
$2,486
Property Tax (est.)

Cost of Living Overview

Sugarmill Woods is significantly cheaper than the national average, making it an attractive option for budget-conscious individuals and families. With a cost index of 80 (where 100 equals the national median), Sugarmill Woods residents can expect to pay median rent of $1,200/month while earning a median household income of $69,831/year.

The median home value in Sugarmill Woods, FL is $289,100, with typical monthly owner costs around $788 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 Sugarmill Woods.

Frequently Asked Questions

Common questions about living costs in Sugarmill Woods

What is the cost of living in Sugarmill Woods, FL?
The cost of living index in Sugarmill Woods, FL is 80 (US average = 100). Median monthly rent is $1,200, median household income is $69,831/year, and the median home value is $289,100.
Is Sugarmill Woods, FL affordable?
Yes, Sugarmill Woods is more affordable than the national average with a cost index of 80. The rent-to-income ratio is 20.6%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Sugarmill Woods, FL?
The median gross rent in Sugarmill Woods, FL is $1,200 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $14,400.
What is the median household income in Sugarmill Woods?
The median household income in Sugarmill Woods, FL is $69,831 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.