Sweetwater, FL

Average · 102

Florida · Population 19,544 · Updated March 2026

$1,699
Median Rent / Month
$55,154
Median Income
$251,000
Median Home Value
$1,499
Owner Costs / Month

Affordability

How far your income goes in Sweetwater

37.0%
Rent-to-Income Ratio
Burdened
Rent takes more than 35% of median income — considered cost-burdened.

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

$20,388
Annual Rent
$0
State Income Tax
$2,159
Property Tax (est.)

Cost of Living Overview

Sweetwater has a cost of living close to the national average, offering a balanced mix of expenses and amenities. With a cost index of 102 (where 100 equals the national median), Sweetwater residents can expect to pay median rent of $1,699/month while earning a median household income of $55,154/year.

The median home value in Sweetwater, FL is $251,000, with typical monthly owner costs around $1,499 including mortgage, insurance, and taxes. The 37.0% rent-to-income ratio indicates significant housing cost burden. Residents spend well over a third of their income on rent alone.

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 Sweetwater.

Frequently Asked Questions

Common questions about living costs in Sweetwater

What is the cost of living in Sweetwater, FL?
The cost of living index in Sweetwater, FL is 102 (US average = 100). Median monthly rent is $1,699, median household income is $55,154/year, and the median home value is $251,000.
Is Sweetwater, FL affordable?
No, Sweetwater is more expensive than the national average with a cost index of 102. The rent-to-income ratio is 37.0%—above the 30%% affordability threshold.
What is the average rent in Sweetwater, FL?
The median gross rent in Sweetwater, FL is $1,699 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $20,388.
What is the median household income in Sweetwater?
The median household income in Sweetwater, FL is $55,154 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.