Tarpon Springs, FL

Average · 94

Florida · Population 25,522 · Updated March 2026

$1,234
Median Rent / Month
$68,877
Median Income
$321,000
Median Home Value
$1,336
Owner Costs / Month

Affordability

How far your income goes in Tarpon Springs

21.5%
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

$14,808
Annual Rent
$0
State Income Tax
$2,761
Property Tax (est.)

Cost of Living Overview

Tarpon Springs offers a below-average cost of living, giving residents more purchasing power compared to many US cities. With a cost index of 94 (where 100 equals the national median), Tarpon Springs residents can expect to pay median rent of $1,234/month while earning a median household income of $68,877/year.

The median home value in Tarpon Springs, FL is $321,000, with typical monthly owner costs around $1,336 including mortgage, insurance, and taxes. The median rent-to-income ratio of 21.5% 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 Tarpon Springs.

Frequently Asked Questions

Common questions about living costs in Tarpon Springs

What is the cost of living in Tarpon Springs, FL?
The cost of living index in Tarpon Springs, FL is 94 (US average = 100). Median monthly rent is $1,234, median household income is $68,877/year, and the median home value is $321,000.
Is Tarpon Springs, FL affordable?
Yes, Tarpon Springs is more affordable than the national average with a cost index of 94. The rent-to-income ratio is 21.5%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Tarpon Springs, FL?
The median gross rent in Tarpon Springs, FL is $1,234 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $14,808.
What is the median household income in Tarpon Springs?
The median household income in Tarpon Springs, FL is $68,877 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.