Tavares, FL

Below Avg · 83

Florida · Population 19,738 · Updated March 2026

$1,409
Median Rent / Month
$57,644
Median Income
$225,500
Median Home Value
$1,017
Owner Costs / Month

Affordability

How far your income goes in Tavares

29.3%
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

$16,908
Annual Rent
$0
State Income Tax
$1,939
Property Tax (est.)

Cost of Living Overview

Tavares is significantly cheaper than the national average, making it an attractive option for budget-conscious individuals and families. With a cost index of 83 (where 100 equals the national median), Tavares residents can expect to pay median rent of $1,409/month while earning a median household income of $57,644/year.

The median home value in Tavares, FL is $225,500, with typical monthly owner costs around $1,017 including mortgage, insurance, and taxes. With a rent-to-income ratio of 29.3%, Tavares 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 Tavares.

Frequently Asked Questions

Common questions about living costs in Tavares

What is the cost of living in Tavares, FL?
The cost of living index in Tavares, FL is 83 (US average = 100). Median monthly rent is $1,409, median household income is $57,644/year, and the median home value is $225,500.
Is Tavares, FL affordable?
Yes, Tavares is more affordable than the national average with a cost index of 83. The rent-to-income ratio is 29.3%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Tavares, FL?
The median gross rent in Tavares, FL is $1,409 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $16,908.
What is the median household income in Tavares?
The median household income in Tavares, FL is $57,644 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.