The Hammocks, FL

Very High · 141

Florida · Population 58,548 · Updated March 2026

$2,041
Median Rent / Month
$83,253
Median Income
$437,700
Median Home Value
$1,971
Owner Costs / Month

Affordability

How far your income goes in The Hammocks

29.4%
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

$24,492
Annual Rent
$0
State Income Tax
$3,764
Property Tax (est.)

Cost of Living Overview

The Hammocks has a significantly higher cost of living than most US cities, driven largely by premium housing costs. With a cost index of 141 (where 100 equals the national median), The Hammocks residents can expect to pay median rent of $2,041/month while earning a median household income of $83,253/year.

The median home value in The Hammocks, FL is $437,700, with typical monthly owner costs around $1,971 including mortgage, insurance, and taxes. With a rent-to-income ratio of 29.4%, The Hammocks 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 The Hammocks.

Frequently Asked Questions

Common questions about living costs in The Hammocks

What is the cost of living in The Hammocks, FL?
The cost of living index in The Hammocks, FL is 141 (US average = 100). Median monthly rent is $2,041, median household income is $83,253/year, and the median home value is $437,700.
Is The Hammocks, FL affordable?
No, The Hammocks is more expensive than the national average with a cost index of 141. The rent-to-income ratio is 29.4%—below the 30%% threshold considered affordable by HUD.
What is the average rent in The Hammocks, FL?
The median gross rent in The Hammocks, FL is $2,041 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $24,492.
What is the median household income in The Hammocks?
The median household income in The Hammocks, FL is $83,253 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.