University, FL

Average · 94

Florida · Population 42,481 · Updated March 2026

$1,393
Median Rent / Month
$59,322
Median Income
$275,300
Median Home Value
$1,344
Owner Costs / Month

Affordability

How far your income goes in University

28.2%
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

$16,716
Annual Rent
$0
State Income Tax
$2,368
Property Tax (est.)

Cost of Living Overview

University 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), University residents can expect to pay median rent of $1,393/month while earning a median household income of $59,322/year.

The median home value in University, FL is $275,300, with typical monthly owner costs around $1,344 including mortgage, insurance, and taxes. With a rent-to-income ratio of 28.2%, University 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 University.

Frequently Asked Questions

Common questions about living costs in University

What is the cost of living in University, FL?
The cost of living index in University, FL is 94 (US average = 100). Median monthly rent is $1,393, median household income is $59,322/year, and the median home value is $275,300.
Is University, FL affordable?
Yes, University is more affordable than the national average with a cost index of 94. The rent-to-income ratio is 28.2%—below the 30%% threshold considered affordable by HUD.
What is the average rent in University, FL?
The median gross rent in University, FL is $1,393 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $16,716.
What is the median household income in University?
The median household income in University, FL is $59,322 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.