Westchester, FL

Above Avg · 129

Florida · Population 53,082 · Updated March 2026

$1,734
Median Rent / Month
$75,905
Median Income
$473,300
Median Home Value
$1,581
Owner Costs / Month

Affordability

How far your income goes in Westchester

27.4%
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

$20,808
Annual Rent
$0
State Income Tax
$4,070
Property Tax (est.)

Cost of Living Overview

Westchester has a significantly higher cost of living than most US cities, driven largely by premium housing costs. With a cost index of 129 (where 100 equals the national median), Westchester residents can expect to pay median rent of $1,734/month while earning a median household income of $75,905/year.

The median home value in Westchester, FL is $473,300, with typical monthly owner costs around $1,581 including mortgage, insurance, and taxes. With a rent-to-income ratio of 27.4%, Westchester 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 Westchester.

Frequently Asked Questions

Common questions about living costs in Westchester

What is the cost of living in Westchester, FL?
The cost of living index in Westchester, FL is 129 (US average = 100). Median monthly rent is $1,734, median household income is $75,905/year, and the median home value is $473,300.
Is Westchester, FL affordable?
No, Westchester is more expensive than the national average with a cost index of 129. The rent-to-income ratio is 27.4%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Westchester, FL?
The median gross rent in Westchester, FL is $1,734 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $20,808.
What is the median household income in Westchester?
The median household income in Westchester, FL is $75,905 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.