Cost of Living in DeSoto County, Florida
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
These figures are county medians, not a personal budget. Use them to frame rent, ownership, and income tradeoffs, then account for household size, commute, financing, insurance, taxes, debt, and local availability before making a decision.
How DeSoto County Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
DeSoto County ranks #1,416 of 3,142 counties for affordability (top 45%)
Sourced county brief
DeSoto County Median GRAPI Measured at 28.6 Percent
The official median gross rent as a percentage of household income (GRAPI) in DeSoto County was 28.6%. This percentage is 4.2 percentage points lower than the Florida unweighted county mean of 32.8%. The median renter-household income was recorded at $35,579. In terms of monthly expenditures, the median gross rent was $932, which is below the state unweighted county mean of $1,304. For property owners, the median home value was $174,100, trailing the state unweighted county mean of $284,325. Median selected monthly owner costs for all units were $701, compared to the state unweighted county mean of $1,039. These statistics provide a static observation of the county's financial landscape for housing. See ACS table B25071 for the underlying estimate.
Source record
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25064 Median Gross Rent
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25071 GRAPI
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25077 Median Home Value
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25088 Selected Monthly Owner Costs
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25119 Household Income by Tenure
Data version acs5-2020-2024 · Method cost-brief-v1
Cost of Living Advisory: DeSoto County
Affordability Verdict
ACS B25071 estimates median gross rent at 28.6% of renter household income in DeSoto County, which is below the 30% affordability benchmark. This is a median percentage among renter-occupied units, not the share of households above a threshold.
Rent vs. Own
Median gross rent is $932 per month; median selected monthly owner costs are $701. These ACS medians describe different tenure groups and are not a personalized rent-versus-buy calculation.
Income Needed
Using the common 30% budgeting benchmark, $37,280 in annual gross income would allocate 30% to the county's median gross rent. This is a reproducible illustration, not evidence that a particular household can afford housing.
Regional Context
The Florida unweighted mean of county median rents is $1,304 per month. DeSoto County's $932 median is 28.5% below that comparison value.
Data version acs5-2020-2024 · Method cost-advisory-v2
Affordability Calculator
See how your income compares to housing costs in DeSoto County
Rent Burden
20.6%
of gross income
Max Housing (28% Rule)
$1,270
per month
Owner Cost Burden
15.5%
of gross income
The median home in DeSoto County may be a stretch
Median home value is $174,100. Estimated monthly cost: $1,390 vs. your max of $1,270.
Rent Affordability Guide
Income Needed Calculator
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Based on the 30% rule for rent and 28% rule for housing costs (mortgage + owner costs). Mortgage estimate assumes 20% down, 7.2% interest, 30-year fixed.
Frequently Asked Questions
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See Today's RatesData: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2020-2024). Data is informational only and is not personalized financial advice.
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