Cost of Living in Highlands County, Florida

$980/mo
Median Monthly Rent
$177,900
Median Home Value
21% below state averageUnaffordable

At a Glance

Median Monthly Rent
$980/mo
21% below state average
Median Home Value
$177,900
37% below national
Rent-to-Income Ratio
31.0%
% of income spent on rent

Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)

Affordability Rating
Unaffordable
Rent over 50% of income

How Highlands County Compares

Median monthly rent comparison

Highlands County$980/mo
Florida Average$1,233/mo
National Median$1,163/mo

Detailed Housing Stats

$980/mo
Median Gross Rent
$177,900
Median Home Value
$643/mo
Monthly Owner Cost
31.0%
Rent-to-Income Ratio

Data Story

About Cost of Living in Highlands County, Florida

Highlands offers solid national affordability

Highlands County residents spend just 21.2% of income on rent, beating Florida's state average of 22.5% and well below the national 30% concern level. The county's median household income of $55,581 and median rent of $980 combine to create one of Florida's more favorable housing situations.

Top-tier affordability within Florida

Highlands ranks among Florida's most affordable counties with a rent-to-income ratio of 21.2%—one of the lowest statewide. The median rent of $980 significantly undercuts Florida's median of $1,233, positioning Highlands as a genuine savings destination for cost-conscious renters.

Competitive with rural peers, beats growth areas

Highlands' $980 monthly rent rivals Hendry County ($958) while crushing Hillsborough's $1,543, offering clear cost advantages across the spectrum. For homebuyers, Highlands' $177,900 median home value is the lowest among comparable counties, with ownership costs of just $643 monthly.

Owning is significantly cheaper here

Renters pay $980 monthly (21.2% of income) while homeowners spend just $643—a $337 monthly gap favoring ownership. With a median household income of $55,581, this spread means homeowners recoup significant savings, making Highlands particularly attractive for buyers seeking true value.

Highlands County champions affordability

If budget is your priority, Highlands delivers: rents around $980 and homes under $178K with monthly costs under $650. The county's 21.2% rent-to-income ratio is among Florida's best, freeing up money for savings or quality of life investments.

Affordability Calculator

See how your income compares to housing costs in Highlands County

$

Rent Burden

21.2%

of gross income

Max Housing (28% Rule)

$1,297

per month

Owner Cost Burden

13.9%

of gross income

The median home in Highlands County may be a stretch

Median home value is $177,900. Estimated monthly cost: $1,420 vs. your max of $1,297.

Rent Affordability Guide

Your rent-to-income ratio21.2%
Recommended max30.0%

Frequently Asked Questions

What is the cost of living in Highlands County, Florida?
Highlands County, Florida has a median monthly rent of $980/mo and a median home value of $177,900. The affordability rating is Unaffordable, with rent making up approximately 31.0% of median household income.
What is the median rent in Highlands County?
The median gross rent in Highlands County is $980/mo. This is 21% below state average for Florida.
Is Highlands County affordable?
Highlands County is rated Unaffordable based on rent-to-income ratio of 31.0%. Spending over 50% of income on rent is generally considered unaffordable.
How does Highlands County's rent compare to the state average?
Highlands County's median rent of $980/mo is 21% below state average of $1,233/mo for Florida.
What is the median home value in Highlands County?
The median home value in Highlands County, Florida is $177,900. This is 37% below the national median home value of $281,900.
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Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.