Cost of Living in Holmes County, Florida
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
How Holmes County Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Holmes County ranks #1,457 of 3,144 counties for affordability (top 46%)
Data Story
About Cost of Living in Holmes County, Florida
Holmes offers rock-bottom affordability
Holmes County residents spend just 20.5% of income on rent—the lowest ratio of all eight counties and nearly 2 percentage points below Florida's 22.5% average. With median household income of $48,236 and median rent of just $823, Holmes delivers exceptional housing affordability despite below-average incomes.
Florida's most affordable housing market
Holmes County ranks among Florida's most affordable counties with a 20.5% rent-to-income ratio and median rent of $823—33% cheaper than the state median of $1,233. The combination of low rents and reasonable incomes creates one of the state's best housing situations for renters.
Unbeatable rural Florida savings
Holmes' $823 rent significantly undercuts even the cheapest neighbors like Hendry County ($958) and Highlands County ($980). The median home value of $101,400 is the lowest of all eight counties, with monthly ownership costs of just $474—less than half of urban Hillsborough County.
Both rental and ownership are accessible
Renters pay $823 monthly (20.5% of income) while homeowners spend $474—an extraordinary cost advantage for ownership. Even at the county's modest median income of $48,236, both housing pathways remain genuinely affordable, allowing households to save meaningfully.
Holmes County rewards frugal movers
If you're escaping high-cost Florida or relocating nationally, Holmes County offers exceptional value: $823 rents and homes under $102K with $474 monthly payments. The 20.5% rent-to-income ratio is the best among these eight counties, maximizing your savings and financial flexibility.
Cost of Living Advisory: Holmes County
Affordability Verdict
Holmes County offers affordable rental housing at a median of $823/month — about 20.5% of the typical household income here.
Rent vs. Own
The median rent in Holmes County is $823/month, while owner costs run $474/month. Owning saves approximately $349/month.
Income Needed
To afford the median rent without exceeding 30% of gross income, a household needs to earn approximately $32,920/year. For owner costs at the 28% rule, the required income is roughly $20,314/year. With a median household income of $48,236, most households can comfortably afford rent here. Notably, 26.0% of renter households in Holmes County are cost-burdened, spending more than 30% of income on housing.
Regional Context
Compared to Taylor County where rent averages $878/month, Holmes County is approximately 6% less expensive.
Affordability Calculator
See how your income compares to housing costs in Holmes County
Rent Burden
20.5%
of gross income
Max Housing (28% Rule)
$1,126
per month
Owner Cost Burden
11.8%
of gross income
You can likely afford the median home in Holmes County
Median home value is $101,400. Estimated monthly cost: $810 vs. your max of $1,126.
Rent Affordability Guide
Income Needed Calculator
See how much you need to earn to comfortably afford housing
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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 (2019-2023) — Informational only. Not financial or legal advice.
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