Cost of Living in Martin 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 Martin County Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Martin County ranks #2,800 of 3,142 counties for affordability (bottom 11%)
Sourced county brief
Martin County Median Gross Rent as Percentage of Income at 36.9%
The official ACS B25071 median gross rent as a percentage of household income in Martin County was 36.9%. This percentage is 4.1 percentage points higher than the Florida unweighted county mean of 32.8%. Median gross rent in the county was estimated at $1,569 per month, which is above the state unweighted county mean of $1,304. For owner-occupied housing, the median selected monthly owner costs were $1,299, while the state unweighted county mean was $1,039. The median home value was $432,200, compared to the state unweighted county mean of $284,325. Renter-household median income in the county was $46,716. All figures provided are snapshots from the 2020-2024 American Community Survey 5-Year Estimates. 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: Martin County
Affordability Verdict
ACS B25071 estimates median gross rent at 36.9% of renter household income in Martin County, which is between the 30% and 50% rent-burden benchmarks. This is a median percentage among renter-occupied units, not the share of households above a threshold.
Rent vs. Own
Median gross rent is $1,569 per month; median selected monthly owner costs are $1,299. These ACS medians describe different tenure groups and are not a personalized rent-versus-buy calculation.
Income Needed
Using the common 30% budgeting benchmark, $62,760 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. Martin County's $1,569 median is 20.3% above that comparison value.
Data version acs5-2020-2024 · Method cost-advisory-v2
Affordability Calculator
See how your income compares to housing costs in Martin County
Rent Burden
22.7%
of gross income
Max Housing (28% Rule)
$1,935
per month
Owner Cost Burden
18.8%
of gross income
The median home in Martin County may be a stretch
Median home value is $432,200. Estimated monthly cost: $3,450 vs. your max of $1,935.
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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