Cost of Living in Taylor County, Florida
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
How Taylor County Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Taylor County ranks #1,297 of 3,144 counties for affordability (top 41%)
Data Story
About Cost of Living in Taylor County, Florida
Taylor County: affordability on a shoestring
Taylor County's 23.4% rent-to-income ratio reflects deep affordability challenges, paired with the lowest median household income in our comparison at $44,985. At $878 monthly rent, housing costs remain low in absolute terms but consume a larger income share than national averages.
Lowest incomes, moderate affordability ratio
Taylor's 23.4% rent-to-income ratio exceeds Florida's state average of 22.5%, placing it among the state's more strained counties despite modest rents. The median rent of $878 sits below the statewide $1,233 median, yet incomes here run far lower.
Similar costs, similar income pressures
Taylor's $878 rent and 23.4% ratio compare closely to Suwannee ($849, 18.4%) and Union ($846, 15.6%), though Taylor's weaker incomes create sharper affordability tension. The trio of northern counties shares economic challenges despite varying absolute costs.
Lowest costs paired with lowest incomes
Renters pay $878 monthly (23.4% of income) and homeowners $467 (12.4% of income), the lowest absolute costs in our group. The median home value of $100,200 offers genuine first-time-buyer potential for residents.
Taylor for patient homebuyers with low income
Households earning under $50,000 should weigh Taylor's rock-bottom home prices ($100,200 median) against limited job opportunities and services. Renters may find better income-to-housing balance in Suwannee; those seeking growth should explore Sumter or Seminole.
Cost of Living Advisory: Taylor County
Affordability Verdict
For renters in Taylor County, the market is affordable. Expect to pay around $878/month in gross rent, with 33.0% of renter households considered cost-burdened.
Rent vs. Own
Renters in Taylor County pay $878/month on average, compared to $467/month for homeowners. This market favors buyers by about 47%.
Income Needed
To afford the median rent without exceeding 30% of gross income, a household needs to earn approximately $35,120/year. For owner costs at the 28% rule, the required income is roughly $20,014/year. With a median household income of $44,985, most households can comfortably afford rent here. Notably, 33.0% of renter households in Taylor County are cost-burdened, spending more than 30% of income on housing.
Regional Context
Within Florida, Taylor County is more affordable than Levy County by roughly 6% ($878/mo vs $826/mo).
Affordability Calculator
See how your income compares to housing costs in Taylor County
Rent Burden
23.4%
of gross income
Max Housing (28% Rule)
$1,050
per month
Owner Cost Burden
12.5%
of gross income
You can likely afford the median home in Taylor County
Median home value is $100,200. Estimated monthly cost: $800 vs. your max of $1,050.
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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