Cost of Living in Beverly Hills, FL

Population 9,716 · Florida · Data vintage 2023

62
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

At $44,845, median household incomes in Beverly Hills land roughly 40% below the US median, a gap that tends to persist across local labor-market indicators. Around 21% of residents live below the federal poverty line, a rate that tends to correlate with the income and housing figures above.

Geographically, Beverly Hills is about 30 miles north of Spring Hill, the nearest large metro. Median home values run roughly 45% lower than Spring Hill's $248,000.

Cost Overview

Housing 45
Rent 87

Scale: 100 = US national average. Green < 90, Red > 110.

About the Cost of Living in Beverly Hills

The median home value in Beverly Hills is $137,200 — 55% below the national median of $305,000. Median rent runs $1,140/month, 13% lower than the national median of $1,314/month. The median household income of $44,845/year is 40% lower than the US median of $74,580. The local unemployment rate is 8.9%, above the national average of 4.8%. Florida charges no state income tax, a meaningful advantage for take-home pay. Overall, Beverly Hills has a cost of living index of 62 versus the US average of 100, meaning it is 38% less expensive.

🏠 Housing

Median Home Value
$137,200
55% below avg
Zillow Home Value
$234,932
Zillow ZHVI
Median Rent
$1,140/mo
13% below avg
Zillow Rent
$1,699/mo
Zillow ZORI
Price-to-Rent Ratio
10.0x
Favors buying
Property Tax Rate
0.9%
Effective rate

HUD Fair Market Rents by Bedroom

Studio
$1,085
1 BR
$1,181
2 BR
$1,427
3 BR
$1,797
4 BR
$2,099
Owner-occupied 68.3%
Renter-occupied 31.6%

💰 Estimated Monthly Budget

Rent median rent
$1,140
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,754/mo

Estimates based on median data and national averages. Actual costs vary.

🛒 Food & Groceries

National BLS average prices (2023). Local prices may vary.

🥚
Eggs (dozen)
$0.548
🍞
White Bread (lb)
$1.912
🥩
Ground Beef (lb)
$5.61

🚗 Transportation

Avg Commute
29.2 min
8% above avg
Gas Price
$3.145/gal
0% below avg
Work From Home
8.0%

Commute Mode

Drove alone
78.0%
Carpooled
11.5%
Public transit
0.1%
Walked
1.2%
Bicycle
0.0%
Work from home
8.0%

Utilities

Electricity
$0.176/kWh
0% below avg

📋 Taxes

State Income Tax (flat) None
Total Sales Tax 7.0%
State rate 6.0%
Avg local rate 1.1%
Property Tax 0.9%

💼 Income & Employment

Median Household Income
$44,845
40% below avg
Per Capita Income
$28,592
Unemployment Rate
8.9%
85% above avg
Poverty Rate
21.0%
Labor Force Participation
47.4%

🎓 Education

Bachelor's degree+ 6.2%
Graduate degree 3.8%

👥 Demographics

Median Age 50.7
Male median age 45.9
Female median age 56.5

💨 Air Quality

EPA AQS 2023 — county-level monitoring data

Median AQI 45 — Good
65.2%
Good air days/yr
118
Max AQI recorded
353
PM2.5 days
0
Ozone days

Frequently Asked Questions

What is the cost of living in Beverly Hills, FL?

Beverly Hills has a cost index of 62 (100 = national average). It is 38% below the national average.

What is average rent in Beverly Hills, FL?

The median gross rent in Beverly Hills is $1,140 per month based on 2023 Census data.

What is the average home price in Beverly Hills?

The median home value in Beverly Hills is $137,200 according to Zillow and Census data.

What is the median income in Beverly Hills?

The median household income in Beverly Hills is $44,845 per year (2023 ACS 5-year estimates).

What is the sales tax in Beverly Hills, FL?

The combined state and local sales tax rate in Beverly Hills is 7.0%. Florida has no state income tax.

Is Beverly Hills, FL affordable?

Yes, Beverly Hills is generally considered affordable, with a cost of living index of 62 — about 38% below the US national average of 100.

Beverly Hills at a Glance

Population
9,716
Median Income
$44,845
Home Value
$137,200
Median Rent
$1,140/mo
Unemployment
8.9%
Sales Tax
7.0%
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Explore county-level cost of living data

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