Cost of Living in Brandon, FL

Population 116,365 · Florida · Data vintage 2023

109
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Most of Brandon's cost indicators track within a reasonable band of national figures, with median household incomes near $77,068 — a more representative starting point for relocation math than the headline-expensive or headline-cheap cities on either tail.

Cost Overview

Housing 96
Rent 129

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

About the Cost of Living in Brandon

The median home value in Brandon is $293,800 — 4% below the national median of $305,000. Median rent runs $1,691/month, 29% higher than the national median of $1,314/month. The median household income of $77,068/year is 3% higher than the US median of $74,580. The local unemployment rate is 4.2%, below the national average of 4.8%. Florida charges no state income tax, a meaningful advantage for take-home pay. Overall, Brandon has a cost of living index of 109 versus the US average of 100, meaning it is 9% more expensive.

🏠 Housing

Median Home Value
$293,800
4% below avg
Zillow Home Value
$351,090
Zillow ZHVI
Median Rent
$1,691/mo
29% above avg
Zillow Rent
$1,793/mo
Zillow ZORI
Price-to-Rent Ratio
14.5x
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 55.6%
Renter-occupied 44.4%

💰 Estimated Monthly Budget

Rent median rent
$1,691
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $2,305/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
30.7 min
14% above avg
Gas Price
$3.145/gal
0% below avg
Work From Home
16.4%

Commute Mode

Drove alone
73.2%
Carpooled
7.0%
Public transit
0.3%
Walked
0.8%
Bicycle
0.5%
Work from home
16.4%

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
$77,068
3% above avg
Per Capita Income
$38,597
Unemployment Rate
4.2%
12% below avg
Poverty Rate
12.0%
Labor Force Participation
66.0%

🎓 Education

Bachelor's degree+ 23.5%
Graduate degree 10.3%

👥 Demographics

Median Age 37.2
Male median age 36.1
Female median age 38.8

💨 Air Quality

EPA AQS 2023 — county-level monitoring data

Median AQI 51 — Moderate
42.7%
Good air days/yr
114
Max AQI recorded
261
PM2.5 days
102
Ozone days

Frequently Asked Questions

What is the cost of living in Brandon, FL?

Brandon has a cost index of 109 (100 = national average). It is 9% above the national average.

What is average rent in Brandon, FL?

The median gross rent in Brandon is $1,691 per month based on 2023 Census data.

What is the average home price in Brandon?

The median home value in Brandon is $293,800 according to Zillow and Census data.

What is the median income in Brandon?

The median household income in Brandon is $77,068 per year (2023 ACS 5-year estimates).

What is the sales tax in Brandon, FL?

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

Is Brandon, FL affordable?

Brandon is near the national average in terms of cost of living, with an index of 109 (100 = US average).

Brandon at a Glance

Population
116,365
Median Income
$77,068
Home Value
$293,800
Median Rent
$1,691/mo
Unemployment
4.2%
Sales Tax
7.0%
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