Cost of Living in Conway, FL

Population 13,346 · Florida · Data vintage 2023

118
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Conway is a smaller Florida community of around 13000 residents, where median household incomes of $96,250 and housing costs ($367,000 for a typical home) give the local cost-of-living profile a distinctly small-town shape. An unemployment rate of 2.5% points to a labor market well on the tight side of the national distribution.

Conway sits roughly 8 miles northwest of Orlando — close enough that regional housing and labor patterns are shaped largely by the larger market. Housing prices track closely with Orlando's $359,000 median.

Cost Overview

Housing 120
Rent 114

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

About the Cost of Living in Conway

The median home value in Conway is $366,800 — 20% above the national median of $305,000. Median rent runs $1,502/month, 14% higher than the national median of $1,314/month. The median household income of $96,250/year is 29% higher than the US median of $74,580. The local unemployment rate is 2.5%, below the national average of 4.8%. Florida charges no state income tax, a meaningful advantage for take-home pay. The climate averages highs of 82.9°F and lows of 64.7°F. Overall, Conway has a cost of living index of 118 versus the US average of 100, meaning it is 18% more expensive.

🏠 Housing

Median Home Value
$366,800
20% above avg
Median Rent
$1,502/mo
14% above avg
Price-to-Rent Ratio
20.4x
Favors renting
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 84.7%
Renter-occupied 15.3%

💰 Estimated Monthly Budget

Rent median rent
$1,502
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $2,116/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
28.6 min
6% above avg
Gas Price
$3.145/gal
0% below avg
Work From Home
15.2%

Commute Mode

Drove alone
77.1%
Carpooled
6.0%
Public transit
0.1%
Walked
0.1%
Bicycle
0.2%
Work from home
15.2%

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
$96,250
29% above avg
Per Capita Income
$50,799
Unemployment Rate
2.5%
47% below avg
Poverty Rate
7.4%
Labor Force Participation
68.0%

🎓 Education

Bachelor's degree+ 30.1%
Graduate degree 11.4%

👥 Demographics

Median Age 43.7
Male median age 40.8
Female median age 45.9

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High
82.9°F
Avg Low
64.7°F
Annual Precip
51.5"
50° 63° 75° 88° 100° JFMAMJJASOND High Low Precip
Month JanFebMarAprMayJunJulAugSepOctNovDec
High °F 717478838891929290847873
Low °F 525458636973757574686055
Precip" 2.612.062.742.703.668.178.077.666.553.241.732.28

💨 Air Quality

EPA AQS 2023 — county-level monitoring data

Median AQI 43 — Good
73.2%
Good air days/yr
115
Max AQI recorded
167
PM2.5 days
196
Ozone days

Frequently Asked Questions

What is the cost of living in Conway, FL?

Conway has a cost index of 118 (100 = national average). It is 18% above the national average.

What is average rent in Conway, FL?

The median gross rent in Conway is $1,502 per month based on 2023 Census data.

What is the average home price in Conway?

The median home value in Conway is $366,800 according to 2023 Census ACS data.

What is the median income in Conway?

The median household income in Conway is $96,250 per year (2023 ACS 5-year estimates).

What is the sales tax in Conway, FL?

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

Is Conway, FL affordable?

Conway is above average in cost of living, with an index of 118 — about 18% higher than the national average.

What is the weather like in Conway?

Conway has average high temperatures of 82.9°F and average lows of 64.7°F. Annual precipitation is 51.5". Data from NOAA 1991–2020 Climate Normals.

Conway at a Glance

Population
13,346
Median Income
$96,250
Home Value
$366,800
Median Rent
$1,502/mo
Unemployment
2.5%
Avg High Temp
82.9°F
Sales Tax
7.0%
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