Cost of Living in Gifford, FL
Population 4,658 · Florida · Data vintage 2023
(100 = US avg)
Gifford's median household income of $27,765 is a meaningful share below the national figure, which shapes most of the downstream economic indicators — from housing affordability to the share of residents living below the poverty line (52% here). Rental affordability is stretched — $890/month works out to about 38% of median household income, above the 30% "cost-burdened" line.
Gifford is about 25 miles southeast of Palm Bay, the nearest large metro — close enough that regional housing and labor patterns are shaped largely by the larger market. Housing prices track closely with Palm Bay's $248,000 median.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Gifford
The median home value in Gifford is $259,300 — 15% below the national median of $305,000. Median rent runs $890/month, 32% lower than the national median of $1,314/month. The median household income of $27,765/year is 63% lower than the US median of $74,580. The local unemployment rate is 10.3%, above the national average of 4.8%. Florida charges no state income tax, a meaningful advantage for take-home pay. Overall, Gifford has a cost of living index of 78 versus the US average of 100, meaning it is 22% less expensive.
Gifford has limited residential data
Detailed housing and income data is limited for this location. Here are the nearest cities with full cost of living data:
🏠 Housing
HUD Fair Market Rents by Bedroom
💰 Estimated Monthly Budget
Estimates based on median data and national averages. Actual costs vary.
🛒 Food & Groceries
National BLS average prices (2023). Local prices may vary.
🚗 Transportation
Commute Mode
⚡ Utilities
📋 Taxes
💼 Income & Employment
🎓 Education
👥 Demographics
💨 Air Quality
EPA AQS 2023 — county-level monitoring data
Frequently Asked Questions
What is the cost of living in Gifford, FL?
Gifford has a cost index of 78 (100 = national average). It is 22% below the national average.
What is average rent in Gifford, FL?
The median gross rent in Gifford is $890 per month based on 2023 Census data.
What is the average home price in Gifford?
The median home value in Gifford is $259,300 according to 2023 Census ACS data.
What is the median income in Gifford?
The median household income in Gifford is $27,765 per year (2023 ACS 5-year estimates).
What is the sales tax in Gifford, FL?
The combined state and local sales tax rate in Gifford is 7.0%. Florida has no state income tax.
Is Gifford, FL affordable?
Yes, Gifford is generally considered affordable, with a cost of living index of 78 — about 22% below the US national average of 100.
Gifford at a Glance
- Population
- 4,658
- Median Income
- $27,765
- Home Value
- $259,300
- Median Rent
- $890/mo
- Unemployment
- 10.3%
- Sales Tax
- 7.0%
Nearby Cities
Explore county-level cost of living data
Florida Rankings
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