Cost of Living in Hernando, FL
Population 8,795 · Florida · Data vintage 2023
(100 = US avg)
Hernando skews considerably older than the national median, with an average age of 60. Reported household income of $41,564 often reflects pension and investment income rather than wages, which makes the local tax picture — especially property tax treatment — a larger factor than in working-age cities. Unemployment has stayed elevated relative to the national figure — 10.7% as of the most recent ACS release — which shows up in household-income and poverty figures as well.
Hernando is about 35 miles north of Spring Hill, the nearest large metro — close enough that regional housing and labor patterns are shaped largely by the larger market. Median home values run roughly 24% lower than Spring Hill's $248,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Hernando
The median home value in Hernando is $189,200 — 38% below the national median of $305,000. Median rent runs $922/month, 30% lower than the national median of $1,314/month. The median household income of $41,564/year is 44% lower than the US median of $74,580. The local unemployment rate is 10.7%, above the national average of 4.8%. Florida charges no state income tax, a meaningful advantage for take-home pay. Overall, Hernando has a cost of living index of 65 versus the US average of 100, meaning it is 35% less expensive.
Hernando 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 Hernando, FL?
Hernando has a cost index of 65 (100 = national average). It is 35% below the national average.
What is average rent in Hernando, FL?
The median gross rent in Hernando is $922 per month based on 2023 Census data.
What is the average home price in Hernando?
The median home value in Hernando is $189,200 according to Zillow and Census data.
What is the median income in Hernando?
The median household income in Hernando is $41,564 per year (2023 ACS 5-year estimates).
What is the sales tax in Hernando, FL?
The combined state and local sales tax rate in Hernando is 7.0%. Florida has no state income tax.
Is Hernando, FL affordable?
Yes, Hernando is generally considered affordable, with a cost of living index of 65 — about 35% below the US national average of 100.
Hernando at a Glance
- Population
- 8,795
- Median Income
- $41,564
- Home Value
- $189,200
- Median Rent
- $922/mo
- Unemployment
- 10.7%
- Sales Tax
- 7.0%
Nearby Cities
Explore county-level cost of living data
Florida Rankings
Similar Cost Cities
Cities in other states with comparable housing costs