Cost of Living in Hobe Sound, FL

Population 14,313 · Florida · Data vintage 2023

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

Hobe Sound skews considerably older than the national median, with an average age of 56. Reported household income of $63,233 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.

Located 20 miles southeast of Port St. Lucie, Hobe Sound falls within that metro's commuting orbit. Housing prices track closely with Port St. Lucie's $328,000 median.

Cost Overview

Housing 106
Rent 90

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

About the Cost of Living in Hobe Sound

The median home value in Hobe Sound is $323,700 — 6% above the national median of $305,000. Median rent runs $1,184/month, 10% lower than the national median of $1,314/month. The median household income of $63,233/year is 15% lower than the US median of $74,580. The local unemployment rate is 4.8%, below the national average of 4.8%. Florida charges no state income tax, a meaningful advantage for take-home pay. Overall, Hobe Sound has a cost of living index of 100 versus the US average of 100, meaning it is on par with the national average.

🏠 Housing

Median Home Value
$323,700
6% above avg
Zillow Home Value
$491,868
Zillow ZHVI
Median Rent
$1,184/mo
10% below avg
Zillow Rent
$3,027/mo
Zillow ZORI
Price-to-Rent Ratio
22.8x
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 77.2%
Renter-occupied 22.8%

💰 Estimated Monthly Budget

Rent median rent
$1,184
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,798/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
28.2 min
4% above avg
Gas Price
$3.145/gal
0% below avg
Work From Home
14.8%

Commute Mode

Drove alone
67.5%
Carpooled
12.6%
Walked
3.0%
Bicycle
1.1%
Work from home
14.8%

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
$63,233
15% below avg
Per Capita Income
$43,896
Unemployment Rate
4.8%
1% below avg
Poverty Rate
13.0%
Labor Force Participation
53.1%

🎓 Education

Bachelor's degree+ 19.5%
Graduate degree 9.1%

👥 Demographics

Median Age 55.6
Male median age 53
Female median age 56.9

💨 Air Quality

EPA AQS 2023 — county-level monitoring data

Median AQI 41 — Good
77.5%
Good air days/yr
127
Max AQI recorded
207
PM2.5 days
158
Ozone days

Frequently Asked Questions

What is the cost of living in Hobe Sound, FL?

Hobe Sound has a cost index of 100 (100 = national average). It is near the national average.

What is average rent in Hobe Sound, FL?

The median gross rent in Hobe Sound is $1,184 per month based on 2023 Census data.

What is the average home price in Hobe Sound?

The median home value in Hobe Sound is $323,700 according to Zillow and Census data.

What is the median income in Hobe Sound?

The median household income in Hobe Sound is $63,233 per year (2023 ACS 5-year estimates).

What is the sales tax in Hobe Sound, FL?

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

Is Hobe Sound, FL affordable?

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

Hobe Sound at a Glance

Population
14,313
Median Income
$63,233
Home Value
$323,700
Median Rent
$1,184/mo
Unemployment
4.8%
Sales Tax
7.0%
View all cities in Florida →
🗺️ County data for Florida

Explore county-level cost of living data

Similar Cost Cities

Cities in other states with comparable housing costs