Cost of Living in Homosassa Springs, FL

Population 15,465 · Florida · Data vintage 2023

60
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Under 25,000 residents gives Homosassa Springs a small-town character that shows up in every data point below — from the commute patterns to the rental inventory. A typical home runs $147,000. At 9.2%, the local unemployment rate runs well above the US figure, pointing to structural rather than cyclical labor-market issues.

Homosassa Springs sits roughly 25 miles north of Spring Hill — close enough that regional housing and labor patterns are shaped largely by the larger market. Median home values run roughly 41% lower than Spring Hill's $248,000.

Cost Overview

Housing 48
Rent 77

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

About the Cost of Living in Homosassa Springs

The median home value in Homosassa Springs is $146,600 — 52% below the national median of $305,000. Median rent runs $1,014/month, 23% lower than the national median of $1,314/month. The median household income of $48,489/year is 35% lower than the US median of $74,580. The local unemployment rate is 9.2%, above the national average of 4.8%. Florida charges no state income tax, a meaningful advantage for take-home pay. Overall, Homosassa Springs has a cost of living index of 60 versus the US average of 100, meaning it is 40% less expensive.

🏠 Housing

Median Home Value
$146,600
52% below avg
Median Rent
$1,014/mo
23% below avg
Price-to-Rent Ratio
12.0x
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 86.3%
Renter-occupied 13.7%

💰 Estimated Monthly Budget

Rent median rent
$1,014
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,628/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
26.5 min
2% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
7.1%

Commute Mode

Drove alone
81.0%
Carpooled
8.8%
Walked
0.4%
Bicycle
0.7%
Work from home
7.1%

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
$48,489
35% below avg
Per Capita Income
$25,018
Unemployment Rate
9.2%
91% above avg
Poverty Rate
20.1%
Labor Force Participation
41.6%

🎓 Education

Bachelor's degree+ 7.6%
Graduate degree 2.6%

👥 Demographics

Median Age 51
Male median age 50.6
Female median age 51.3

💨 Air Quality

EPA AQS 2023 — county-level monitoring data

Median AQI 45 — Good
65.2%
Good air days/yr
118
Max AQI recorded
353
PM2.5 days
0
Ozone days

Frequently Asked Questions

What is the cost of living in Homosassa Springs, FL?

Homosassa Springs has a cost index of 60 (100 = national average). It is 40% below the national average.

What is average rent in Homosassa Springs, FL?

The median gross rent in Homosassa Springs is $1,014 per month based on 2023 Census data.

What is the average home price in Homosassa Springs?

The median home value in Homosassa Springs is $146,600 according to 2023 Census ACS data.

What is the median income in Homosassa Springs?

The median household income in Homosassa Springs is $48,489 per year (2023 ACS 5-year estimates).

What is the sales tax in Homosassa Springs, FL?

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

Is Homosassa Springs, FL affordable?

Yes, Homosassa Springs is generally considered affordable, with a cost of living index of 60 — about 40% below the US national average of 100.

Homosassa Springs at a Glance

Population
15,465
Median Income
$48,489
Home Value
$146,600
Median Rent
$1,014/mo
Unemployment
9.2%
Sales Tax
7.0%
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Explore county-level cost of living data

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