Cost of Living in Meadow Oaks, FL

Population 3,261 · Florida · Data vintage 2023

89
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Meadow Oaks is a smaller Florida community of around 3000 residents, where median household incomes of $57,944 and housing costs ($195,000 for a typical home) give the local cost-of-living profile a distinctly small-town shape. The labor market has been unusually tight, with unemployment around 0.7% — below most comparable cities in the state.

Geographically, Meadow Oaks sits roughly 10 miles southwest of Spring Hill. Median home values run roughly 22% lower than Spring Hill's $248,000.

Cost Overview

Housing 64
Rent 127

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

About the Cost of Living in Meadow Oaks

The median home value in Meadow Oaks is $194,500 — 36% below the national median of $305,000. Median rent runs $1,665/month, 27% higher than the national median of $1,314/month. The median household income of $57,944/year is 22% lower than the US median of $74,580. The local unemployment rate is 0.7%, below the national average of 4.8%. Florida charges no state income tax, a meaningful advantage for take-home pay. Overall, Meadow Oaks has a cost of living index of 89 versus the US average of 100, meaning it is 11% less expensive.

🏠 Housing

Median Home Value
$194,500
36% below avg
Median Rent
$1,665/mo
27% above avg
Price-to-Rent Ratio
9.7x
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 89.5%
Renter-occupied 10.5%

💰 Estimated Monthly Budget

Rent median rent
$1,665
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $2,279/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
33.8 min
25% above avg
Gas Price
$3.145/gal
0% below avg
Work From Home
21.2%

Commute Mode

Drove alone
70.5%
Carpooled
7.8%
Walked
0.4%
Work from home
21.2%

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
$57,944
22% below avg
Per Capita Income
$32,632
Unemployment Rate
0.7%
85% below avg
Poverty Rate
6.9%
Labor Force Participation
49.1%

🎓 Education

Bachelor's degree+ 13.4%
Graduate degree 4.2%

👥 Demographics

Median Age 54.3
Male median age 56.5
Female median age 53

💨 Air Quality

EPA AQS 2023 — county-level monitoring data

Median AQI 39 — Good
88.5%
Good air days/yr
97
Max AQI recorded
0
PM2.5 days
365
Ozone days

Frequently Asked Questions

What is the cost of living in Meadow Oaks, FL?

Meadow Oaks has a cost index of 89 (100 = national average). It is 11% below the national average.

What is average rent in Meadow Oaks, FL?

The median gross rent in Meadow Oaks is $1,665 per month based on 2023 Census data.

What is the average home price in Meadow Oaks?

The median home value in Meadow Oaks is $194,500 according to 2023 Census ACS data.

What is the median income in Meadow Oaks?

The median household income in Meadow Oaks is $57,944 per year (2023 ACS 5-year estimates).

What is the sales tax in Meadow Oaks, FL?

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

Is Meadow Oaks, FL affordable?

Yes, Meadow Oaks is generally considered affordable, with a cost of living index of 89 — about 11% below the US national average of 100.

Meadow Oaks at a Glance

Population
3,261
Median Income
$57,944
Home Value
$194,500
Median Rent
$1,665/mo
Unemployment
0.7%
Sales Tax
7.0%
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Explore county-level cost of living data

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