Cost of Living in Mims, FL

Population 7,282 · Florida · Data vintage 2023

73
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

With a median age of 56, Mims functions largely as a retirement market. Housing costs — $236,000 for a typical home — anchor most household budgets, and the state's treatment of pension income tends to matter more than wage-driven tax comparisons.

Geographically, Mims is about 30 miles northeast of Orlando, the nearest large metro. Median home values run roughly 34% lower than Orlando's $359,000.

Cost Overview

Housing 77
Rent 67

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

About the Cost of Living in Mims

The median home value in Mims is $235,600 — 23% below the national median of $305,000. Median rent runs $874/month, 33% lower than the national median of $1,314/month. The median household income of $57,232/year is 23% lower than the US median of $74,580. The local unemployment rate is 5.1%, above the national average of 4.8%. Florida charges no state income tax, a meaningful advantage for take-home pay. The climate averages highs of 80.2°F and lows of 62.9°F. Overall, Mims has a cost of living index of 73 versus the US average of 100, meaning it is 27% less expensive.

🏠 Housing

Median Home Value
$235,600
23% below avg
Zillow Home Value
$384,727
Zillow ZHVI
Median Rent
$874/mo
33% below avg
Price-to-Rent Ratio
22.5x
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 91.1%
Renter-occupied 8.9%

💰 Estimated Monthly Budget

Rent median rent
$874
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,488/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
28.5 min
6% above avg
Gas Price
$3.145/gal
0% below avg
Work From Home
4.9%

Commute Mode

Drove alone
81.1%
Carpooled
10.6%
Walked
1.8%
Bicycle
0.2%
Work from home
4.9%

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
$57,232
23% below avg
Per Capita Income
$39,248
Unemployment Rate
5.1%
6% above avg
Poverty Rate
10.0%
Labor Force Participation
40.9%

🎓 Education

Bachelor's degree+ 11.1%
Graduate degree 5.7%

👥 Demographics

Median Age 56.1
Male median age 53.6
Female median age 58.3

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High
80.2°F
Avg Low
62.9°F
Annual Precip
48.6"
50° 60° 70° 80° 90° JFMAMJJASOND High Low Precip
Month JanFebMarAprMayJunJulAugSepOctNovDec
High °F 707375808487898987827672
Low °F 505256606671737472676055
Precip" 2.282.363.252.012.916.905.766.017.205.212.502.20

💨 Air Quality

EPA AQS 2023 — county-level monitoring data

Median AQI 43 — Good
76.4%
Good air days/yr
130
Max AQI recorded
143
PM2.5 days
222
Ozone days

Frequently Asked Questions

What is the cost of living in Mims, FL?

Mims has a cost index of 73 (100 = national average). It is 27% below the national average.

What is average rent in Mims, FL?

The median gross rent in Mims is $874 per month based on 2023 Census data.

What is the average home price in Mims?

The median home value in Mims is $235,600 according to Zillow and Census data.

What is the median income in Mims?

The median household income in Mims is $57,232 per year (2023 ACS 5-year estimates).

What is the sales tax in Mims, FL?

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

Is Mims, FL affordable?

Yes, Mims is generally considered affordable, with a cost of living index of 73 — about 27% below the US national average of 100.

What is the weather like in Mims?

Mims has average high temperatures of 80.2°F and average lows of 62.9°F. Annual precipitation is 48.6". Data from NOAA 1991–2020 Climate Normals.

Mims at a Glance

Population
7,282
Median Income
$57,232
Home Value
$235,600
Median Rent
$874/mo
Unemployment
5.1%
Avg High Temp
80.2°F
Sales Tax
7.0%
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Explore county-level cost of living data

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