Cost of Living in Mulberry, FL

Population 4,070 · Florida · Data vintage 2023

43
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Mulberry skews considerably older than the national median, with an average age of 57. Reported household income of $54,035 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. An unemployment rate of 1.3% points to a labor market well on the tight side of the national distribution.

Geographically, Mulberry sits roughly 11 miles south of Lakeland. Median home values run roughly 67% lower than Lakeland's $229,000.

Cost Overview

Housing 25
Rent 70

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

About the Cost of Living in Mulberry

The median home value in Mulberry is $75,600 — 75% 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 $54,035/year is 28% lower than the US median of $74,580. The local unemployment rate is 1.3%, below the national average of 4.8%. Florida charges no state income tax, a meaningful advantage for take-home pay. Overall, Mulberry has a cost of living index of 43 versus the US average of 100, meaning it is 57% less expensive.

🏠 Housing

Median Home Value
$75,600
75% below avg
Zillow Home Value
$286,220
Zillow ZHVI
Median Rent
$922/mo
30% below avg
Zillow Rent
$1,834/mo
Zillow ZORI
Price-to-Rent Ratio
6.8x
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 78.3%
Renter-occupied 21.8%

💰 Estimated Monthly Budget

Rent median rent
$922
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,536/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
29.7 min
10% above avg
Gas Price
$3.145/gal
0% below avg
Work From Home
23.8%

Commute Mode

Drove alone
74.4%
Walked
1.8%
Work from home
23.8%

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
$54,035
28% below avg
Per Capita Income
$24,613
Unemployment Rate
1.3%
74% below avg
Poverty Rate
18.9%
Labor Force Participation
46.2%

🎓 Education

Bachelor's degree+ 7.7%
Graduate degree 10.5%

👥 Demographics

Median Age 57.1
Male median age 58.8
Female median age 52.3

💨 Air Quality

EPA AQS 2023 — county-level monitoring data

Median AQI 42 — Good
75.3%
Good air days/yr
101
Max AQI recorded
145
PM2.5 days
220
Ozone days

Frequently Asked Questions

What is the cost of living in Mulberry, FL?

Mulberry has a cost index of 43 (100 = national average). It is 57% below the national average.

What is average rent in Mulberry, FL?

The median gross rent in Mulberry is $922 per month based on 2023 Census data.

What is the average home price in Mulberry?

The median home value in Mulberry is $75,600 according to Zillow and Census data.

What is the median income in Mulberry?

The median household income in Mulberry is $54,035 per year (2023 ACS 5-year estimates).

What is the sales tax in Mulberry, FL?

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

Is Mulberry, FL affordable?

Yes, Mulberry is generally considered affordable, with a cost of living index of 43 — about 57% below the US national average of 100.

Mulberry at a Glance

Population
4,070
Median Income
$54,035
Home Value
$75,600
Median Rent
$922/mo
Unemployment
1.3%
Sales Tax
7.0%
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