Cost of Living in New Port Richey, FL

Population 17,057 · Florida · Data vintage 2023

68
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

At $46,160, median household incomes in New Port Richey land roughly 38% below the US median, a gap that tends to persist across local labor-market indicators. An unemployment rate of 2.8% points to a labor market well on the tight side of the national distribution.

New Port Richey sits roughly 20 miles north of Clearwater — close enough that regional housing and labor patterns are shaped largely by the larger market. Median home values run roughly 50% lower than Clearwater's $326,000.

Cost Overview

Housing 54
Rent 88

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

About the Cost of Living in New Port Richey

The median home value in New Port Richey is $164,600 — 46% below the national median of $305,000. Median rent runs $1,154/month, 12% lower than the national median of $1,314/month. The median household income of $46,160/year is 38% lower than the US median of $74,580. The local unemployment rate is 2.8%, below the national average of 4.8%. Florida charges no state income tax, a meaningful advantage for take-home pay. Overall, New Port Richey has a cost of living index of 68 versus the US average of 100, meaning it is 32% less expensive.

🏠 Housing

Median Home Value
$164,600
46% below avg
Zillow Home Value
$288,330
Zillow ZHVI
Median Rent
$1,154/mo
12% below avg
Zillow Rent
$1,799/mo
Zillow ZORI
Price-to-Rent Ratio
11.9x
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 57.5%
Renter-occupied 42.5%

💰 Estimated Monthly Budget

Rent median rent
$1,154
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,768/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
30.6 min
13% above avg
Gas Price
$3.145/gal
0% below avg
Work From Home
11.3%

Commute Mode

Drove alone
71.5%
Carpooled
8.7%
Public transit
0.2%
Walked
1.6%
Bicycle
1.3%
Work from home
11.3%

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
$46,160
38% below avg
Per Capita Income
$30,476
Unemployment Rate
2.8%
41% below avg
Poverty Rate
12.7%
Labor Force Participation
48.0%

🎓 Education

Bachelor's degree+ 10.7%
Graduate degree 5.0%

👥 Demographics

Median Age 53.5
Male median age 51.6
Female median age 55.7

💨 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 New Port Richey, FL?

New Port Richey has a cost index of 68 (100 = national average). It is 32% below the national average.

What is average rent in New Port Richey, FL?

The median gross rent in New Port Richey is $1,154 per month based on 2023 Census data.

What is the average home price in New Port Richey?

The median home value in New Port Richey is $164,600 according to Zillow and Census data.

What is the median income in New Port Richey?

The median household income in New Port Richey is $46,160 per year (2023 ACS 5-year estimates).

What is the sales tax in New Port Richey, FL?

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

Is New Port Richey, FL affordable?

Yes, New Port Richey is generally considered affordable, with a cost of living index of 68 — about 32% below the US national average of 100.

New Port Richey at a Glance

Population
17,057
Median Income
$46,160
Home Value
$164,600
Median Rent
$1,154/mo
Unemployment
2.8%
Sales Tax
7.0%
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Explore county-level cost of living data

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