Cost of Living in Okeechobee, FL
Population 5,376 · Florida · Data vintage 2023
(100 = US avg)
Okeechobee is a smaller Florida community of around 5000 residents, where median household incomes of $50,365 and housing costs ($187,000 for a typical home) give the local cost-of-living profile a distinctly small-town shape. Around 23% of residents live below the federal poverty line, a rate that tends to correlate with the income and housing figures above.
Okeechobee is about 25 miles west of Port St. Lucie, the nearest large metro — close enough that regional housing and labor patterns are shaped largely by the larger market. Median home values run roughly 43% lower than Port St. Lucie's $328,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Okeechobee
The median home value in Okeechobee is $187,400 — 39% below the national median of $305,000. Median rent runs $1,008/month, 23% lower than the national median of $1,314/month. The median household income of $50,365/year is 32% lower than the US median of $74,580. The local unemployment rate is 4.0%, below the national average of 4.8%. Florida charges no state income tax, a meaningful advantage for take-home pay. Overall, Okeechobee has a cost of living index of 68 versus the US average of 100, meaning it is 32% less expensive.
Okeechobee has limited residential data
Detailed housing and income data is limited for this location. Here are the nearest cities with full cost of living data:
🏠 Housing
HUD Fair Market Rents by Bedroom
💰 Estimated Monthly Budget
Estimates based on median data and national averages. Actual costs vary.
🛒 Food & Groceries
National BLS average prices (2023). Local prices may vary.
🚗 Transportation
Commute Mode
⚡ Utilities
📋 Taxes
💼 Income & Employment
🎓 Education
👥 Demographics
🏫 Schools
NCES CCD 2019 — public school district data
Frequently Asked Questions
What is the cost of living in Okeechobee, FL?
Okeechobee has a cost index of 68 (100 = national average). It is 32% below the national average.
What is average rent in Okeechobee, FL?
The median gross rent in Okeechobee is $1,008 per month based on 2023 Census data.
What is the average home price in Okeechobee?
The median home value in Okeechobee is $187,400 according to Zillow and Census data.
What is the median income in Okeechobee?
The median household income in Okeechobee is $50,365 per year (2023 ACS 5-year estimates).
What is the sales tax in Okeechobee, FL?
The combined state and local sales tax rate in Okeechobee is 7.0%. Florida has no state income tax.
Is Okeechobee, FL affordable?
Yes, Okeechobee is generally considered affordable, with a cost of living index of 68 — about 32% below the US national average of 100.
Okeechobee at a Glance
- Population
- 5,376
- Median Income
- $50,365
- Home Value
- $187,400
- Median Rent
- $1,008/mo
- Unemployment
- 4.0%
- Sales Tax
- 7.0%
Nearby Cities
Explore county-level cost of living data
Florida Rankings
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