Cost of Living in On Top of the World, FL

Population 13,772 · 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

With a median age of 72, On Top of the World functions largely as a retirement market. Housing costs — $275,000 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, On Top of the World is about 40 miles south of Gainesville, the nearest large metro. Median home values run roughly 17% higher than Gainesville's $235,000.

Cost Overview

Housing 90
Rent 88

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

About the Cost of Living in On Top of the World

The median home value in On Top of the World is $275,000 — 10% below the national median of $305,000. Median rent runs $1,162/month, 12% lower than the national median of $1,314/month. The median household income of $57,765/year is 23% lower than the US median of $74,580. The local unemployment rate is 5.3%, above the national average of 4.8%. Florida charges no state income tax, a meaningful advantage for take-home pay. Overall, On Top of the World has a cost of living index of 89 versus the US average of 100, meaning it is 11% less expensive.

🏠 Housing

Median Home Value
$275,000
10% below avg
Median Rent
$1,162/mo
12% below avg
Price-to-Rent Ratio
19.7x
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 91.4%
Renter-occupied 8.6%

💰 Estimated Monthly Budget

Rent median rent
$1,162
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,776/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
27.2 min
1% above avg
Gas Price
$3.145/gal
0% below avg
Work From Home
24.5%

Commute Mode

Drove alone
71.3%
Carpooled
0.7%
Walked
0.9%
Work from home
24.5%

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
$57,765
23% below avg
Per Capita Income
$44,954
Unemployment Rate
5.3%
9% above avg
Poverty Rate
5.8%
Labor Force Participation
12.1%

🎓 Education

Bachelor's degree+ 22.6%
Graduate degree 15.7%

👥 Demographics

Median Age 72.3
Male median age 73.7
Female median age 71.6

💨 Air Quality

EPA AQS 2023 — county-level monitoring data

Median AQI 45 — Good
66%
Good air days/yr
99
Max AQI recorded
248
PM2.5 days
117
Ozone days

Frequently Asked Questions

What is the cost of living in On Top of the World, FL?

On Top of the World has a cost index of 89 (100 = national average). It is 11% below the national average.

What is average rent in On Top of the World, FL?

The median gross rent in On Top of the World is $1,162 per month based on 2023 Census data.

What is the average home price in On Top of the World?

The median home value in On Top of the World is $275,000 according to 2023 Census ACS data.

What is the median income in On Top of the World?

The median household income in On Top of the World is $57,765 per year (2023 ACS 5-year estimates).

What is the sales tax in On Top of the World, FL?

The combined state and local sales tax rate in On Top of the World is 7.0%. Florida has no state income tax.

Is On Top of the World, FL affordable?

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

On Top of the World at a Glance

Population
13,772
Median Income
$57,765
Home Value
$275,000
Median Rent
$1,162/mo
Unemployment
5.3%
Sales Tax
7.0%
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Explore county-level cost of living data

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