Cost of Living in Oviedo, FL

Population 39,990 · Florida · Data vintage 2023

144
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

The Oviedo cost-of-living profile is closer to the US median than most headline-grabbing metros — typical homes around $429,000, rents near $1,963 a month.

Geographically, Oviedo sits roughly 20 miles north of Orlando. Median home values run roughly 19% higher than Orlando's $359,000.

Cost Overview

Housing 140
Rent 149

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

About the Cost of Living in Oviedo

The median home value in Oviedo is $428,500 — 40% above the national median of $305,000. Median rent runs $1,963/month, 49% higher than the national median of $1,314/month. The median household income of $114,092/year is 53% higher than the US median of $74,580. The local unemployment rate is 4.6%, below the national average of 4.8%. Florida charges no state income tax, a meaningful advantage for take-home pay. Overall, Oviedo has a cost of living index of 144 versus the US average of 100, meaning it is 44% more expensive.

🏠 Housing

Median Home Value
$428,500
40% above avg
Zillow Home Value
$501,225
Zillow ZHVI
Median Rent
$1,963/mo
49% above avg
Zillow Rent
$2,036/mo
Zillow ZORI
Price-to-Rent Ratio
18.2x
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 77.2%
Renter-occupied 22.8%

💰 Estimated Monthly Budget

Rent median rent
$1,963
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $2,577/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
29.4 min
9% above avg
Gas Price
$3.145/gal
0% below avg
Work From Home
24.0%

Commute Mode

Drove alone
65.8%
Carpooled
7.9%
Walked
0.8%
Bicycle
0.6%
Work from home
24.0%

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
$114,092
53% above avg
Per Capita Income
$47,326
Unemployment Rate
4.6%
5% below avg
Poverty Rate
5.4%
Labor Force Participation
69.0%

🎓 Education

Bachelor's degree+ 36.2%
Graduate degree 19.6%

👥 Demographics

Median Age 37.2
Male median age 36.1
Female median age 38

💨 Air Quality

EPA AQS 2023 — county-level monitoring data

Median AQI 40 — Good
82.1%
Good air days/yr
106
Max AQI recorded
150
PM2.5 days
213
Ozone days

Frequently Asked Questions

What is the cost of living in Oviedo, FL?

Oviedo has a cost index of 144 (100 = national average). It is 44% above the national average.

What is average rent in Oviedo, FL?

The median gross rent in Oviedo is $1,963 per month based on 2023 Census data.

What is the average home price in Oviedo?

The median home value in Oviedo is $428,500 according to Zillow and Census data.

What is the median income in Oviedo?

The median household income in Oviedo is $114,092 per year (2023 ACS 5-year estimates).

What is the sales tax in Oviedo, FL?

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

Is Oviedo, FL affordable?

Oviedo is above average in cost of living, with an index of 144 — about 44% higher than the national average.

Oviedo at a Glance

Population
39,990
Median Income
$114,092
Home Value
$428,500
Median Rent
$1,963/mo
Unemployment
4.6%
Sales Tax
7.0%
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Explore county-level cost of living data

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