Cost of Living in Port Richey, FL

Population 3,229 · Florida · Data vintage 2023

80
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

At $45,435, median household incomes in Port Richey land roughly 39% below the US median, a gap that tends to persist across local labor-market indicators. Unemployment has stayed elevated relative to the national figure — 7.4% as of the most recent ACS release — which shows up in household-income and poverty figures as well.

Located 20 miles southwest of Spring Hill, Port Richey falls within that metro's commuting orbit. Housing prices track closely with Spring Hill's $248,000 median.

Cost Overview

Housing 84
Rent 75

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

About the Cost of Living in Port Richey

The median home value in Port Richey is $256,500 — 16% below the national median of $305,000. Median rent runs $982/month, 25% lower than the national median of $1,314/month. The median household income of $45,435/year is 39% lower than the US median of $74,580. The local unemployment rate is 7.4%, above the national average of 4.8%. Florida charges no state income tax, a meaningful advantage for take-home pay. Overall, Port Richey has a cost of living index of 80 versus the US average of 100, meaning it is 20% less expensive.

🏠 Housing

Median Home Value
$256,500
16% below avg
Zillow Home Value
$225,690
Zillow ZHVI
Median Rent
$982/mo
25% below avg
Zillow Rent
$1,720/mo
Zillow ZORI
Price-to-Rent Ratio
21.8x
Favors renting
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 60.4%
Renter-occupied 39.6%

💰 Estimated Monthly Budget

Rent median rent
$982
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,596/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
31.5 min
17% above avg
Gas Price
$3.145/gal
0% below avg
Work From Home
23.5%

Commute Mode

Drove alone
58.4%
Carpooled
14.0%
Public transit
0.4%
Work from home
23.5%

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
$45,435
39% below avg
Per Capita Income
$45,096
Unemployment Rate
7.4%
53% above avg
Poverty Rate
17.8%
Labor Force Participation
47.8%

🎓 Education

Bachelor's degree+ 19.1%
Graduate degree 10.7%

👥 Demographics

Median Age 49.4
Male median age 49.1
Female median age 50.6

💨 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 Port Richey, FL?

Port Richey has a cost index of 80 (100 = national average). It is 20% below the national average.

What is average rent in Port Richey, FL?

The median gross rent in Port Richey is $982 per month based on 2023 Census data.

What is the average home price in Port Richey?

The median home value in Port Richey is $256,500 according to Zillow and Census data.

What is the median income in Port Richey?

The median household income in Port Richey is $45,435 per year (2023 ACS 5-year estimates).

What is the sales tax in Port Richey, FL?

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

Is Port Richey, FL affordable?

Yes, Port Richey is generally considered affordable, with a cost of living index of 80 — about 20% below the US national average of 100.