Cost of Living in Quincy, FL

Population 7,818 · Florida · Data vintage 2023

51
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Quincy's median household income of $34,126 is a meaningful share below the national figure, which shapes most of the downstream economic indicators — from housing affordability to the share of residents living below the poverty line (44% here). Rent burden runs high: typical rents of $1,022/month consume roughly 36% of median household income, past the 30% threshold most affordability frameworks flag as strained.

Located 20 miles west of Tallahassee, Quincy falls within that metro's commuting orbit. Median home values run roughly 63% lower than Tallahassee's $276,000.

Cost Overview

Housing 33
Rent 78

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

About the Cost of Living in Quincy

The median home value in Quincy is $101,700 — 67% below the national median of $305,000. Median rent runs $1,022/month, 22% lower than the national median of $1,314/month. The median household income of $34,126/year is 54% lower than the US median of $74,580. The local unemployment rate is 3.8%, below the national average of 4.8%. Florida charges no state income tax, a meaningful advantage for take-home pay. Overall, Quincy has a cost of living index of 51 versus the US average of 100, meaning it is 49% less expensive.

🏠 Housing

Median Home Value
$101,700
67% below avg
Zillow Home Value
$166,233
Zillow ZHVI
Median Rent
$1,022/mo
22% below avg
Price-to-Rent Ratio
8.3x
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 58.6%
Renter-occupied 41.4%

💰 Estimated Monthly Budget

Rent median rent
$1,022
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,636/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
30.9 min
14% above avg
Gas Price
$3.145/gal
0% below avg
Work From Home
5.5%

Commute Mode

Drove alone
75.0%
Carpooled
17.2%
Public transit
0.5%
Walked
0.6%
Work from home
5.5%

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
$34,126
54% below avg
Per Capita Income
$17,105
Unemployment Rate
3.8%
20% below avg
Poverty Rate
43.7%
Labor Force Participation
43.5%

🎓 Education

Bachelor's degree+ 8.5%
Graduate degree 5.8%

👥 Demographics

Median Age 34.4
Male median age 31.2
Female median age 36.5

🏫 Schools

NCES CCD 2019 — public school district data

77%
4-Year Graduation Rate
14.9:1
Student-teacher ratio
18
Public schools
5,187
Total enrollment

Frequently Asked Questions

What is the cost of living in Quincy, FL?

Quincy has a cost index of 51 (100 = national average). It is 49% below the national average.

What is average rent in Quincy, FL?

The median gross rent in Quincy is $1,022 per month based on 2023 Census data.

What is the average home price in Quincy?

The median home value in Quincy is $101,700 according to Zillow and Census data.

What is the median income in Quincy?

The median household income in Quincy is $34,126 per year (2023 ACS 5-year estimates).

What is the sales tax in Quincy, FL?

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

Is Quincy, FL affordable?

Yes, Quincy is generally considered affordable, with a cost of living index of 51 — about 49% below the US national average of 100.

Quincy at a Glance

Population
7,818
Median Income
$34,126
Home Value
$101,700
Median Rent
$1,022/mo
Unemployment
3.8%
Sales Tax
7.0%
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