Cost of Living in Shady Hills, FL

Population 12,012 · Florida · Data vintage 2023

76
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Under 25,000 residents gives Shady Hills a small-town character that shows up in every data point below — from the commute patterns to the rental inventory. A typical home runs $226,000.

Located 5 miles south of Spring Hill, Shady Hills falls within that metro's commuting orbit. Median home values run roughly 9% lower than Spring Hill's $248,000.

Cost Overview

Housing 74
Rent 80

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

About the Cost of Living in Shady Hills

The median home value in Shady Hills is $225,600 — 26% below the national median of $305,000. Median rent runs $1,054/month, 20% lower than the national median of $1,314/month. The median household income of $63,250/year is 15% lower than the US median of $74,580. The local unemployment rate is 4.1%, below the national average of 4.8%. Florida charges no state income tax, a meaningful advantage for take-home pay. Overall, Shady Hills has a cost of living index of 76 versus the US average of 100, meaning it is 24% less expensive.

🏠 Housing

Median Home Value
$225,600
26% below avg
Median Rent
$1,054/mo
20% below avg
Price-to-Rent Ratio
17.8x
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 84.6%
Renter-occupied 15.4%

💰 Estimated Monthly Budget

Rent median rent
$1,054
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,668/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
37.4 min
39% above avg
Gas Price
$3.145/gal
0% below avg
Work From Home
12.9%

Commute Mode

Drove alone
71.7%
Carpooled
10.7%
Walked
0.6%
Bicycle
0.6%
Work from home
12.9%

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
$63,250
15% below avg
Per Capita Income
$31,859
Unemployment Rate
4.1%
14% below avg
Poverty Rate
12.6%
Labor Force Participation
53.6%

🎓 Education

Bachelor's degree+ 10.5%
Graduate degree 4.6%

👥 Demographics

Median Age 44.4
Male median age 40
Female median age 47.9

💨 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 Shady Hills, FL?

Shady Hills has a cost index of 76 (100 = national average). It is 24% below the national average.

What is average rent in Shady Hills, FL?

The median gross rent in Shady Hills is $1,054 per month based on 2023 Census data.

What is the average home price in Shady Hills?

The median home value in Shady Hills is $225,600 according to 2023 Census ACS data.

What is the median income in Shady Hills?

The median household income in Shady Hills is $63,250 per year (2023 ACS 5-year estimates).

What is the sales tax in Shady Hills, FL?

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

Is Shady Hills, FL affordable?

Yes, Shady Hills is generally considered affordable, with a cost of living index of 76 — about 24% below the US national average of 100.

Shady Hills at a Glance

Population
12,012
Median Income
$63,250
Home Value
$225,600
Median Rent
$1,054/mo
Unemployment
4.1%
Sales Tax
7.0%
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Explore county-level cost of living data

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