Cost of Living in South Patrick Shores, FL

Population 6,726 · Florida · Data vintage 2023

129
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 South Patrick Shores a small-town character that shows up in every data point below — from the commute patterns to the rental inventory. A typical home runs $411,000. The labor market has been unusually tight, with unemployment around 2.8% — below most comparable cities in the state.

Located 15 miles north of Palm Bay, South Patrick Shores falls within that metro's commuting orbit. Median home values run roughly 66% higher than Palm Bay's $248,000.

Cost Overview

Housing 135
Rent 121

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

About the Cost of Living in South Patrick Shores

The median home value in South Patrick Shores is $410,800 — 35% above the national median of $305,000. Median rent runs $1,586/month, 21% higher than the national median of $1,314/month. The median household income of $86,048/year is 15% higher than the US median of $74,580. The local unemployment rate is 2.8%, below the national average of 4.8%. Florida charges no state income tax, a meaningful advantage for take-home pay. Overall, South Patrick Shores has a cost of living index of 129 versus the US average of 100, meaning it is 29% more expensive.

🏠 Housing

Median Home Value
$410,800
35% above avg
Median Rent
$1,586/mo
21% above avg
Price-to-Rent Ratio
21.6x
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 87.7%
Renter-occupied 12.3%

💰 Estimated Monthly Budget

Rent median rent
$1,586
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $2,200/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
25.6 min
5% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
12.1%

Commute Mode

Drove alone
74.8%
Carpooled
6.4%
Walked
2.3%
Bicycle
4.4%
Work from home
12.1%

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
$86,048
15% above avg
Per Capita Income
$53,600
Unemployment Rate
2.8%
41% below avg
Poverty Rate
3.5%
Labor Force Participation
59.9%

🎓 Education

Bachelor's degree+ 22.7%
Graduate degree 22.0%

👥 Demographics

Median Age 51.4
Male median age 45.3
Female median age 55.4

💨 Air Quality

EPA AQS 2023 — county-level monitoring data

Median AQI 43 — Good
76.4%
Good air days/yr
130
Max AQI recorded
143
PM2.5 days
222
Ozone days

Frequently Asked Questions

What is the cost of living in South Patrick Shores, FL?

South Patrick Shores has a cost index of 129 (100 = national average). It is 29% above the national average.

What is average rent in South Patrick Shores, FL?

The median gross rent in South Patrick Shores is $1,586 per month based on 2023 Census data.

What is the average home price in South Patrick Shores?

The median home value in South Patrick Shores is $410,800 according to 2023 Census ACS data.

What is the median income in South Patrick Shores?

The median household income in South Patrick Shores is $86,048 per year (2023 ACS 5-year estimates).

What is the sales tax in South Patrick Shores, FL?

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

Is South Patrick Shores, FL affordable?

South Patrick Shores is above average in cost of living, with an index of 129 — about 29% higher than the national average.

South Patrick Shores at a Glance

Population
6,726
Median Income
$86,048
Home Value
$410,800
Median Rent
$1,586/mo
Unemployment
2.8%
Sales Tax
7.0%
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Explore county-level cost of living data

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