Cost of Living in Spring Hill, FL

Population 118,814 · Florida · Data vintage 2023

Cost Index
(100 = US avg)

Page updated: April 2026 · Data vintage: 2023 ACS 5-Year

Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

The Spring Hill cost-of-living profile is closer to the US median than most headline-grabbing metros — typical homes around $248,000, rents near $1,301 a month. At 6.1%, the local unemployment rate runs well above the US figure, pointing to structural rather than cyclical labor-market issues.

Cost Overview

Housing 81

Rent 99

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

About the Cost of Living in Spring Hill

The median home value in Spring Hill is $248,400 — 19% below the national median of $305,000. Median rent runs $1,301/month, 1% lower than the national median of $1,314/month. The median household income of $66,557/year is 11% lower than the US median of $74,580. The local unemployment rate is 6.1%, above the national average of 4.8%. Florida charges no state income tax, a meaningful advantage for take-home pay. Overall, Spring Hill has a cost of living index of 88 versus the US average of 100, meaning it is 12% less expensive.

🏠 Housing

Median Home Value

$248,400

19% below avg

Zillow Home Value

$305,325

Zillow ZHVI

Median Rent

$1,301/mo

1% below avg

Zillow Rent

$1,907/mo

Zillow ZORI

Price-to-Rent Ratio

15.9x

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 79.9%

Renter-occupied 20.1%

💰 Estimated Monthly Budget

Rent median rent

$1,301

Groceries national estimate

$400

Utilities local estimate

$88

Transportation local gas prices

$126

Estimated Total $1,915/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

32.3 min

20% above avg

Gas Price

$3.145/gal

0% below avg

Work From Home

12.3%

Commute Mode

Drove alone

74.7%

Carpooled

9.5%

Public transit

0.3%

Walked

1.0%

Bicycle

0.3%

Work from home

12.3%

⚡ 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

$66,557

11% below avg

Per Capita Income

$31,736

Unemployment Rate

6.1%

27% above avg

Poverty Rate

11.5%

Labor Force Participation

53.9%

🎓 Education

Bachelor's degree+ 13.5%

Graduate degree 6.2%

👥 Demographics

Median Age 43.3

Male median age 42.2

Female median age 44.3

Frequently Asked Questions

What is the cost of living in Spring Hill, FL?

Spring Hill has a cost index of 88 (100 = national average). It is 12% below the national average.

What is average rent in Spring Hill, FL?

The median gross rent in Spring Hill is $1,301 per month based on 2023 Census data.

What is the average home price in Spring Hill?

The median home value in Spring Hill is $248,400 according to Zillow and Census data.

What is the median income in Spring Hill?

The median household income in Spring Hill is $66,557 per year (2023 ACS 5-year estimates).

What is the sales tax in Spring Hill, FL?

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

Is Spring Hill, FL affordable?

Yes, Spring Hill is generally considered affordable, with a cost of living index of 88 — about 12% below the US national average of 100.

Spring Hill at a Glance

Population: 118,814
Median Income: $66,557
Home Value: $248,400
Median Rent: $1,301/mo
Unemployment: 6.1%
Sales Tax: 7.0%

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