Cost of Living in Sugarmill Woods, FL

Population 10,871 · Florida · Data vintage 2023

93
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

The median resident in Sugarmill Woods is 66 years old, well past the national midpoint, giving the city the retail and service mix of a retirement-dominant market. Household-income figures here read differently than in working-age cities: retirement and investment income weigh heavily in the totals.

Geographically, Sugarmill Woods sits roughly 20 miles north of Spring Hill. Median home values run roughly 16% higher than Spring Hill's $248,000.

Cost Overview

Housing 95
Rent 91

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

About the Cost of Living in Sugarmill Woods

The median home value in Sugarmill Woods is $289,100 — 5% below the national median of $305,000. Median rent runs $1,200/month, 9% lower than the national median of $1,314/month. The median household income of $69,831/year is 6% 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, Sugarmill Woods has a cost of living index of 93 versus the US average of 100, meaning it is 7% less expensive.

🏠 Housing

Median Home Value
$289,100
5% below avg
Median Rent
$1,200/mo
9% below avg
Price-to-Rent Ratio
20.1x
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 95.9%
Renter-occupied 4.1%

💰 Estimated Monthly Budget

Rent median rent
$1,200
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,814/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
31.7 min
17% above avg
Gas Price
$3.145/gal
0% below avg
Work From Home
18.8%

Commute Mode

Drove alone
70.7%
Carpooled
8.4%
Bicycle
0.7%
Work from home
18.8%

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
$69,831
6% below avg
Per Capita Income
$43,225
Unemployment Rate
3.8%
22% below avg
Poverty Rate
9.0%
Labor Force Participation
30.9%

🎓 Education

Bachelor's degree+ 14.5%
Graduate degree 11.6%

👥 Demographics

Median Age 66
Male median age 66.4
Female median age 65.7

💨 Air Quality

EPA AQS 2023 — county-level monitoring data

Median AQI 45 — Good
65.2%
Good air days/yr
118
Max AQI recorded
353
PM2.5 days
0
Ozone days

Frequently Asked Questions

What is the cost of living in Sugarmill Woods, FL?

Sugarmill Woods has a cost index of 93 (100 = national average). It is 7% below the national average.

What is average rent in Sugarmill Woods, FL?

The median gross rent in Sugarmill Woods is $1,200 per month based on 2023 Census data.

What is the average home price in Sugarmill Woods?

The median home value in Sugarmill Woods is $289,100 according to 2023 Census ACS data.

What is the median income in Sugarmill Woods?

The median household income in Sugarmill Woods is $69,831 per year (2023 ACS 5-year estimates).

What is the sales tax in Sugarmill Woods, FL?

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

Is Sugarmill Woods, FL affordable?

Sugarmill Woods is near the national average in terms of cost of living, with an index of 93 (100 = US average).

Sugarmill Woods at a Glance

Population
10,871
Median Income
$69,831
Home Value
$289,100
Median Rent
$1,200/mo
Unemployment
3.8%
Sales Tax
7.0%
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