Cost of Living in Timber Pines, FL

Population 4,790 · Florida · Data vintage 2023

84
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Timber Pines skews considerably older than the national median, with an average age of 76. Reported household income of $56,298 often reflects pension and investment income rather than wages, which makes the local tax picture — especially property tax treatment — a larger factor than in working-age cities. Unemployment has stayed elevated relative to the national figure — 7.9% as of the most recent ACS release — which shows up in household-income and poverty figures as well.

Located <5 miles west of Spring Hill, Timber Pines falls within that metro's commuting orbit. Housing prices track closely with Spring Hill's $248,000 median.

Cost Overview

Housing 83
Rent 87

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

About the Cost of Living in Timber Pines

The median home value in Timber Pines is $252,800 — 17% below the national median of $305,000. Median rent runs $1,139/month, 13% lower than the national median of $1,314/month. The median household income of $56,298/year is 25% lower than the US median of $74,580. The local unemployment rate is 7.9%, above the national average of 4.8%. Florida charges no state income tax, a meaningful advantage for take-home pay. Overall, Timber Pines has a cost of living index of 84 versus the US average of 100, meaning it is 16% less expensive.

🏠 Housing

Median Home Value
$252,800
17% below avg
Zillow Home Value
$243,568
Zillow ZHVI
Median Rent
$1,139/mo
13% below avg
Price-to-Rent Ratio
18.5x
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 91.3%
Renter-occupied 8.7%

💰 Estimated Monthly Budget

Rent median rent
$1,139
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,753/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
28.0 min
4% above avg
Gas Price
$3.145/gal
0% below avg
Work From Home
21.4%

Commute Mode

Drove alone
67.4%
Carpooled
11.3%
Work from home
21.4%

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
$56,298
25% below avg
Per Capita Income
$47,195
Unemployment Rate
7.9%
65% above avg
Poverty Rate
9.9%
Labor Force Participation
10.1%

🎓 Education

Bachelor's degree+ 20.4%
Graduate degree 13.1%

👥 Demographics

Median Age 76.4
Male median age 76.5
Female median age 76.3

Frequently Asked Questions

What is the cost of living in Timber Pines, FL?

Timber Pines has a cost index of 84 (100 = national average). It is 16% below the national average.

What is average rent in Timber Pines, FL?

The median gross rent in Timber Pines is $1,139 per month based on 2023 Census data.

What is the average home price in Timber Pines?

The median home value in Timber Pines is $252,800 according to Zillow and Census data.

What is the median income in Timber Pines?

The median household income in Timber Pines is $56,298 per year (2023 ACS 5-year estimates).

What is the sales tax in Timber Pines, FL?

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

Is Timber Pines, FL affordable?

Yes, Timber Pines is generally considered affordable, with a cost of living index of 84 — about 16% below the US national average of 100.

Timber Pines at a Glance

Population
4,790
Median Income
$56,298
Home Value
$252,800
Median Rent
$1,139/mo
Unemployment
7.9%
Sales Tax
7.0%
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