Cost of Living in Warm Mineral Springs, FL

Population 4,756 · Florida · Data vintage 2023

68
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Warm Mineral Springs skews considerably older than the national median, with an average age of 72. Reported household income of $51,419 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.

Located 35 miles northwest of Cape Coral, Warm Mineral Springs falls within that metro's commuting orbit. Median home values run roughly 46% lower than Cape Coral's $339,000.

Cost Overview

Housing 60
Rent 81

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

About the Cost of Living in Warm Mineral Springs

The median home value in Warm Mineral Springs is $181,900 — 40% below the national median of $305,000. Median rent runs $1,063/month, 19% lower than the national median of $1,314/month. The median household income of $51,419/year is 31% lower than the US median of $74,580. The local unemployment rate is 4.4%, below the national average of 4.8%. Florida charges no state income tax, a meaningful advantage for take-home pay. Overall, Warm Mineral Springs has a cost of living index of 68 versus the US average of 100, meaning it is 32% less expensive.

🏠 Housing

Median Home Value
$181,900
40% below avg
Median Rent
$1,063/mo
19% below avg
Price-to-Rent Ratio
14.3x
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 86.8%
Renter-occupied 13.2%

💰 Estimated Monthly Budget

Rent median rent
$1,063
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,677/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
27.9 min
3% above avg
Gas Price
$3.145/gal
0% below avg
Work From Home
3.3%

Commute Mode

Drove alone
76.0%
Carpooled
11.6%
Bicycle
6.4%
Work from home
3.3%

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
$51,419
31% below avg
Per Capita Income
$36,703
Unemployment Rate
4.4%
8% below avg
Poverty Rate
12.8%
Labor Force Participation
17.4%

🎓 Education

Bachelor's degree+ 9.6%
Graduate degree 11.4%

👥 Demographics

Median Age 71.8
Male median age 72.1
Female median age 71.5

💨 Air Quality

EPA AQS 2023 — county-level monitoring data

Median AQI 47 — Good
63.6%
Good air days/yr
143
Max AQI recorded
224
PM2.5 days
141
Ozone days

Frequently Asked Questions

What is the cost of living in Warm Mineral Springs, FL?

Warm Mineral Springs has a cost index of 68 (100 = national average). It is 32% below the national average.

What is average rent in Warm Mineral Springs, FL?

The median gross rent in Warm Mineral Springs is $1,063 per month based on 2023 Census data.

What is the average home price in Warm Mineral Springs?

The median home value in Warm Mineral Springs is $181,900 according to 2023 Census ACS data.

What is the median income in Warm Mineral Springs?

The median household income in Warm Mineral Springs is $51,419 per year (2023 ACS 5-year estimates).

What is the sales tax in Warm Mineral Springs, FL?

The combined state and local sales tax rate in Warm Mineral Springs is 7.0%. Florida has no state income tax.

Is Warm Mineral Springs, FL affordable?

Yes, Warm Mineral Springs is generally considered affordable, with a cost of living index of 68 — about 32% below the US national average of 100.

Warm Mineral Springs at a Glance

Population
4,756
Median Income
$51,419
Home Value
$181,900
Median Rent
$1,063/mo
Unemployment
4.4%
Sales Tax
7.0%
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Explore county-level cost of living data

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