Cost of Living in Wedgefield, FL

Population 8,556 · Florida · Data vintage 2023

138
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 Wedgefield a small-town character that shows up in every data point below — from the commute patterns to the rental inventory. A typical home runs $419,000. An unemployment rate of 1.6% points to a labor market well on the tight side of the national distribution.

Wedgefield sits roughly 12 miles northeast of Orlando — close enough that regional housing and labor patterns are shaped largely by the larger market. Median home values run roughly 17% higher than Orlando's $359,000.

Cost Overview

Housing 137
Rent 139

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

About the Cost of Living in Wedgefield

The median home value in Wedgefield is $419,100 — 37% above the national median of $305,000. Median rent runs $1,833/month, 39% higher than the national median of $1,314/month. The median household income of $120,440/year is 61% higher than the US median of $74,580. The local unemployment rate is 1.6%, below the national average of 4.8%. Florida charges no state income tax, a meaningful advantage for take-home pay. Overall, Wedgefield has a cost of living index of 138 versus the US average of 100, meaning it is 38% more expensive.

🏠 Housing

Median Home Value
$419,100
37% above avg
Zillow Home Value
$201,710
Zillow ZHVI
Median Rent
$1,833/mo
39% above avg
Zillow Rent
$2,300/mo
Zillow ZORI
Price-to-Rent Ratio
19.1x
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 92.3%
Renter-occupied 7.7%

💰 Estimated Monthly Budget

Rent median rent
$1,833
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $2,447/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
43.5 min
61% above avg
Gas Price
$3.145/gal
0% below avg
Work From Home
20.1%

Commute Mode

Drove alone
69.3%
Carpooled
9.7%
Bicycle
0.3%
Work from home
20.1%

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
$120,440
61% above avg
Per Capita Income
$41,297
Unemployment Rate
1.6%
67% below avg
Poverty Rate
4.3%
Labor Force Participation
60.1%

🎓 Education

Bachelor's degree+ 26.3%
Graduate degree 11.2%

👥 Demographics

Median Age 42.7
Male median age 44.6
Female median age 40.7

💨 Air Quality

EPA AQS 2023 — county-level monitoring data

Median AQI 43 — Good
73.2%
Good air days/yr
115
Max AQI recorded
167
PM2.5 days
196
Ozone days

Frequently Asked Questions

What is the cost of living in Wedgefield, FL?

Wedgefield has a cost index of 138 (100 = national average). It is 38% above the national average.

What is average rent in Wedgefield, FL?

The median gross rent in Wedgefield is $1,833 per month based on 2023 Census data.

What is the average home price in Wedgefield?

The median home value in Wedgefield is $419,100 according to Zillow and Census data.

What is the median income in Wedgefield?

The median household income in Wedgefield is $120,440 per year (2023 ACS 5-year estimates).

What is the sales tax in Wedgefield, FL?

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

Is Wedgefield, FL affordable?

Wedgefield is above average in cost of living, with an index of 138 — about 38% higher than the national average.

Wedgefield at a Glance

Population
8,556
Median Income
$120,440
Home Value
$419,100
Median Rent
$1,833/mo
Unemployment
1.6%
Sales Tax
7.0%
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Explore county-level cost of living data

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