Cost of Living in Wildwood, FL

Population 16,739 · Florida · Data vintage 2023

131
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Wildwood skews considerably older than the national median, with an average age of 62. Reported household income of $71,858 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.

Wildwood is about 40 miles northeast of Spring Hill, the nearest large metro — close enough that regional housing and labor patterns are shaped largely by the larger market. Median home values run roughly 69% higher than Spring Hill's $248,000.

Cost Overview

Housing 138
Rent 120

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

About the Cost of Living in Wildwood

The median home value in Wildwood is $419,700 — 38% above the national median of $305,000. Median rent runs $1,578/month, 20% higher than the national median of $1,314/month. The median household income of $71,858/year is 4% 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, Wildwood has a cost of living index of 131 versus the US average of 100, meaning it is 31% more expensive.

🏠 Housing

Median Home Value
$419,700
38% above avg
Zillow Home Value
$291,769
Zillow ZHVI
Median Rent
$1,578/mo
20% above avg
Zillow Rent
$1,570/mo
Zillow ZORI
Price-to-Rent Ratio
22.2x
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 73.9%
Renter-occupied 26.1%

💰 Estimated Monthly Budget

Rent median rent
$1,578
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $2,192/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
24.7 min
9% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
13.5%

Commute Mode

Drove alone
67.6%
Carpooled
14.7%
Walked
0.9%
Work from home
13.5%

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
$71,858
4% below avg
Per Capita Income
$49,348
Unemployment Rate
7.9%
65% above avg
Poverty Rate
13.3%
Labor Force Participation
38.6%

🎓 Education

Bachelor's degree+ 24.3%
Graduate degree 13.7%

👥 Demographics

Median Age 62.2
Male median age 62.7
Female median age 61.7

Frequently Asked Questions

What is the cost of living in Wildwood, FL?

Wildwood has a cost index of 131 (100 = national average). It is 31% above the national average.

What is average rent in Wildwood, FL?

The median gross rent in Wildwood is $1,578 per month based on 2023 Census data.

What is the average home price in Wildwood?

The median home value in Wildwood is $419,700 according to Zillow and Census data.

What is the median income in Wildwood?

The median household income in Wildwood is $71,858 per year (2023 ACS 5-year estimates).

What is the sales tax in Wildwood, FL?

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

Is Wildwood, FL affordable?

Wildwood is above average in cost of living, with an index of 131 — about 31% higher than the national average.

Wildwood at a Glance

Population
16,739
Median Income
$71,858
Home Value
$419,700
Median Rent
$1,578/mo
Unemployment
7.9%
Sales Tax
7.0%
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