Cost of Living in Altha, FL

With a cost of living index of 72, Altha, FL is one of the most affordable cities in the country. Living here is 28% cheaper than the national average and 38% below the Florida state average of 110. Altha is a small community of 567 residents.

Housing costs are the biggest factor in Altha's cost of living. The median monthly rent is $956 (28% below the US median of $1,319), and the median home value sits at $85,300 (72% below the national median of $304,900). At current prices, the median home costs roughly 2.6x the median household income — well within traditional affordability guidelines.

The median household income in Altha is $32,898, which is 56% lower than the national median of $75,149. Residents spend roughly 35% of household income on rent. This exceeds the recommended 30% threshold, meaning many renters here are cost-burdened. Lower incomes here are balanced by the significantly lower cost of living, stretching each dollar further.

Data sources: US Census Bureau (ACS 2023), Zillow Home Values, HUD Fair Market Rents, BEA Regional Price Parities, BLS Average Prices, and NOAA Climate Normals. Updated monthly.