Cost of Living in Crescent City, FL

With a cost of living index of 75, Crescent City, FL is a very affordable place to live. Living here is 25% cheaper than the national average and 35% below the Florida state average of 110. Crescent City is a small community of 1,856 residents.

Housing costs are the biggest factor in Crescent City's cost of living. The median monthly rent is $788 (40% below the US median of $1,319), and the median home value sits at $187,500 (39% below the national median of $304,900). At current prices, the median home costs roughly 5.8x the median household income — a stretch for many buyers, though not uncommon in today's market.

The median household income in Crescent City is $32,357, which is 57% lower than the national median of $75,149. Residents spend roughly 29% of household income on rent. This is near the 30% threshold that financial experts generally consider the upper limit of affordability. 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.