Cost of Living in Davenport, FL

With a cost of living index of 146, Davenport, FL is one of the most expensive cities in the United States. Living here is 46% more expensive than the national average and 36% above the Florida state average of 110. Davenport is a smaller community of 11,660 residents, where everyday costs can differ substantially from nearby larger cities.

Housing costs are the biggest factor in Davenport's cost of living. The median monthly rent is $2,875 (118% above the US median of $1,319), and the median home value sits at $297,000 (3% below the national median of $304,900). At current prices, the median home costs roughly 4.6x the median household income — a stretch for many buyers, though not uncommon in today's market.

The median household income in Davenport is $65,157, which is 13% lower than the national median of $75,149. Residents spend roughly 53% of household income on rent. This is well above the 30% affordability threshold, indicating a significant housing cost burden for many residents.

Everyday prices in the Lakeland-Winter Haven, FL (Metropolitan Statistical Area) metro area are generally below the national average. Out of 6 common items tracked by the Bureau of Labor Statistics, 6 are priced lower than the US average. These real-world prices — from groceries to electricity — add up and should be factored into any cost of living comparison.

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.