Cost of Living in Hobe Sound, FL

With a cost of living index of 98, Hobe Sound, FL is right around the national average in cost. Living here is 2% cheaper than the national average and 12% below the Florida state average of 110. Hobe Sound is a smaller community of 14,313 residents, where everyday costs can differ substantially from nearby larger cities.

Housing costs are the biggest factor in Hobe Sound's cost of living. The median monthly rent is $1,184 (10% below the US median of $1,319), and the median home value sits at $323,700 (6% above the national median of $304,900). At current prices, the median home costs roughly 5.1x the median household income — a stretch for many buyers, though not uncommon in today's market.

The median household income in Hobe Sound is $63,233, which is 16% lower than the national median of $75,149. Residents spend roughly 22% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum.

Climate is another factor for anyone considering a move to Hobe Sound. The area sees an average annual temperature of 75.8°F, with summers averaging 83°F and winters around 68°F. Annual rainfall totals 61.7 inches spread over roughly 137 days.

Everyday prices in the Port St. Lucie, 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.