Cost of Living in Howey-in-the-Hills, FL

With a cost of living index of 115, Howey-in-the-Hills, FL is a notably expensive place to live. Living here is 15% more expensive than the national average and 5% above the Florida state average of 110. Howey-in-the-Hills is a small community of 2,279 residents.

Housing costs are the biggest factor in Howey-in-the-Hills's cost of living. The median monthly rent is $1,651 (25% above the US median of $1,319), and the median home value sits at $362,300 (19% above the national median of $304,900). At current prices, the median home costs roughly 3.9x the median household income — a moderately affordable ratio by today's standards.

The median household income in Howey-in-the-Hills is $93,403, which is 24% higher than the national median of $75,149. Residents spend roughly 21% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum. While incomes are above average, they more than offset the higher cost of living.

Climate is another factor for anyone considering a move to Howey-in-the-Hills. The area sees an average annual temperature of 72.8°F, with summers averaging 83°F and winters around 61°F. Annual rainfall totals 43.8 inches spread over roughly 122 days.

Everyday prices in the Orlando-Kissimmee-Sanford, 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.