Cost of Living in Kensington Park, FL

With a cost of living index of 99, Kensington Park, FL is right around the national average in cost. Living here is 1% cheaper than the national average and 11% below the Florida state average of 110. Kensington Park is a small community of 3,561 residents.

Housing costs are the biggest factor in Kensington Park's cost of living. The median monthly rent is $1,289 (2% below the US median of $1,319), and the median home value sits at $291,700 (4% below the national median of $304,900). At current prices, the median home costs roughly 3.6x the median household income — a moderately affordable ratio by today's standards.

The median household income in Kensington Park is $80,139, which is 7% higher than the national median of $75,149. Residents spend roughly 19% 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 Kensington Park. The area sees an average annual temperature of 74.1°F, with summers averaging 83°F and winters around 64°F. Annual rainfall totals 49.1 inches spread over roughly 113 days.

Everyday prices in the North Port-Bradenton-Sarasota, 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.