Cost of Living in Malone, FL

With a cost of living index of 64, Malone, FL is one of the most affordable cities in the country. Living here is 36% cheaper than the national average and 46% below the Florida state average of 110. Malone is a small community of 2,275 residents.

Housing costs are the biggest factor in Malone's cost of living. The median monthly rent is $738 (44% below the US median of $1,319), and the median home value sits at $73,600 (76% below the national median of $304,900). At current prices, the median home costs roughly 1.8x the median household income — well within traditional affordability guidelines.

The median household income in Malone is $41,875, which is 44% lower 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. Lower incomes here are balanced by the significantly lower cost of living, stretching each dollar further.

Climate is another factor for anyone considering a move to Malone. The area sees an average annual temperature of 68.3°F, with summers averaging 82°F and winters around 54°F. Annual rainfall totals 51.1 inches spread over roughly 119 days. The mild climate is a draw for many residents and keeps utility costs moderate year-round.

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.