Cost of Living in Midway CDP (Santa Rosa County), FL

With a cost of living index of 113, Midway CDP (Santa Rosa County), FL is somewhat more expensive than average. Living here is 13% more expensive than the national average and 3% above the Florida state average of 110. Midway CDP (Santa Rosa County) is a smaller community of 20,745 residents, where everyday costs can differ substantially from nearby larger cities.

Housing costs are the biggest factor in Midway CDP (Santa Rosa County)'s cost of living. The median monthly rent is $1,668 (26% above the US median of $1,319), and the median home value sits at $352,600 (16% 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 Midway CDP (Santa Rosa County) is $90,662, which is 21% higher 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. While incomes are above average, they more than offset the higher cost of living.

Climate is another factor for anyone considering a move to Midway CDP (Santa Rosa County). The area sees an average annual temperature of 68.1°F, with summers averaging 82°F and winters around 54°F. Annual rainfall totals 63.6 inches spread over roughly 0 days. The mild climate is a draw for many residents and keeps utility costs moderate year-round.

Everyday prices in the Pensacola-Ferry Pass-Brent, 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.