Cost of Living in Port Richey, FL

With a cost of living index of 87, Port Richey, FL is a very affordable place to live. Living here is 13% cheaper than the national average and 24% below the Florida state average of 110. Port Richey is a small community of 3,229 residents.

Housing costs are the biggest factor in Port Richey's cost of living. The median monthly rent is $982 (26% below the US median of $1,319), and the median home value sits at $256,500 (16% below the national median of $304,900). At current prices, the median home costs roughly 5.6x the median household income — a stretch for many buyers, though not uncommon in today's market.

The median household income in Port Richey is $45,435, which is 40% lower than the national median of $75,149. Residents spend roughly 26% of household income on rent. This is near the 30% threshold that financial experts generally consider the upper limit of affordability. 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 Port Richey. The area sees an average annual temperature of 70.7°F, with summers averaging 81°F and winters around 59°F. Annual rainfall totals 51.9 inches spread over roughly 126 days.

Everyday prices in the Tampa-St. Petersburg-Clearwater, 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.