Cost of Living in Ridge Manor, FL

With a cost of living index of 85, Ridge Manor, FL is a very affordable place to live. Living here is 15% cheaper than the national average and 25% below the Florida state average of 110. Ridge Manor is a small community of 4,478 residents.

Housing costs are the biggest factor in Ridge Manor's cost of living. The median monthly rent is $1,025 (22% below the US median of $1,319), and the median home value sits at $223,000 (27% below the national median of $304,900). At current prices, the median home costs roughly 4x the median household income — a moderately affordable ratio by today's standards.

The median household income in Ridge Manor is $55,096, which is 27% lower 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. 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 Ridge Manor. 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.