Cost of Living in Taft, FL

With a cost of living index of 83, Taft, FL is a very affordable place to live. Living here is 17% cheaper than the national average and 27% below the Florida state average of 110. Taft is a small community of 1,867 residents.

Housing costs are the biggest factor in Taft's cost of living. The median monthly rent is $1,116 (15% below the US median of $1,319), and the median home value sits at $165,900 (46% below the national median of $304,900). At current prices, the median home costs roughly 4.1x the median household income — a moderately affordable ratio by today's standards.

The median household income in Taft is $40,161, which is 47% lower than the national median of $75,149. Residents spend roughly 33% of household income on rent. This exceeds the recommended 30% threshold, meaning many renters here are cost-burdened. 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 Taft. The area sees an average annual temperature of 73°F, with summers averaging 82°F and winters around 63°F. Annual rainfall totals 51.4 inches spread over roughly 121 days.

Everyday prices in the Orlando-Kissimmee-Sanford, 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.