Cost of Living in Tierra Verde, FL

With a cost of living index of 182, Tierra Verde, FL is one of the most expensive cities in the United States. Living here is 82% more expensive than the national average and 71% above the Florida state average of 110. Tierra Verde is a small community of 4,051 residents.

Housing costs are the biggest factor in Tierra Verde's cost of living. The median monthly rent is $2,728 (107% above the US median of $1,319), and the median home value sits at $767,900 (152% above the national median of $304,900). At current prices, the median home costs roughly 5.2x the median household income — a stretch for many buyers, though not uncommon in today's market.

The median household income in Tierra Verde is $148,785, which is 98% 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 Tierra Verde. The area sees an average annual temperature of 74.7°F, with summers averaging 84°F and winters around 64°F. Annual rainfall totals 46.7 inches spread over roughly 109 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.