Cost of Living in Treasure Island, FL

With a cost of living index of 128, Treasure Island, FL is a notably expensive place to live. Living here is 28% more expensive than the national average and 18% above the Florida state average of 110. Treasure Island is a smaller community of 6,568 residents, where everyday costs can differ substantially from nearby larger cities.

Housing costs are the biggest factor in Treasure Island's cost of living. The median monthly rent is $1,496 (13% above the US median of $1,319), and the median home value sits at $573,500 (88% above the national median of $304,900). At current prices, the median home costs roughly 7x the median household income — a challenging ratio that puts homeownership out of reach for many residents.

The median household income in Treasure Island is $82,340, which is 10% 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.

Climate is another factor for anyone considering a move to Treasure Island. 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.