Cost of Living in Welaka, FL

With a cost of living index of 87, Welaka, FL is a very affordable place to live. Living here is 13% cheaper than the national average and 23% below the Florida state average of 110. Welaka is a small community of 1,059 residents.

Housing costs are the biggest factor in Welaka's cost of living. The median monthly rent is $949 (28% below the US median of $1,319), and the median home value sits at $271,200 (11% below the national median of $304,900). At current prices, the median home costs roughly 5.3x the median household income — a stretch for many buyers, though not uncommon in today's market.

The median household income in Welaka is $51,528, which is 31% 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 Welaka. The area sees an average annual temperature of 69.3°F, with summers averaging 81°F and winters around 57°F. Annual rainfall totals 48.3 inches spread over roughly 114 days. The mild climate is a draw for many residents and keeps utility costs moderate year-round.

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.