States › Florida › Callaway

Is Callaway, FL expensive to live in?

OKRent takes 23 cents of every $1 people earn here.
🏠 Rent per month (2026)$1,34923% lower than U.S. average
💵 Families earn per year (2026)$70,759about $5,897/month · 19% lower than U.S. average
🔑 House price$250,30025% lower than U.S. average

Rent is lower than in 66% of U.S. cities. A typical house costs about 3.5 years of household income.

How much money do I need?

To rent here comfortably, you should earn about $53,960 a year. That is $26 an hour at a full-time job.

Is rent cheaper than other Florida cities?

Yes. Rent here is cheaper than in most of Florida. It is number 57 of 479 cities from cheapest to most expensive.

Callaway
$1,349
Pasadena Hills
$1,228
Sunset
$2,981
South Daytona
$1,609
Fernandina Beach
$2,925
Palmetto
$2,179
Atlantic Beach
$3,500+

How much do households earn in Callaway?

Under $25k
13.5%
$25k–50k
28.8%
$50k–100k
36.7%
$100k–150k
13.1%
$150k+
5.2%

Share of households by yearly income. 18.3% of households earn $100,000 or more.

Rent by apartment size in Callaway

SizeCallawayU.S. average
Studio$1,174$1,338
1 bedroom$1,270$1,324
2 bedrooms$1,388$1,509
3 bedrooms$2,049$1,698
4 bedrooms$1,566$2,098

Median monthly rent plus utilities for all renters, by number of bedrooms.

How expensive is Callaway overall?

Everyday prices in Florida overall are 3% above the U.S. average (index 103.4, U.S. = 100).

Housing
122
Goods (food, clothes…)
98
Utilities
90
Other services
101
U.S. average
100

Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Callaway, so the Florida figure is shown.

Taxes and bills in Callaway

🏛️ Property tax$1,250a year · 0.50% of home value · U.S. $3,119
⚡ Electric bill$199a month (typical) · U.S. $156

Life in Callaway

Commute to work23.9 minU.S.: 26.4 min
College degree24.6%U.S.: 35.7%
Own their home58.7%U.S.: 65.2%
Below poverty line9.6%U.S.: 12.5%
Unemployment3.3%U.S.: 5.2%

Is it cheaper to rent or buy in Callaway?

Renting is cheaper right now: about $388 a month less.

Renting
$1,349
Owning
$1,737

Owning assumes a typical $250,300 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $25,030 for the down payment.

Frequently asked questions

What is the average rent in Callaway, FL?

Renting in Callaway costs a median of about $1,349 a month in 2026, including utilities. The Florida median is $1,963.

How much do I need to make to live in Callaway?

To keep rent under 30% of income, you need about $53,960 a year, or $26 an hour at a full-time job.

Is Callaway cheap or expensive?

Callaway is rated OK: rent takes 22.9% of the typical household income of $70,759. It ranks 57th cheapest of 479 Florida cities we track.

How much are property taxes in Callaway?

The median homeowner in Callaway pays $1,250 a year in property taxes, about 0.50% of the median home value.

Is Callaway more expensive than the national average?

Overall prices in Florida are 3% above the U.S. average, according to the U.S. Bureau of Economic Analysis.

How much does a house cost in Callaway?

The median home value in Callaway is $250,300, about 3.5 times the typical yearly household income.

13,496 people live in Callaway. Numbers are typical (middle) values.