States › Florida › Conway

Is Conway, FL expensive to live in?

OKRent takes 25 cents of every $1 people earn here.
🏠 Rent per month (2026)$1,96312% higher than U.S. average
💵 Families earn per year (2026)$94,266about $7,856/month · 8% higher than U.S. average
🔑 House price$405,80022% higher than U.S. average

Rent is higher than in 67% of U.S. cities. A typical house costs about 4.3 years of household income. Most homes (86.4%) are owned, so rentals can be hard to find.

How much money do I need?

To rent here comfortably, you should earn about $78,520 a year. That is $38 an hour at a full-time job.

Is rent cheaper than other Florida cities?

No. Rent here is more expensive than in most of Florida. It is number 239 of 479 cities from cheapest to most expensive.

Conway
$1,963
$1,941
$1,986

How much do households earn in Conway?

Under $25k
10.2%
$25k–50k
18.3%
$50k–100k
29.2%
$100k–150k
25.9%
$150k+
13.5%

Share of households by yearly income. 39.4% of households earn $100,000 or more.

Rent by apartment size in Conway

SizeConwayU.S. average
1 bedroom$1,722$1,324
2 bedrooms$1,543$1,509
3 bedrooms$1,881$1,698
4 bedrooms$2,455$2,098

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

How expensive is Conway 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 Conway, so the Florida figure is shown.

Taxes and bills in Conway

🏛️ Property tax$2,857a year · 0.70% of home value · U.S. $3,119
⚡ Electric bill$232a month (typical) · U.S. $156

Life in Conway

Commute to work26.6 minU.S.: 26.4 min
College degree41.5%U.S.: 35.7%
Own their home86.4%U.S.: 65.2%
Below poverty line8.9%U.S.: 12.5%
Unemployment3.3%U.S.: 5.2%

Is it cheaper to rent or buy in Conway?

Renting is cheaper right now: about $853 a month less.

Renting
$1,963
Owning
$2,816

Owning assumes a typical $405,800 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $40,580 for the down payment.

Frequently asked questions

What is the average rent in Conway, FL?

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

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

To keep rent under 30% of income, you need about $78,520 a year, or $38 an hour at a full-time job.

Is Conway cheap or expensive?

Conway is rated OK: rent takes 25.0% of the typical household income of $94,266. It ranks 239th cheapest of 479 Florida cities we track.

How much are property taxes in Conway?

The median homeowner in Conway pays $2,857 a year in property taxes, about 0.70% of the median home value.

Is Conway 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 Conway?

The median home value in Conway is $405,800, about 4.3 times the typical yearly household income.

12,928 people live in Conway. Numbers are typical (middle) values.