salaryRent is lower than in 61% of U.S. cities. A typical house costs about 3.7 years of household income. Most homes (78.7%) are owned, so rentals can be hard to find.
How much money do I need?
To rent here comfortably, you should earn about $57,880 a year. That is $28 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 72 of 479 cities from cheapest to most expensive.
How much do households earn in Midway?
Share of households by yearly income. 37.1% of households earn $100,000 or more.
Rent by apartment size in Midway
| Size | Midway | U.S. average |
|---|---|---|
| 1 bedroom | $1,465 | $1,324 |
| 2 bedrooms | $1,676 | $1,509 |
| 3 bedrooms | $2,049 | $1,698 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Midway overall?
Everyday prices in Florida overall are 3% above the U.S. average (index 103.4, U.S. = 100).
Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Midway, so the Florida figure is shown.
Taxes and bills in Midway
Life in Midway
Is it cheaper to rent or buy in Midway?
Renting is cheaper right now: about $1,201 a month less.
Owning assumes a typical $381,600 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $38,160 for the down payment.
Frequently asked questions
What is the average rent in Midway, FL?
Renting in Midway costs a median of about $1,447 a month in 2026, including utilities. The Florida median is $1,963.
How much do I need to make to live in Midway?
To keep rent under 30% of income, you need about $57,880 a year, or $28 an hour at a full-time job.
Is Midway cheap or expensive?
Midway is rated Cheap: rent takes 16.8% of the typical household income of $103,580. It ranks 72nd cheapest of 479 Florida cities we track.
How much are property taxes in Midway?
The median homeowner in Midway pays $2,507 a year in property taxes, about 0.66% of the median home value.
Is Midway 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 Midway?
The median home value in Midway is $381,600, about 3.7 times the typical yearly household income.
21,317 people live in Midway. Numbers are typical (middle) values.