States › Florida › Myrtle Grove

Is Myrtle Grove, FL expensive to live in?

ExpensiveRent takes 30 cents of every $1 people earn here.
🏠 Rent per month (2026)$1,8516% higher than U.S. average
💵 Families earn per year (2026)$72,957about $6,080/month · 16% lower than U.S. average
🔑 House price$186,10044% lower than U.S. average

Rent is higher than in 60% of U.S. cities. A typical house costs under 3 years of household income, which is easy by U.S. standards.

How much money do I need?

To rent here comfortably, you should earn about $74,040 a year. That is $36 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 182 of 479 cities from cheapest to most expensive.

Myrtle Grove
$1,851
Homosassa Springs
$1,889
Thonotosassa
$980
Naranja
$2,022
Lockhart
$1,948
St. Augustine
$1,737
Forest City
$2,130

How much do households earn in Myrtle Grove?

Under $25k
12.2%
$25k–50k
23.2%
$50k–100k
43.3%
$100k–150k
9.5%
$150k+
3.3%

Share of households by yearly income. 12.8% of households earn $100,000 or more.

Rent by apartment size in Myrtle Grove

SizeMyrtle GroveU.S. average
Studio$1,025$1,338
1 bedroom$1,194$1,324
2 bedrooms$1,466$1,509
3 bedrooms$1,652$1,698
4 bedrooms$1,687$2,098

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

How expensive is Myrtle Grove 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 Myrtle Grove, so the Florida figure is shown.

Taxes and bills in Myrtle Grove

🏛️ Property tax$1,097a year · 0.59% of home value · U.S. $3,119
⚡ Electric bill$200a month (typical) · U.S. $156

Life in Myrtle Grove

Commute to work23.5 minU.S.: 26.4 min
College degree25.9%U.S.: 35.7%
Own their home55.4%U.S.: 65.2%
Below poverty line17.7%U.S.: 12.5%
Unemployment8.2%U.S.: 5.2%

Is it cheaper to rent or buy in Myrtle Grove?

Buying is cheaper month to month: about $560 a month less than renting.

Renting
$1,851
Owning
$1,291

Owning assumes a typical $186,100 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $18,610 for the down payment.

Frequently asked questions

What is the average rent in Myrtle Grove, FL?

Renting in Myrtle Grove costs a median of about $1,851 a month in 2026, including utilities. The Florida median is $1,963.

How much do I need to make to live in Myrtle Grove?

To keep rent under 30% of income, you need about $74,040 a year, or $36 an hour at a full-time job.

Is Myrtle Grove cheap or expensive?

Myrtle Grove is rated Expensive: rent takes 30.4% of the typical household income of $72,957. It ranks 182nd cheapest of 479 Florida cities we track.

How much are property taxes in Myrtle Grove?

The median homeowner in Myrtle Grove pays $1,097 a year in property taxes, about 0.59% of the median home value.

Is Myrtle Grove 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 Myrtle Grove?

The median home value in Myrtle Grove is $186,100, about 2.6 times the typical yearly household income.

15,595 people live in Myrtle Grove. Numbers are typical (middle) values.