States › Florida › Okeechobee

Is Okeechobee, FL expensive to live in?

ExpensiveRent takes 43 cents of every $1 people earn here.
🏠 Rent per month (2026)$2,21326% higher than U.S. average
💵 Families earn per year (2026)$61,522about $5,127/month · 29% lower than U.S. average
🔑 House price$197,70041% lower than U.S. average

Rent is higher than in 77% of U.S. cities. Incomes are on the low side for rents this high, so budgets feel tight. A typical house costs about 3.2 years of household income.

How much money do I need?

To rent here comfortably, you should earn about $88,520 a year. That is $43 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 325 of 479 cities from cheapest to most expensive.

Okeechobee
$2,213
The Meadows
$1,831
Naples Manor
$1,577
Crystal Lake
$1,404
Fort Myers Beach
$1,932
Floral City
$649
Siesta Key
$3,500+

How much do households earn in Okeechobee?

Under $25k
7.8%
$25k–50k
37.1%
$50k–100k
34.5%
$100k–150k
9.8%
$150k+
2.8%

Share of households by yearly income. 12.7% of households earn $100,000 or more.

Rent by apartment size in Okeechobee

SizeOkeechobeeU.S. average
1 bedroom$1,170$1,324
2 bedrooms$895$1,509
3 bedrooms$1,181$1,698

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

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

Taxes and bills in Okeechobee

🏛️ Property tax$1,564a year · 0.79% of home value · U.S. $3,119
⚡ Electric bill$170a month (typical) · U.S. $156

Life in Okeechobee

Commute to work25.6 minU.S.: 26.4 min
College degree21.1%U.S.: 35.7%
Own their home55.1%U.S.: 65.2%
Below poverty line15.8%U.S.: 12.5%
Unemployment3.1%U.S.: 5.2%

Is it cheaper to rent or buy in Okeechobee?

Buying is cheaper month to month: about $841 a month less than renting.

Renting
$2,213
Owning
$1,372

Owning assumes a typical $197,700 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $19,770 for the down payment.

Frequently asked questions

What is the average rent in Okeechobee, FL?

Renting in Okeechobee costs a median of about $2,213 a month in 2026, including utilities. The Florida median is $1,963.

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

To keep rent under 30% of income, you need about $88,520 a year, or $43 an hour at a full-time job.

Is Okeechobee cheap or expensive?

Okeechobee is rated Expensive: rent takes 43.2% of the typical household income of $61,522. It ranks 325th cheapest of 479 Florida cities we track.

How much are property taxes in Okeechobee?

The median homeowner in Okeechobee pays $1,564 a year in property taxes, about 0.79% of the median home value.

Is Okeechobee 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 Okeechobee?

The median home value in Okeechobee is $197,700, about 3.2 times the typical yearly household income.

5,479 people live in Okeechobee. Numbers are typical (middle) values.