What is the median household income in Floral City, FL?
The median household income in Floral City, FL is $62,025 (±$8,536) a year (2020–2024 American Community Survey).
Paying the median gross rent of $617 a month would take about $24,700 a year at the common guideline of spending no more than 30% of income on rent.
In Floral City, the median household income went from $38,094 in 2015–2019 to $62,025 in 2020–2024 (+62.8%).
Prices (CPI-U) rose 22.7% over the same years, so it rose faster than prices: a measurable increase after inflation.
Figures last updated on .
- Median household income
- $62,025 (±$8,536)
- Median renter income
- $58,487 (±$15,613)
- Income to afford median rent
- about $24,700
Income in Floral City against Citrus County, its state and the nation
| Floral City | Citrus County | Florida | United States | |
|---|---|---|---|---|
| Median household income | $62,025 (±$8,536) | $56,546 (±$1,701) | $74,568 (±$284) | $80,734 |
| Median renter household income | $58,487 (±$15,613) | $37,570 (±$4,151) | $53,617 (±$353) | $52,966 |
| Median owner household income | $63,137 (±$11,866) | $59,957 (±$2,313) | $88,144 (±$469) | $100,009 |
| Median gross rent | $617 (±$604) | $1,107 (±$50) | $1,669 (±$5) | $1,413 |
In Floral City, median household income is not measurably different from Citrus County ($56,546).
It is also lower than in Florida ($74,568).
It is lower than the national figure ($80,734).
In Citrus County, Floral City ranks 7 of 15 places with a published estimate, from highest to lowest median household income.
Statewide, it ranks 562 of 846.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How much you need to earn to rent in Floral City
Many landlords and housing programs use 30% of gross income as the most a household should spend on rent.
At that guideline, the median gross rent of $617 a month ($7,404 a year) needs an income of about $24,700 a year.
The median renting household in Floral City earns $58,487 a year.
This is arithmetic on the published medians, not a rule any landlord must follow; screening criteria vary and some places limit how income may be weighed.
Income against housing costs since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median household income | $38,094 (±$6,034) | $62,025 (±$8,536) | +62.8% | Up after inflation |
| Median gross rent | $713 (±$67) | $617 (±$604) | −13.5% | No measurable change after inflation |
| Median home value | $114,900 (±$11,883) | $232,000 (±$18,091) | +101.9% | Up after inflation |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
Median household income in places near Floral City
| Place | Distance | Median household income | Compared with this place |
|---|---|---|---|
| Floral City | — | $62,025 (±$8,536) | — |
| Inverness Highlands South | 6.8 mi | $60,750 (±$9,456) | Not measurably different |
| North Brooksville | 9.1 mi | $78,458 (±$23,042) | Not measurably different |
| Inverness | 9.7 mi | $43,523 (±$7,703) | Lower |
| Inverness Highlands North | 12 mi | $63,281 (±$16,200) | Not measurably different |
| Bushnell | 12 mi | $52,717 (±$17,761) | Not measurably different |
| Sugarmill Woods | 12 mi | $71,426 (±$7,774) | Not measurably different |
| Lake Panasoffkee | 12 mi | $44,531 (±$10,157) | Lower |
| Hill 'n Dale | 13 mi | $57,500 (±$40,350) | Not measurably different |
Nearby places with a measurably lower figure: Inverness, FL ($43,523), Lake Panasoffkee, FL ($44,531).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median household income across Citrus County, place by place
| Rank | Place | Median household income |
|---|---|---|
| 1 | Black Diamond | $96,305 (±$20,840) |
| 2 | Citrus Hills | $85,837 (±$5,041) |
| 3 | Sugarmill Woods | $71,426 (±$7,774) |
| 4 | Pine Ridge (Citrus County) | $71,014 (±$17,928) |
| 5 | Citrus Springs | $68,011 (±$12,826) |
| 6 | Inverness Highlands North | $63,281 (±$16,200) |
| 7 | Floral City | $62,025 (±$8,536) |
| 8 | Inverness Highlands South | $60,750 (±$9,456) |
| 9 | Lecanto | $56,215 (±$32,154) |
| 10 | Crystal River | $54,405 (±$18,066) |
| 11 | Homosassa | $52,154 (±$21,148) |
| 12 | Homosassa Springs | $48,049 (±$5,722) |
| 13 | Beverly Hills | $46,488 (±$3,960) |
Showing 13 of 15 places in Citrus County, ranked from highest to lowest.
Floral City is a census-designated place: an unincorporated community the Census Bureau draws for statistics, with no municipal government of its own.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
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Questions about Floral City
What is the median household income in Floral City?
The median household income in Floral City is $62,025 (±$8,536) a year (2020–2024 American Community Survey).
How much do you need to make to afford rent in Floral City?
About $24,700 a year, if rent is to stay at or below 30% of income at the median gross rent of $617 a month.
Have incomes in Floral City kept up with inflation?
In Floral City, the median household income went from $38,094 in 2015–2019 to $62,025 in 2020–2024 (+62.8%).
Prices (CPI-U) rose 22.7% over the same years, so it rose faster than prices: a measurable increase after inflation.
What do renters earn in Floral City?
The median renting household in Floral City, FL earns $58,487 (±$15,613) a year.
Sources
- Selected Economic Characteristics (DP03), 2020–2024 ACS 5-year estimates — Floral City CDP, Florida
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Floral City CDP, Florida
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Floral City CDP, Florida
- Median Household Income (B19013), 2015–2019 ACS 5-year estimates — Floral City CDP, Florida
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Floral City CDP, Florida
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Floral City CDP, Florida
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) and detailed tables (acs/acs5) for Floral City CDP, Florida (place:22775, in state:12).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B19013_001E, B19013_001M, B25064_001E, B25064_001M, B25077_001E, B25077_001M from the 2019 release.
The API needs a free key.
DP03_0062E, DP03_0062M, B25119_003E, B25119_003M, B25119_002E, B25119_002M, DP04_0134E, DP04_0134M
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .
Related
- Housing in Floral City at a glance
- Renters and owners in Floral City
- Home values in Floral City
- Homeowner costs in Floral City
- Property taxes in Floral City
- Types of homes in Floral City
- Bedrooms in Floral City
- Age of homes in Floral City
- Heating fuel in Floral City
- Commute and cars in Floral City
- Population growth in Floral City
- How long people stay in Floral City
- Florida landlord and tenant rules
- Housing across Citrus County
- Florida places ranked by median household income
- Housing data for every place in Florida