Cost of Living in Tallahassee, Florida
In Tallahassee, the median household income is $57,409 and the median gross rent is $1,293/mo, with a median home value of $294,400. Source: Census Bureau ACS, 2020-2024 estimates.
- Median household income
- $57,409
- Median gross rent
- $1,293/mo
- Median home value
- $294,400
- Population
- 201,875
How Tallahassee compares to the Florida average
| Measure | Tallahassee, FL | Florida statewide | Difference |
|---|---|---|---|
| Median household income | $57,409 | $74,568 | -23.0% |
| Median gross rent (monthly) | $1,293 | $1,669 | -22.5% |
| Median home value | $294,400 | $359,000 | -18.0% |
Statewide, Florida prices average 103.4 on the BEA Regional Price Parity index (2024), where the U.S. average is 100.
Housing affordability in Tallahassee
- Salary needed for median rent
- $51,720
- Rent burden at median income
- 27.0%
- Est. affordable home price
- $209,424
So that $1,293/mo is 30% of gross income
Share of the median household income spent on median rent (30%+ = cost-burdened)
At median income, 6.67% 30-yr rate (FRED, 2026-08), 20% down, 28% front-end DTI
The median home value in Tallahassee is $294,400 — +40.6% above what the median household income supports under these assumptions.
Estimates from documented formulas — see methodology. Not financial advice.
Cost of living in other Florida cities
About this data
- American Community Survey 5-Year Estimates — data period 2020-2024, retrieved August 13, 2026.
- Regional Price Parities — data period 2024, retrieved August 13, 2026.
- Federal Reserve Economic Data — data period 2026-08, retrieved August 13, 2026.
Figures are shown exactly as published by the source or derived by the documented formulas on our methodology page. Where a source suppresses an estimate, we show “—” rather than a substitute value.