Florida · Census, HUD and BEA figures · Updated

Cost of Living in DeSoto County, FL

Prices around DeSoto County, FL run 3.4% above the U.S. average (BEA, Florida). The typical household there earns $54,417 a year, and HUD puts a two-bedroom at $1,209 a month. Keeping that rent under 30% of income takes about $48,360 a year.

DeSoto County, FL at a glance

Median household income

$54,417$4,535 per month · U.S. Census Bureau ACS 5-Year
2-bedroom rent$1,209HUD FY2026 Fair Market Rent
Price level (U.S. = 100)103.4+3.4% · BEA, Florida
Electricity15.1¢per kWh · EIA Residential FL
Population35,386Census ACS 5-year estimate

How much rent can you afford in DeSoto County, FL?

HUD’s fair market rent for each size, against what a typical household here earns. Change the income to see yours.

Affordable (< 30% of income)
HUD Fair Market Rent$1,209Monthly market rent
Share of gross income26.7%Recommended max: 30%
Annual income needed$48,360To meet the 30% standard
Max affordable rent$1,360At 30% of $54,417
0%30% (Affordability standard)100%
Compare against:

How much is rent in DeSoto County, FL? By bedroom, 2026

HUD's fiscal 2026 Fair Market Rents for DeSoto County, FL, with the income each one takes if rent stays under 30% of it.

HUD Fair Market Rent in DeSoto County, FL, fiscal 2026
Unit SizeMonthly RentAnnual Rent30% Rule Min. Income% of Median Income
Studio / Efficiency$1,053$12,636$42,12023.2%
1-Bedroom Apartment$1,060$12,720$42,40023.4%
2-Bedroom ApartmentBenchmark$1,209$14,508$48,36026.7%
3-Bedroom Home$1,663$19,956$66,52036.7%
4-Bedroom Home$1,865$22,380$74,60041.1%

Rent in DeSoto County, FL, with the wage each unit needs →

What a typical income covers in DeSoto County, FL

The 50/30/20 rule applied to the local median of $54,417 a year ($4,535 a month before tax).

Needs (50%)$2,267/moRent ($1,209 2-BR), utilities (~$136/mo), groceries, transit
Wants (30%)$1,360/moEating out, travel, subscriptions and the rest
Savings and debt (20%)$907/moEmergency fund, retirement, paying down loans

What $54,417 leaves after Florida taxes

Federal income tax, Social Security, Medicare and Florida tax on the local median income. Change the salary to see yours.

$54,417
$20,000$110,000
Filing status:
Gross salary breakdown$54,417
Net 84%
Fed 8%
FICA 8%
Annual take-home$45,904After all taxes
Monthly deposit$3,825Estimated per month
Biweekly paycheck$1,766Every 2 weeks (26/yr)
Effective tax rate15.6%Total tax burden
Federal income tax$4,350 / yr
Florida state income taxNo state wage tax$0
FICA (Social Security & Medicare)$4,163 / yr

Living in DeSoto County, FL: common questions

What is the median household income in DeSoto County, FL?

According to the latest U.S. Census Bureau ACS 5-Year survey, the median household income in DeSoto County, FL is $54,417 per year (approximately $4,535 per month).

What is the average rent in DeSoto County, FL?

The closest official figure is HUD's Fair Market Rent for 2026: $1,053 for a studio, $1,060 for one bedroom, $1,209 for two, $1,663 for three and $1,865 for four, utilities included.

It is not an average of listings. HUD sets it at the rent 40% of recent movers paid or less for a standard unit, so a new lease on a nicer place will usually cost more.

Is DeSoto County, FL expensive to live in?

Prices there run 3.4% above the U.S. average. BEA's regional price parity for Florida is 103.4, where the U.S. is 100. Rent moves the number most: housing is where places differ, while goods cost about the same everywhere.

How much do you need to earn to comfortably afford rent in DeSoto County, FL?

To keep a $1,209 two-bedroom under 30% of gross income, a household needs about $48,360 a year, or $4,030 a month. That is 89% of what the typical household in DeSoto County, FL earns.

How much do you need to live comfortably in DeSoto County, FL?

On the local median income of $54,417 ($4,535 a month before tax), the 50/30/20 rule leaves $2,267 a month for needs like rent, utilities and groceries, $1,360 for everything else and $907 for savings or debt. A two-bedroom at $1,209 takes 53% of the needs share.

How much is the electric bill in DeSoto County, FL?

Homes in Florida paid 15.1¢ per kWh on average (EIA). At 900 kWh a month, a typical use, that is about $136. Your bill depends mostly on heating and cooling.