Relative to its own citywide benchmarks, Tallahassee appears moderately affordable for renters given the median gross rent of $1,293 compared to the median household income of $57,409, which implies a rent-to-income ratio of approximately 27%. For homeowners, the median home value of $294,400 represents about 5.1 times the median household income, suggesting housing costs are elevated relative to local earnings, though affordability varies by tenure and individual circumstances.
Tallahassee at a glance
What the default budget models
A one-person renting household begins with a modeled annual core-cost baseline of $30,516. It combines the ACS median gross-rent estimate with a uniform $1,250 monthly non-housing baseline. State income tax is excluded until a current official reference is approved; the calculator labels that limitation instead of guessing.
| 2024 ACS population estimate | 201,875 |
| 2024 ACS median household income | $57,409 |
| 2024 ACS median gross rent | $1,293 |
| 2024 ACS median owner-occupied home value | $294,400 |
| Derived one-way commute estimate | 21 minutes |
| State-tax treatment | Excluded — official reference pending |
| Rent-to-income reference | 27% |
The trade-off
Relative strength: Median rent is $1,293/month; median home value is $294,400.. Watch closely: lower home values may reflect trade-offs in job access or amenities compared to higher-cost florida metros..
Compare Tallahassee
Frequently asked questions
Is Tallahassee affordable for renters based on local income?
With a median gross rent of $1,293 and median household income of $57,409, the rent-to-income ratio is about 27%, which is within a range often considered manageable, though individual affordability depends on specific expenses and household composition.
How does Tallahassee's median home value compare to local income?
The median owner-occupied home value is $294,400, which is approximately 5.1 times the median household income of $57,409, indicating home prices are moderately elevated relative to local earnings, though this ratio varies across households and mortgage terms.
Source ledger
Every production input below is retained with its publisher and dataset. The ACS figures are five-year estimates, not live listings or guarantees.
- PopulationU.S. Census Bureau · 2024 ACS 5-Year B01003
- Median household incomeU.S. Census Bureau · 2024 ACS 5-Year B19013
- Median gross rentU.S. Census Bureau · 2024 ACS 5-Year B25064
- Median owner-occupied home valueU.S. Census Bureau · 2024 ACS 5-Year B25077
- Commute-time distributionU.S. Census Bureau · 2024 ACS 5-Year B08303
Interpretation: The ACS 2024 five-year estimates generally summarize observations across 2020–2024. The commute number is a weighted midpoint estimate from table B08303. State income tax is not included in the modeled take-home result. Verify a current address, quote, commute, and tax situation before making a decision.