Cost of Living in Clearwater Beach Florida

Are you thinking of moving to Clearwater, Florida, and you’re curious about what it costs? In this episode of Hounds, Hops, and Houses, I’m going to break down the cost of living right here in Clearwater. We’re going to cover everything from housing to gas prices so you know exactly what to expect. (Originally published November 2021)

The Cost Of Housing

First, let’s talk about the obvious: the cost of housing here in Clearwater. One of the first things you’ll need to decide is if you should buy or rent. There are also a couple of other questions you may want to ask yourself to figure out your housing needs.

For example, do you need land, or is a condo okay with you? Are you single, or do you have a family? Many things can come into play when you’re choosing your housing situation. Based on your answers to these questions the price of housing can vary. While I’d be happy to answer any specific questions you have, here are some general pointers.

The average three-bedroom sells for around $250,000, while the average two-bedroom sells for around $200,000. If you’re looking to rent in the area, these prices can vary from $900 a month on the low end up to $2,500 and beyond—depending on the season. A good rule of thumb in pricing is the closer you are to the beaches, the higher the monthly cost for you.

Property, Income, And Sales Tax

An additional part of your housing expense is property taxes. These vary in our area, though you can expect to pay roughly $1,000 per $100,000 of value in your home. The good thing about living in Florida is that there is something called a homestead cap, which limits the amount that your property taxes can increase year over year; it’s definitely a great incentive to move here.

One of the biggest benefits of living here in Florida is our 0% state income tax. Yep, zero. It’s an awesome improvement over most of the other states in the country. Sales tax is around 7% to 7.5%, which is not too bad.

Transportation And More

Another expense to expect is, naturally, transportation. Gas is averaging around $3 a gallon, and yes—you will need a car in Clearwater. Unless you live really close to the beach, you’re going to need a vehicle to get from point A to point B. There is some public transportation here, but you definitely want to have a car.

We do have some more logical costs here, and you might not expect them to be this low annually. Your car is only going to cost around $40 to renew your tags, which is awesome. If you pay on a two-year basis, you get an even bigger discount.

Lastly, one of my favorite things to talk about is food. You can get a locally caught blackened grouper sandwich for around $14. That’s not so bad, especially at Frenchy’s Rockaway Grill on the beach. It’s the best one in the area.

Come Explore Clearwater, Florida

I hope this gave you some insight into some of the costs of living here in Clearwater, Florida. If you have any other questions about Clearwater or Tampa Bay in general, feel free to reach out. I’d love to hear from you and would be happy to assist in any way I can.

Ryan Speltz Loan Officer

Ryan Speltz

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