Quick facts: Port charlotte, FL

Quick Facts

105.2
Cost of Living
above US average
63,913
Population
3.91
Crime Rate per 1000
below US average
$58,799
Median Income
below US average
$28,000
Median House Price
above US average
$2231.7
Average Rent
above US average
11%
Poverty Rate
above US average
4.2%
Unemployment Rate
above US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $58,799.

🏠

Income Needed to Buy

βœ“ Affordable
$9k/year
Based on $28,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
πŸ“Š Median income ($58,799) exceeds requirement
🏒

Income Needed to Rent

⚠ Stretch
$96k/year
Based on $2231.7/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $96k vs median $58,799
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Port charlotte, FL

Port Charlotte is a charming census-designated place located in Charlotte County, Florida. Nestled along the scenic shores of Charlotte Harbor, it boasts a warm, subtropical climate, making it an appealing destination year-round. The area is known for its beautiful waterways, which offer ample opportunities for boating, fishing, and swimming. With a population of around 60,000, Port Charlotte features a blend of residential neighborhoods, shopping centers, and recreational amenities. The region is characterized by its lush landscapes, abundant parks, and wildlife, providing outdoor enthusiasts with plenty of options for hiking, birdwatching, and enjoying nature. Port Charlotte is strategically positioned close to popular Gulf Coast beaches like Punta Gorda and Englewood, attracting both residents and tourists. The local economy is supported by a mix of retail, healthcare, and service industries, along with a growing retirement community. Cultural offerings include local festivals and events, while the nearby historic town of Punta Gorda offers arts, dining, and entertainment. Overall, Port Charlotte is a serene and inviting community ideal for families, retirees, and those looking to enjoy Florida's picturesque lifestyle.

πŸ” Search & Compare Places

First Location πŸ“