Quick facts: Tallahassee, FL

Quick Facts

95.3
Cost of Living
below US average
201,731
Population
36.2
Crime Rate per 1000
above US average
$52,899
Median Income
below US average
$269,900
Median House Price
above US average
$1743.34
Average Rent
above US average
22%
Poverty Rate
above US average
4.3%
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 $52,899.

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Income Needed to Buy

βœ— Stretch
$85k/year
Based on $269,900 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $85k vs median $52,899
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Income Needed to Rent

⚠ Stretch
$75k/year
Based on $1743.34/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $75k vs median $52,899
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Tallahassee, FL

Tallahassee, the capital city of Florida, is located in the northeastern part of the state. Known for its rich history and vibrant culture, Tallahassee serves as the political hub of Florida, housing the state legislature and the governor's office. The city is characterized by its picturesque rolling hills, lush greenery, and numerous parks, making it a delightful place for outdoor enthusiasts. Home to Florida State University and Florida A&M University, Tallahassee boasts a lively student population and a robust arts scene, with numerous festivals, galleries, and theaters. The city's historic landmarks include the Old State Capitol, which showcases stunning architecture and serves as a museum, and the beautiful Florida Governor's Mansion. Tallahassee is also known for its diverse culinary scene, featuring everything from Southern comfort food to international cuisine. Outdoor activities abound with nearby nature trails, lakes, and recreational areas, including the popular Alfred B. Maclay Gardens State Park. Overall, Tallahassee offers a unique blend of history, education, and natural beauty, making it an intriguing destination for visitors and residents alike.

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