Quick facts: Mayo, FL

Quick Facts

107.5
Cost of Living
above US average
1,075
Population
18.6
Crime Rate per 1000
below US average
$40,511
Median Income
below US average
$140,000
Median House Price
above US average
$2000.0
Average Rent
above US average
12%
Poverty Rate
above US average
4.5%
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 $40,511.

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Income Needed to Buy

βœ— Stretch
$44k/year
Based on $140,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $44k vs median $40,511
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Income Needed to Rent

⚠ Stretch
$86k/year
Based on $2000.0/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $86k vs median $40,511
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Mayo, FL

Mayo is a small town located in Lafayette County, Florida, situated in the north-central part of the state. It has a population of around 1,200 residents, offering a close-knit community vibe and a rural charm. Mayo is characterized by its natural beauty, with proximity to several parks and rivers, including the picturesque Suwannee River, making it ideal for outdoor activities such as fishing, kayaking, and hiking. The town serves as a hub for local agriculture, with many farms and fields surrounding the area. Mayo hosts several events throughout the year, reflecting its community spirit, which includes festivals and local markets. The town is also known for its historical significance, with several landmarks and sites that attract visitors interested in exploring the area’s heritage. Mayo is conveniently located along U.S. Highway 27, offering access to larger cities like Tallahassee and Gainesville. Despite its small size, Mayo provides essential amenities, including schools, shops, and basic services, making it a quaint yet functional place to live or visit. The warm Southern hospitality adds to the appeal of this charming town in Florida.

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