Is Florida a high cost of living state? (2024)

Is Florida a high cost of living state?

The cost of living in Florida is higher than the national average, with research putting Florida 15th highest across US states. According to the Bureau of Economic Analysis, the average cost of living per person in Florida is around $4,224 per person monthly.

Is Florida an expensive state to live in?

The average cost of living in Florida is very close to the national average—just over 2% higher. But while that 2% represents the state average, there's a wide range in cost of living among individual cities in Florida, ranging from 8% lower to 21% higher in cost when compared to the average U.S. city.

Is Florida a good place to live financially?

In Florida, the cost of living is lower than the national average, which makes it an attractive place to live for people who want to stretch their dollars further. According to the Bureau of Economic Analysis, the cost of living in Florida is about 1.6% lower than the national average.

Where does Florida rank in cost of living?

Is it cheaper to live in California or Florida?

It's cheaper to live in Florida, but not significantly

The average Florida resident spent about 8% less last year on housing, utilities, health care, food and gasoline than the average California resident.

What salary do you need to live comfortably in Florida?

What is a living wage in Florida? According to MIT's Living Wage Calculator, a living wage for a single adult with no children in Florida to pay for necessities where they live was, on average, $17.72 an hour as of the first quarter of 2023, or about $36,857.60 per year.

What is the cheapest state to live in?

The cheapest states to live in are Mississippi, Oklahoma, Kansas, Alabama, Georgia, Missouri, Iowa, Indiana, West Virginia, and Tennessee. Mississippi is the cheapest state to live in in the US, with a cost of living index of 85. The second cheapest state to live in is Oklahoma, with a cost of living index of 85.8.

Where is the cheapest but nicest place to live in Florida?

But Kissimmee isn't just a great place to visit—as one of the most affordable cities in Florida boasting a low cost of living, it's also one of the best cities to live in Florida. This is also due to Kissimmee's pristine lake beaches, unique restaurants, and lush green golf courses.

Where is the cheapest place to live in FL?

The cheapest place to live in Florida is Bartow, which is located in central Florida, within about fifty miles of Orlando and Tampa. The median cost of a home in Bartow is about $255,000. You can expect to pay about $1,050 for a one-bedroom apartment in Bartow, significantly below the national and Florida average.

Are Floridians friendly?

Floridians are some of the nicest people you will ever meet in the South. It is not uncommon to have a 20-minute conversation with your waiter or bartender before you've even ordered. They go out of their way to help a stranger in need, tell you their life story, and even play tour guide for you.

What is the best state to live in financially?

When it comes to the most affordable best state to live in USA, Mississippi takes the crown as the cheapest state. With a cost of living index of 85, it offers residents a significant economic advantage. Following closely behind as the best state to live in USA is Oklahoma, with a cost of living index of 85.8.

Are groceries more expensive in Florida?

Compared to other parts of the United States, the food prices in Florida are a bit more expensive. But let this cost alone not cost your dreams of moving to this beautiful place. In Florida, your grocery budget will heavily depend on your location, food preferences, stores, and food brands.

Why is it so cheap to live in Florida?

Unlike the myth around Florida real estate being dirt cheap, Florida is truly a low-tax state. One key feature of the state's tax system that bolsters affordability is the lack of a state income tax. In Florida, residents don't have to part with any portion of their earnings due to state taxes.

What is the cheapest state in the US?

1. Mississippi. Coming in as the cheapest state to live in in the United States is Mississippi with a cost of living index score of 83.3. It also has the lowest average housing costs in the nation at 33.7% below the national average.

Is it worth relocating to Florida?

Florida is an excellent location if you're looking for work. According to Wallethub, Florida is the 14th best state to find a job. The unemployment rate in Florida was only 2.5% in December 2022. With the national unemployment rate at 3.4%, many people move to Florida to take advantage of opportunities in their fields.

Is it hotter in California or Florida?

Florida is the hotter and more humid state when compared to California; you might even want to call it tropical. Although Florida doesn't have as much of a diverse landscape as the Golden State, it has miles of incredible beaches, and life is very much focused on the coast.

Is $17 an hour good in Florida?

The livable wage in Florida is $17.24 per hour. Florida's livable wage is lower than some other states due to its lower cost of living.

Are Floridians happier?

WalletHub released a new report this week highlighting the 2023 happiest states in America, and Florida ranked among the top 10.

Is 50k a year a lot in Florida?

$50k is pretty good. It really depends on location. Just like any state there is a broad range of population density from ultra urban, like Miami with pockets of the ultra rich like Palm Beach or Marco Island to the ultra rural like the ranches scattered across the middle of the state.

What state is best for low income?

What is the best state to move to in 2023?

Massachusetts topped 2023's list, scoring 61 out of 100. New Jersey came in second. New Hampshire, New York, and Wyoming fill out the rest of the top five states to live in, in that order. Several Southern states – Mississippi, Louisiana and Arkansas, among others – rounded out the bottom of WalletHub's rankings.

What is the best state to live in financially in 2023?

What city in Florida has cheap houses?

1. Titusville. Titusville, also known as the Space Coast, is the most affordable city in Florida.

What city in Florida has the most affordable housing?

#1: Ocala. With a median home sale price of $274,900, Ocala comes in at number one on our list of most affordable places to live in Florida. About 40 miles away from Gainesville, the nearest major metro, Ocala is home to roughly 63,600 residents.

What do you need to move to Florida?