Cost of Living in Florida, 2022

Imagine warm, sunny weather for the majority of the year. Add in white sand beaches, delectable cuisine, and a plethora of entertainment options that mean you’ll never be bored again. That’s the dream Florida residents get to live every day. If you are considering moving to Florida, it’s crucial to figure out your budget beforehand….



Imagine warm, sunny weather for the majority of the year. Add in white sand beaches, delectable cuisine, and a plethora of entertainment options that mean you’ll never be bored again. That’s the dream Florida residents get to live every day.

If you are considering moving to Florida, it’s crucial to figure out your budget beforehand.

This guide will break down the cost of living in Florida to help you determine whether you can afford to live comfortably in the Sunshine State. Let’s dive in!

Contents

Florida Housing Costs

Since 2020, rent and housing prices have experienced a substantial drop across the state of Florida. Over the past year, prices have experienced record lows. However, they’re currently on the rebound.

That said, it’ll take a fair period of time before rent prices recover to their previous year and beyond. Even now, the year-over-year rent price comparison shows that rent prices, though failing to reach their pre-pandemic numbers, are on the rise.

Here’s a breakdown of the current rent prices for both one and two-bedroom apartment units in Florida’s major metropolitan areas.

  • Miami rent prices have increased by 10% over the past month and a 66% increase from last year’s rates. Currently, the median price of a one-bedroom apartment in Miami sits at $2,700. A two-bedroom apartment sits at $3,600.
  • Fort Lauderdale rent prices have increased by 3% over the past month. According to year-over-year comparisons, rent prices have increased by 41% compared to last year at the same time. Currently, a one-bedrooms median price is $1,975, and a two-bedroom price sits at $3,024.
  • Tampa’s rent prices stayed flat over the past month, though are up 27.6% from a year-over-year comparison. The median rent price for a one-bedroom unit is $1,484. A two-bedroom unit runs for $1,810.
  • Orlando has experienced a significant 1.9% rent price increase over the past month and a 28.9% increase compared to last year’s rates of the same time. Currently, the median rent price for a one-bedroom apartment sits at $1,527. The median price for a two-bedroom unit sits at $1,815.

Learn more about Miami and Orlando’s average rent prices and trends.

Florida Transportation

According to MIT’s living wage calculator, a single adult resident of Florida can expect to pay $5,113 in transportation costs annually. A family of four, with two adults and two children, can expect to pay $13,896 in transportation costs annually.

The calculation for these costs includes the number of vehicles used, gas, vehicle insurance, maintenance costs, and public transportation costs. That said, depending on your commute, whether you will rely on public transportation, and your car ownership information (owned, leased, or financed), you may come up with a vastly different number.

Florida is not known for its robust public transportation options. However, major metropolitan areas have functional public transportation networks that enable residents to get around.

That said, if you opt to forego owning a personal vehicle in a major city like Miami, expect to pay $1,740 annually for year-round access to buses and trains.

Florida Food Costs

Besides its sandy beaches, Florida is known for its plethora of dining options. It is a verifiable foodie paradise. That said, visiting these delightful food spots can make a dent in your budget.

Data collected from MIT’s typical expenses report shows that Floridians spend a substantial amount on food-related expenses monthly. As MIT’s data is collected on the premise that no meals consumed are made outside of the home, it’s important to consider the costs of dining out alongside them.

The following breakdown assumes that two adults eat out a modest one time monthly and prepare the rest of their meals at home. Here’s how much you can expect to spend on food in Florida’s major metropolitan areas.

  • Miami: $365
  • Jacksonville: $333
  • Tampa: $340
  • Orlando: $321
  • Saint Petersburg: $335

Florida Healthcare Costs

Health insurance costs will vary greatly depending on your personal health, medication costs, whether you rely on employer-provided or personal health insurance, and the number of individuals in your household.

In short, it can be really challenging to find a number that accurately represents healthcare costs.

However, using MIT’s data, we’ve collected the average healthcare costs associated with a single individual and a household. Here’s what those numbers look like:

  • Single Adult Annual Healthcare Costs: $2,792
  • Family of Four Annual Healthcare Costs: $9,249

You can shop for a healthcare insurance plan that fits your and your family’s needs and budget online via Florida’s health insurance marketplace.

Florida Utilities

Considering the notoriously warm Florida climate, it’s essential to know what to expect when you receive your first monthly utility bill. The good news is that many Florida metropolitan areas boast renter utility bills that are much lower than the national average.

The average monthly utility bill across the U.S. is $170.87 for basic utilities including electricity, water, and gas. Here’s a breakdown of the average cost for basic utilities in Orlando, Tampa, and Miami.

  • Orlando: $185.73
  • Tampa: $183.18
  • Miami: $128.12

Keep in mind that these rates reflect the average cost for basic utilities. You’ll have to refer to your local municipality regulations and pricing for trash collection, the final public utility.

Many households have begun considering the price of cell phone service, cable (or streaming services), and internet service among their personal monthly utilities. These are things that most people would deem a necessity.

These costs vary greatly from one provider to another. They’re also based on your personal circumstances, so it can be difficult to come up with an accurate estimate.

Be sure to research the top providers in your area before making your move and choosing a plan, so you can have an accurate line item in your updated budget.

Fitness and Entertainment

For those looking for recreation opportunities, Florida is a state that is chock-full of them. Seriously, there’s no shortage of things to do.

That said, it’s easy to run up your entertainment budget line if you’re not too careful. Luckily, there are tons of free and paid entertainment options to choose from. Here’s an in-depth look at some of the fitness and entertainment options that Florida has to offer.

Gym Memberships

If you join a national gym chain, such as L.A. Fitness, 24 Hour Fitness, or Planet Fitness, you’ll likely catch a deal on your gym membership, with some pricing tiers starting as low as $10 a month.

However, if you’re looking for a cheaper alternative, lacing up your sneakers and heading out for a run at one of Florida’s many public parks and beaches might be the simplest and least expensive way to break a sweat.

State Parks in Florida

Florida boasts many state parks, each offering a unique and wildly entertaining adventure for the price of parking (generally $6 a vehicle). Here are some of the most beautiful state parks you need to visit in Florida:

  • Oleta River State Park features a fishing, swimming, camping, paddling, picnic areas, and snorkeling in a saltwater lagoon. It also features trails for walking, running, and biking, all within half an hour away from downtown Miami.
  • Hillsborough River State Park is just minutes away from Downtown Tampa. This state park offers geocaching, fishing, biking, hiking, walking, horseback riding, swimming, and more.
  • Wekiwa Springs State Park is located in close proximity to Downtown Orlando and is; one of the best neighborhoods in Orlando. Head over for a day of fun birding, camping, hiking, mountain biking, paddling, snorkeling, and viewing wildlife.

Visit a Famed Attraction

Florida is hard to compete with in terms of its sheer number of famed attractions. Just keep in mind that these attractions are generally expensive to enjoy.

If you’re looking for a day of entertainment and fun, then you’ve got a lot of options. Check out Disney World, Universal Studios (home to the Wizarding World of Harry Potter), the Daytona 500 Speedway, or the Kennedy Space Center. Make a weekend of it and enjoy an in-state vacation.

Other Expenses to Consider in Florida

The one thing about moving to another state is that it can be challenging to anticipate the “hidden costs” of making the move. These expenses are often completely forgotten about when creating a budget. Even worse, sometimes people assume they’re at a much lower rate than they should be.

Don’t fall prey to these costs. Here are some of the additional expenses to consider in Florida.

  • Childcare Costs: Childcare costs can be expensive in the state of Florida. The average annual cost of childcare for a single child in the state is $8,376. That rises to $16,572 for two children.
  • Sales Tax: Although Florida’s sales tax rate is lower than some other states, it’s still a significant 6%. That’ll certainly make a difference to your bank account. Additionally, some counties may add a percentage point or two to this tax rate. That can increase it substantially. So be sure to check your county’s tax rate.
  • Income Tax: Florida does not have a state income tax rate. That’s a real advantage to living in the Sunshine State.

What Salary Do I Need to Live in Florida?

According to data collected by the Bureau of Labor Statistics, the mean annual wage of Florida residents sits at $51,908. However, this number only tells a part of the story.

Understanding how much you need to earn starts by understanding how much you need to earn to live comfortably. It’s recommended that you earn a minimum of three times your monthly rent cost. That way, you can ensure that you aren’t overburdened by housing costs.

The golden rule of budgeting states that your rent should amount to no more than 30% of your monthly income.

Using Tampa as an example, where the median rent price of a one-bedroom apartment is $1,484, a renter should earn at least $4,946 monthly before taxes. This translates to an annual salary of $59,360.

That said, it’s essential to build your budget before making the move to Florida. Not only will this help you ensure that you can afford to live in the state, but it can also give you an idea of what costs to expect when you get there.

Final Thoughts – What Do I Need to Know When Moving to Florida?

Knowing whether you can afford to live in Florida is crucial. If you’ve built your budget and are sure that it’s a move you can afford, congrats!

Get started with your apartment search. Take our quiz to help you find your dream apartment in Florida.

You can also learn more about:

Orlando:

Miami:

Tampa:

Learn more about the best and cheapest places to live in Florida.

FAQs: Cost of Living in Florida in 2022:

How expensive is an apartment in Florida?

A studio apartment in Florida costs $771. A 1 bedroom apartment in Florida costs $835. A 2 bedroom apartment in Florida costs $1,021. A 3 bedroom apartment in Florida costs $1,358.

What is the cheapest rent in Florida?

A studio apartment is the cheapest rent you can get in Florida, with the median rent sitting at $771. The average rent for a 1 bedroom apartment in Florida is higher at $835.

How expensive is it to live in Florida?

Living in Florida is relatively expensive. In Florida, rent averages $835 for a 1 bedroom apartment. Transportation costs in Florida amount to $5,113 a year. Food costs $3,177 a year on average for a single resident of Florida.

How far is Texas from Florida?

Florida is 1,402 miles away from Texas. It takes 20 hours and 54 minutes to get to Texas from Florida by car, 111 hours by bike, and 473 hours by foot.

How far is California from Florida?

Florida is 2,737 miles away from California. It takes 41 hours to get to California from Florida by car, 229 hours by bike, and 912 hours by foot.

How far is Georgia from Florida?

Florida is 366 miles away from Georgia. It takes 6 hours and 8 minutes to get to Georgia from Florida by car, 31 hours by bike, and 118 hours by foot.

How far is Tennessee from Florida?

Florida is 718 miles away from Tennessee. It takes 11 hours and 3 minutes to get to Tennessee from Florida by car, 62 hours by bike, and 232 hours by foot.

How far are the Bahamas from Florida?

Florida is 313 miles away from the Bahamas. It takes 1 hour and 22 minutes to get to the Bahamas from Florida by plane.

What is the population of Florida?

The population of Florida is 21,781,128. It is the third most populated state in the country.

Is Florida cheaper than Colorado?

Florida is cheaper than Colorado. The median rent for a two-bedroom apartment in Colorado sits at $1,088, while the median rent for a two-bedroom apartment in Florida sits at $1,021.

What is a good salary in Florida?

The recommended salary in Florida is $4,941 per month or $59,292 annually. This total reflects a salary that would allow a renter to live comfortably and afford to cover the median rent for a one-bedroom apartment in Tampa which sits at $1,484.

FAQs

How much money do I need to live comfortably in Florida?

– A new study claims to know how much money you need to make in order to be happy living in Florida. According to a survey from Purdue University and GoBankingRates.com, you need a minimum annual salary of $105,315 to be happy in Florida

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Is it expensive to live in Florida?

In fact, the average cost of living in Florida is not even 1% higher than the national average, according to a Cost of Living Index. But there’s still a wide range?some Florida cities rank 8% lower to 18% higher in cost when compared to the average U.S. city. Find expert agents to help you buy your home in Florida.

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Is Florida really cheap to live?

Florida is the least affordable place to live in the U.S.May 2, 2022

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How much do you need monthly to live in Florida?

The cost of living in Florida is $1,832 per person per month, inclusive of rent. Without rent, a livable wage would be $705 per month. The cost of living index considers the price of food, healthcare, transportation, gas, electricity, and other expenses

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What is middle class in Florida?

In Florida, households must earn a minimum of $26,023 per year to be considered middle class, with the upper earnings boundary set at $117,719, according to a new 24/7 Wall St. analysis. The total share of household income in Florida controlled by middle-class earners is 44.8%, 24/7 Wall St. reports.

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What’s the cheapest state to live in?

Mississippi is the cheapest state to live in in the United States. Overall, costs in the state are 17% lower than the national average. Housing costs in Mississippi are the lowest in the nation.

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Is it hard to find a job in Florida?

Job searching in Florida can be easier when you know what jobs are currently available. According to the Bureau of Labor Statistics, Florida has the 20th highest state unemployment rate of 6.4% as of December 18, 2020.

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Is rent expensive in Florida?

How much is rent in Florida anyway? The average rent in Florida is $1,790, which is higher than the national average of $1,468. In terms of the cost of living, Florida is more expensive compared to the national average.

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What part of Florida has the cheapest rent?

Titusville has the cheapest average apartment rental rate in the entire state of Florida, at $876, while Coral Gables had the highest, at $2,628, according to a new RentCafe report using data from Yardi Matrix.

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What is the 2 cheapest state to live in?

2. Kansas. The great state of Kansas is the second cheapest state to live in with a score of 86.5.

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What state is the happiest?

According to a study by Amerisleep, the happiest state is North Dakota (#1) followed by Vermont, Nebraska, South Dakota and California. The least happy states were Kentucky (#50) followed by West Virginia, Tennessee, Nevada and Ohio (see complete list below).

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Which state is lowest cost of living?

Mississippi has the lowest cost of living in the United States. With a cost of living index of 83.3, expenses are nearly 17% less than the national average. Mississippi’s housing costs are the lowest in the nation.

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Which state has the best quality of life?

Washington. Washington state has the highest quality of life in all 50 states. The state has no income tax, a thriving job market, and great international business opportunities. Residents enjoy one of the nation’s longest life expectancies, likely in part of their strong healthcare system and lifestyle habits.

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Cost of Living in Florida | RamseySolutions.com

Cost of Living in Florida 8 Min Read | Sep 12, 2022 So you’re dreaming of moving to Florida—the home of Disney World, Universal Studios, airboats and alligators, the Kennedy Space Center, and some of the country’s most beautiful beaches! But how expensive is the cost of living in Florida? That’s a smart question to ask before you replace all your winter clothes with gallons of suntan lotion and head toward the Sunshine State. To learn if you can afford to live in Florida, you’d have to compare the cost of living in your current city with the Florida city of your dreams. To help you make a confident decision, we’ll show you how much Florida charges for “super fun” grown-up stuff like housing, food, taxes and bills. Let’s hit the beach! What’s the Average Cost of Living in Florida? Despite being one of the most popular vacation and retirement destinations in the U.S., Florida can be affordable. In fact, the average cost of living in Florida is not even 1% higher than the national average, according to a Cost of Living Index.1 But there’s still a wide range—some Florida cities rank 8% lower to 18% higher in cost when compared to the average U.S. city.2 Find expert agents to help you buy your home in Florida. To get these numbers, we use a Cost of Living Index that compares a dozen cities in Florida with the average U.S. city for several expense categories. An amount below 100 means Florida has a lower cost of living than the U.S. average for that category—take a look! Cost of Living Florida U.S. Total 100.7 100 Housing 99.7 100 Utilities 105.8 100 Groceries 106.4 100 Transportation 100.8 100 Health care 97.8 100 Miscellaneous 98.1 1003 To better understand this index, let’s take a closer look at each category. Housing Costs in Florida Okay, let’s start with housing costs. In the summer of 2021, median home prices in Florida were more than $382,000—just a tad lower than the national median of $385,000!4 Unfortunately, it’s a different story for rent: The median monthly rent for a two-bedroom apartment in Florida was more than $1,500—nearly 27% higher than the national median of $1,200!5 Keep in mind, not all of Florida costs the same. When you consider total housing cost factors, Florida ranges all the way from 17% lower than the national average in Daytona Beach to 51% higher in Fort Lauderdale!6 To find the Florida city that fits your budget, check out the cost differences between these cities: City in Florida Average Home Price Average Apartment Rent Miami $442,258 $2,227 Pensacola $326,566 $1,054 Orlando $305,622 $1,181 Tampa $281,455 $1,291 Jacksonville $280,161 $1,2817 And keep in mind that moving also costs money. If you’re the DIY type, take a look at PODS. With PODS, you can pack, store and move your container on your terms. Utilities Utility costs like energy and phone use in Florida range from 13% lower than the national average in Tallahassee, to 56% higher in Gainesville.8 Miami is somewhere in the middle range among Florida cities for utility costs and is pretty much the same as the national average. Trust us, you’re going to want to crank up the AC. They’re not called the Miami Heat for nothing. Groceries Grab your grocery cart, we’re headed to Publix! This popular Southeastern supermarket chain was founded and is headquartered in Florida, so there’s a chance you’ll buy some oranges and key lime pies there if you move to the sunny…

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Cost of Living in Florida | UpNest

Cost of Living in Florida MIn 2014, Florida passed New York to become the third most populated state behind California and Texas. In the years following, this growth hasn’t slowed. As of November 2020, Florida is expected to gain more than 300,000 new residents each year and have a population of 23 million by 2025.   Along with the thousands of new residents, Florida also welcomes millions of tourists each year. Its seemingly endless beaches and attractions like Disney and the Kennedy Space Center make it a paradise for adults and a unique place to raise a family.  However, the growing population density affects the prices of homes and job opportunities. Learn more about the cost of living in Florida and how you can live there affordably.    How much do you need to live comfortably in Florida?  As a whole, the cost of living in Florida isn’t much higher than in the rest of the country. According to McKinsey, the median home cost in the United States is $231,200 but $237,000 in Florida.  The current minimum wage in Florida is $8.56, slightly higher than the federal minimum wage of $7.25. Economists estimate that Floridians need to earn at least $15.60 per hour to enjoy a living wage and comfortable lifestyle. This is an average salary of $32,448 per year. These calculations are based on the expenses of a single adult, which increase as you add dependents like older relatives and children. The necessary living wage for a single adult with one child is $32.23 per hour ($65,000 per year). The added necessities of food, childcare, education, and other child-rearing expenses drive up the costs of living.     Is it expensive to live in Florida? One thing to remember is that Florida has multiple cities and several diverse populations. The home costs in Miami and Orlando will be much higher than similar listings found in Tallahassee or Ocala. While one city might be out of your price range, there might be an area nearby that works with your budget.  Salary.com has a cost of living calculator you can use to determine whether you can afford to live in certain areas. For example, Jacksonville is seven percent more affordable than the national average. Miami and Fort Lauderdale are 11 percent more expensive. One thing that contributes to the low cost of living in Florida is the tax rate. Florida is one of the lowest taxed states in the country, with no state tax and moderate property taxes. However, your tax savings might go into home insurance costs, which can be higher than normal in the hurricane-prone state.  What is the cheapest place to live in Florida? There are plenty of places to live in Florida that have a lower cost of living than Miami. You can also enjoy several towns farther inland from the beaches — where you won’t be required to have flood insurance and your property taxes might be lower. A few of the cheapest places in Florida include: Kissimmee: located just outside of Orlando, Kissimmee provides access to the theme parks without the price. Homes start in the low $100,000s and there are new properties built each year.  Cape Coral: this city is located just outside of Fort Myers and two hours south of Tampa. The median home price is $180,000 and there are more than 400 canals for you to find your dream waterfront property. With the money you save by moving here, you can buy a boat or enjoy weekend trips to Key West via the nearby ferry terminal. Gainesville: this city is home to the University of Florida and located in the central part of the state. The college-town vibes keep home prices low and its placement in the…

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Can You Afford the Cost of Living in Florida? – Career Karma

Average Salary in Florida: Can You Afford the Cost of Living in Florida? The cost of living in Florida is lower than you think. Popularly known as the Sunshine State, Florida is one of the most popular places to live in the United States. The white sand beaches and warm weather attract inhabitants from across the world. Its long coastline with over 825 miles of accessible beaches makes the state an excellent place to visit or relocate. You could live fairly comfortably in Florida if you’re earning above the median salary of $51,908 per year. This amount will help you cover the cost of groceries, the average rent in Florida, the cost of healthcare, and other typical expenses. In this guide, you’ll find out what a good salary is, salary comparisons by city, and general living expenses. Find Your Bootcamp Match Career Karma matches you with top tech bootcamps Access exclusive scholarships and prep courses Select your interest First name Last name Email Phone number By continuing you agree to our Terms of Service and Privacy Policy, and you consent to receive offers and opportunities from Career Karma by telephone, text message, and email. What to Know Before Moving to Florida Florida has a population of over 21 million inhabiting its 71,404 square miles. The state receives over 100 million visitors each year because of its beautiful beaches, sunny weather, and theme parks. Tourism plays a huge role in increasing Florida’s gross domestic product. In addition to the positive impact on GDP, Florida tourism activities have also enabled the state to remain without a personal income tax. This makes the state a popular spot and retirement haven for residents of the US. The biggest cities in Florida are Jacksonville, Miami, Tampa, St. Petersburg, and Orlando. These cities have the highest population, averaging 243,195 people. If you plan to move to Florida, you should familiarize yourself with the state’s facts and figures. Below we give you an in-depth cost of living analysis to help you decide whether Florida is the best state for you. What Is the Cost of Living in Florida? The cost of living in Florida is $1,832 per person per month, inclusive of rent. Without rent, a livable wage would be $705 per month. The cost of living index considers the price of food, healthcare, transportation, gas, electricity, and other expenses. According to the Missouri Economic Research and Information Center, the cost of living index in Florida is 100.3. This is an average index compared to 142.2 in California and a low index of 83.3 in Massachusetts. How Is Cost of Living Calculated? The cost of living is calculated based on the Consumer Price Index. This index measures the change in prices of goods and services in an area. It is based on the cost of food, shelter, transportation, health, and other provisions. Often the cost of these goods and services is compared with other metropolitan areas. Keep reading if you’d like an in-depth look at what contributes to the cost of living in Florida. What Contributes to the Cost of Living in Florida? Average Rent in Florida According to PayScale, the median rent in Miami, Florida, is $1,699 per month. The amount of rent you pay depends on the location and size of the house. Some areas in Florida attract a much higher rent price than others. For example, Miami and Orlando have record-high rent costs compared to other counties. According to RentData, the average monthly rent of a studio apartment is $784. The average rent price of a one-bedroom apartment is $864, and those who need a larger space will pay a typical rent price of $1,038 for a two-bedroom unit. Many people in Florida require housing assistance. Out of the 259,865 people living in the state, 38,980 people receive a housing allowance from the US Department of Housing and Urban Development. If you cannot afford apartments for rent, you can look into your eligibility before moving to Florida. Average Transportation Costs in Florida According to…

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Cost of Living in Florida, 2022 – Apartment List

Cost of Living in Florida, 2022Imagine warm, sunny weather for the majority of the year. Add in white sand beaches, delectable cuisine, and a plethora of entertainment options that mean you’ll never be bored again. That’s the dream Florida residents get to live every day. If you are considering moving to Florida, it’s crucial to figure out your budget beforehand. This guide will break down the cost of living in Florida to help you determine whether you can afford to live comfortably in the Sunshine State. Let’s dive in!Florida Housing CostsSince 2020, rent and housing prices have experienced a substantial drop across the state of Florida. Over the past year, prices have experienced record lows. However, they’re currently on the rebound. That said, it’ll take a fair period of time before rent prices recover to their previous year and beyond. Even now, the year-over-year rent price comparison shows that rent prices, though failing to reach their pre-pandemic numbers, are on the rise. Here’s a breakdown of the current rent prices for both one and two-bedroom apartment units in Florida’s major metropolitan areas.Miami rent prices have increased by 10% over the past month and a 66% increase from last year’s rates. Currently, the median price of a one-bedroom apartment in Miami sits at $2,700. A two-bedroom apartment sits at $3,600. Fort Lauderdale rent prices have increased by 3% over the past month. According to year-over-year comparisons, rent prices have increased by 41% compared to last year at the same time. Currently, a one-bedrooms median price is $1,975, and a two-bedroom price sits at $3,024.Tampa’s rent prices stayed flat over the past month, though are up 27.6% from a year-over-year comparison. The median rent price for a one-bedroom unit is $1,484. A two-bedroom unit runs for $1,810.Orlando has experienced a significant 1.9% rent price increase over the past month and a 28.9% increase compared to last year’s rates of the same time. Currently, the median rent price for a one-bedroom apartment sits at $1,527. The median price for a two-bedroom unit sits at $1,815.Learn more about Miami and Orlando’s average rent prices and trends. Florida TransportationAccording to MIT’s living wage calculator, a single adult resident of Florida can expect to pay $5,113 in transportation costs annually. A family of four, with two adults and two children, can expect to pay $13,896 in transportation costs annually. The calculation for these costs includes the number of vehicles used, gas, vehicle insurance, maintenance costs, and public transportation costs. That said, depending on your commute, whether you will rely on public transportation, and your car ownership information (owned, leased, or financed), you may come up with a vastly different number.Florida is not known for its robust public transportation options. However, major metropolitan areas have functional public transportation networks that enable residents to get around. That said, if you opt to forego owning a personal vehicle in a major city like Miami, expect to pay $1,740 annually for year-round access to buses and trains. Florida Food CostsBesides its sandy beaches, Florida is known for its plethora of dining options. It is a verifiable foodie paradise. That said, visiting these delightful food spots can make a dent in your budget.Data collected from MIT’s typical expenses report shows that Floridians spend a substantial amount on food-related expenses monthly. As MIT’s data is collected on the premise that no meals consumed are made outside of the home, it’s important to consider the costs of dining out alongside them.The following breakdown assumes that two adults eat out a modest one time monthly and prepare the rest of their meals at home. Here’s how much you can expect to spend on food in Florida’s major metropolitan areas.Miami: $365Jacksonville: $333Tampa: $340Orlando: $321Saint Petersburg: $335Florida Healthcare CostsHealth insurance costs will vary greatly depending on your personal health, medication costs, whether you rely on employer-provided or personal health insurance, and the number of individuals in your household. In short, it can be really challenging to…

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How Much Does It Cost to Live in Florida? – 2022

How Much Does It Cost to Live in Florida? – 2022 – MovingWaldo How Much Does It Cost to Live in Florida? Last updated on: August 3, 2022 What is the average cost of living in Florida?  The average cost of living in Florida is $2,919.38 per month.  Florida is the home of Disneyland World, Universal Studios, Kennedy Space Center, and some of the country’s most beautiful beaches. Moving to Florida would mean enjoying an average of 237 sunny days every year, compared with the U.S. average of 205 and zero inches of snow per year, whereas the nationwide average is 28 inches.Despite being one of the most popular vacations and retirement destinations in the U.S., Florida is an affordable state to live in. According to the Cost of Living Index, the average cost of living in Florida is not even 1% higher than the national average. According to Numbeo.com, the rent for a one-bedroom apartment in Florida is $1,746.00.In this article, we have covered everything you need to know before moving to the boating and fishing capital of the world. So let us take a look!(*Sofi) Cost of living in Florida- 2022 Housing cost in Florida No matter where you live, one of your most significant ongoing expenses will be paying for housing. Florida residents enjoy the 32nd-lowest cost of living in the United States. Florida has around 10 million housing units, according to the 2019 census. Below is the list of the rental costs of some famous cities in Florida: CITYSTUDIO1 BEDROOM2 BEDROOM3 BEDROOM4 BEDROOMORLANDO$1,828$1,706$1,871$2,338$2,596TAMPA$2,064$1,764$2,012$2,455$2,954FORT LAUDERDALE$1,940$2,033$2,761$3,983$5,671JACKSONVILLE$1,173$1,298$1,493$1,848$2,131LAKELAND$995$1,100$1,333$2,029$2,374Below is the list of the housing costs to buy an apartment in some famous cities in Florida:APARTMENTPRICE PER SQUARE METERPrice per Square Feet to Buy Apartment in City Center$343.26Price per Square Feet to Buy Apartment Outside of Center$169.73CITYMEDIAN COST ORLANDO$321,666TAMPA$310,378FORT LAUDERDALE$375,082JACKSONVILLE$301,415LAKELAND$253,711Housing prices vary throughout the state greatly depending on the location. (*Numbeo, Sofi & Zumper) What is the average rent cost for a 1-bedroom apartment in Florida? The median rent for a 1-bedroom apartment in the city is $1,746.00 per month. Utility cost in Florida: Internet, electricity & water Whether you own a house or pay the rent, you must cover the utility cost. Florida’s utility costs are pretty much the same as the national average. Keep in mind, since it gets hot in Florida, one needs to have enough budget for the air conditioners.  The average basic utility package that includes heating, electricity, water, and garbage in some famous cities of Florida is as follows:UTILITIESCOST PER MONTH IN DIFFERENT CITIES IN FLORIDA ORLANDOTAMPAFORT LAUDERDALEJACKSONVILLELAKELANDBasic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment$179.03$156.46$132.33$145.36$158.05Internet (60 Mbps or More, Unlimited Data, Cable/ADSL)$72.50$63.87$67.42$69.55$61.14(*Sofi, Numbeo, ISP.com & Apartmentlist.com) What is the average cost of utilities in Florida? The average cost of utilities (Internet, electricity & water) in Florida is $235.87 per month.  Grocery cost in Florida Food is another everyday expense that significantly impacts the overall cost of living in an area. Data from the U.S. Department of Agriculture shows that the cost of food varies from state to state.   GROCERY COST PER MONTH IN DIFFERENT CITIES OF FLORIDA   ORLANDO TAMPA FORT LAUDERDALE JACKSONVILLE LAKELAND Milk (regular), (1 gallon) $3.93 $4.08 $4.19 $3.96 $3.75 Loaf of Fresh White Bread (1 lb) $2.66 $3.20 $2.89 $3.07 $2.49 Rice (white), (1 lb) $1.92 $1.80 $2.03 $1.42 $2.04 Eggs (regular) (12) $3.20 $3.31 $2.57 $3.41 $2.24 Local Cheese (1 lb)  $4.74 $6.18 $4.99 $5.57 $6.43 Chicken Filets (1 lb) $4.65 $4.55 $5.25…

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A Guide to Cost of Living in Florida – Zumper

A Guide to Cost of Living in Florida iStock.com/Meinzahn Renters have plenty of reasons to want to move to Florida. With beautiful year-round weather, recreation activities that range from beaches to theme parks, and lifestyle possibilities ideal for low-key relaxing and constant partying alike, Florida has something for everyone. However, with this range of options comes a corresponding range of costs. Understanding the factors that affect the cost of living in Florida is essential for anyone planning a move to the state. Before you pack up your bags and schedule the moving truck, find out what you need to know about the cost of living in Florida. Florida cost of living at a glance Average cost of a one-bedroom apartment for rent in Florida is between $900-$2,000Average cost of utilities in Florida is $126.44 per monthAverage annual salary in Florida is $55,833 per yearCost of living in Florida is 70.6% lower than in Los Angeles The cost of living in Florida is slightly higher than the national average. Where you live in Florida significantly affects how much you can expect to pay for housing, utilities, and other costs. Overall, Floridians can expect to pay slightly more than the national average for housing costs and utilities, but slightly less for health care and grocery costs. However, how much you can expect to pay to live in Florida significantly varies depending on what city you call home. Florida housing costs Is the cost of living high in Florida? The overall cost of living in Florida depends on exactly where you decide to live. Florida is a big state, making it tough to get one estimate for housing costs. The state comes with generally high rental prices, and renting is relatively more expensive than buying in many cities. Current rental costs in Miami Studio:  $1,950 per monthOne-bedroom: $2,200 per monthTwo-bedroom: $2,900 per month Current rental costs in Orlando Studio: $1,754 per monthOne-bedroom: $1,687 per monthTwo-bedroom: $1,635 per month Current rental costs in Tampa Studio: $1,975 per monthOne-bedroom: $1,750 per monthTwo-bedroom: $1,950 per month Current rental costs in Daytona Beach Studio: $1,200 per monthOne-bedroom: $900 per monthTwo-bedroom: $561 per month Current rental costs in Fort Lauderdale Studio: $1,947 per monthOne-bedroom: $1,933 per monthTwo-bedroom: $2,586 per month While the average rent is slightly above the national average in the United States, you have many choices. For example, the average rent for a one-bedroom apartment in Tampa is a little over $1,700 per month, while the average monthly rent for a one-bedroom apartment in Miami is upward of $2,200 per month. You can easily find a one-bedroom apartment in Daytona Beach for less than $1,000 each month. All in all, the city you decide to settle in will significantly impact your average cost of living in Florida per month. Average salary in Florida Average salaries in Florida can also affect the affordability of housing costs. These are the average salaries in different cities of Florida: Miami: The average salary in Miami is $63,634 per yearOrlando: The average salary in Orlando is $41,410 per yearTampa: The average salary in Tampa is $58,278 per yearDaytona Beach: The average salary in Daytona Beach is $40,686 per yearFort Lauderdale: The average salary in Fort Lauderdale is $63,634 per year Some common employment industries in Florida include tourism, marketing, hospitality, and education. Some of the biggest employers in Florida include Walt Disney World and the Miami-Dade County Public Schools. Florida transportation costs Florida residents depend on their cars to get around, so you’ll need to budget for driving-related costs. Averages can range from 14% lower than the national average in Jacksonville to 13% higher than the national average in Sarasota, for example. The relatively high cost of transportation in Florida…

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Cost of Living in Florida (2022)

Cost of Living in Florida (2022) Have you been dreaming of moving to Florida? Chances are you love beaches, theme parks, snorkeling, airboats…and of course the warm weather!  Florida is one of the top vacation destinations in all the US. And with so much to offer, many people decide to take the plunge and relocate to the sunshine state.  However, it’s important to think about the cost of living in Florida before you pack up your belongings and put your home on the market. At first glance, Florida seems like an affordable place to live. After all, the average cost of living in Florida is slightly lower than the national US cost of living average. But this is simply an average. The cost of living in Florida not only depends on where in Florida you want to relocate, but where you are coming from!  Further, there are different factors to consider within the general cost of living in Florida average that may apply more to some people than others. For example, things like groceries, transportation, healthcare and housing should all be considered.  If you haven’t already, be sure to check out our complete checklist for moving to Florida which takes you through a lot of the decisions you will need to make — especially related to the cost of living. It’s an excellent guide to walk you through all the research and information needed to help you make the best decision about moving to Florida and stay organized! So let’s get into it! Average Housing Costs in Florida One of the things you have likely thought about if you want to move to Florida is the cost of housing. While some of us might think of big expensive beach houses or mansions in Florida, that’s not all there is. You will be glad to know that Florida’s median home price is $355,000 (as of July 2021 according to the Florida Realtors association) while the national median is $363,300 (as of June 2021 according to the WSJ). This means that the median home prices in Florida are actually about 2% LESS than the national median! So technically, the cost of buying an existing home in Florida is slightly lower than the US average. But again, you should really compare this to where you are moving from.  If you are moving from a high-cost city such as San Francisco, the prices in Florida may seem like a steal, but if you are moving from somewhere such as Ohio or Oklahoma then you could be paying more in Florida for a home. When considering moving to Florida and buying a home here, you should also keep in mind that the prices can vary drastically from one Florida city to another. For instance, the median home price in North Port, Florida (Sarasota County) is $328,000 which is about 10% lower than the national average and 28% higher in Fort Lauderdale. In Miami you might need to pay $454,500 for an average home while Tampa might offer similar homes for only $349,900. The average home price in Jacksonville is about $263,000, so it’s actually less than cities such as North Port or Tampa. And Orlando is only slightly less with an average home price around $325,000.* * Note: Median listing price data is sourced from Realtor.com and updated October 2021. Keep in mind that home prices across the country, including Florida have risen dramatically this year, and we have done our best to update our content but cannot guarantee accuracy due to the fluctuations of the market.  ** READ MORE => Cheapest Places to Live in Florida (that are…

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Cost of Living in Florida – Salary.com

Cost of Living in Florida Use Salary.com’s Cost of Living Calculator to easily compare the cost of living in your current location to the cost of living in a new location. We use the Consumer Price Index (CPI) and salary differentials of over 300+ US cities to give you a comparison of costs and salary. Let us help you make an informed decision about what it will cost to live and work in the city of your dreams! About Florida    Florida (/ˈflɒrɪdə/ (listen); Spanish for “land of flowers”) is the southernmost contiguous state in the United States. The state is bordered to the w….More The federal minimum wage is $7.25 per hour while Florida’s state law sets the minimum wage rate at $10 per hour in 2022. Demands for a living wage that is fair to workers have resulted in numerous location-based changes to minimum wage levels. View future changes in the minimum wage in your location by visiting Minimum Wage Values in Florida Cost of Living Index in Major Cities of Florida A comparison of the Cost of Living indexes across major Florida Cities compared to the national average. The calculations are based on the total cost of energy, food, healthcare, housing and transportation, among other factors. City, State Compared to national average City, State Jacksonville, Florida Compared to national average -7.4% City, State Miami, Florida Compared to national average + 11.6% City, State Tampa, Florida Compared to national average -5.6% City, State Saint Petersburg, Florida Compared to national average -5.5% City, State Orlando, Florida Compared to national average -0.8% City, State Tallahassee, Florida Compared to national average -6.0% City, State Boca Raton, Florida Compared to national average + 10.5% City, State Bradenton, Florida Compared to national average -3.2% City, State Brandon, Florida Compared to national average -5.7% City, State Cape Coral, Florida Compared to national average -3.2% City, State Clearwater, Florida Compared to national average -5.4% City, State Coconut Creek, Florida Compared to national average + 11.4% City, State Daytona Beach, Florida Compared to national average -7.0% City, State Fort Lauderdale, Florida Compared to national average + 11.4% City, State Fort Myers, Florida Compared to national average -3.2% City, State Gainesville, Florida Compared to national average -6.6% City, State Hialeah, Florida Compared to national average + 3.6% City, State Hollywood, Florida Compared to national average + 3.5% City, State Melbourne, Florida Compared to national average -6.3% City, State Palm Bay, Florida Compared to national average -6.3% City, State Pembroke Pines, Florida Compared to national average + 3.5% City, State Pensacola, Florida Compared to national average -11.8% City, State Port Saint Lucie, Florida Compared to national average + 1.5% City, State Sarasota, Florida Compared to national average + 3.3% City, State Spring Hill, Florida Compared to national average -6.1% City, State West Palm Beach, Florida Compared to national average + 10.1% Cost of Living by Cities in Florida Cost of Living by Major Cities Click to see the cost of living for these major U.S. cities. If you’d like to know the cost of living in other cities, then please select a city in About Florida Florida (/ˈflɒrɪdə/ (listen); Spanish for…

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