A Guide to Cost of Living in Florida


Renters have many reasons for wanting to move to Florida. With beautiful weather year-round, recreational activities ranging from beaches to theme parks, and lifestyle opportunities ideal for low-key relaxation and constant partying, 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 considering relocating to the state. Before you pack your bags and plan the moving truck, find out what you need to know about the cost of living in Florida.

What is the cost of living in Florida for housing?

Is the Cost of Living High in Florida? The overall cost of living in Florida depends exactly on where you decide to live. Florida is a large state, which makes it difficult to get a housing cost estimate. The state has generally high rental prices, and renting is relatively more expensive than buying in many cities.

While the average rent is slightly above the national average in the United States, you have several choices. For example, the average rent for a one-bedroom apartment in Tampa is just over $ 1,000 per month, while the average monthly rent for a one-bedroom apartment in Miami is over $ 1,500 per month. month. You can easily find a one bedroom apartment in Daytona Beach for less than $ 1,000 per month. Overall, the city you decide to move to will have a significant impact on your average Florida cost of living per month.

What is the cost of living in Florida for utilities?

Average utility costs in Florida also depend on where you live. In cities like Tampa, utilities such as energy and telephone use are about 14% lower than the national average. Head to Palm Coast and you’ll find costs around 18% higher than the national average. Miami sits in the middle of that range, with average utility costs about 2% higher than the national average.

If you are like many Florida residents, utility costs will not be negotiable. Hot summers mean you’ll be cranking up the air conditioning whenever you get the chance. Be sure to plan for these expenses if you plan to relocate to the Sunshine State.

What is the cost of living in Florida for shopping?

The average cost of groceries will also depend on where you are in Florida. While overall grocery costs tend to be slightly lower than in other parts of the country, here you’ll find a range of averages. The tropical climate makes it easy to find many fruits and vegetables that you might not have available to you in other parts of the United States.

Average comparisons range from Daytona Beach’s rate 4% below the national average to Miami’s rate 11% above the national average. Tampa offers some middle ground, with groceries costing about 8% more than the national average. Even if you’re paying for premium groceries, easy access to beachside picnics is probably worth it.

What is the cost of living in Florida for transportation?

Florida residents depend on their cars for getting around, so you’ll need to budget for the costs of driving. Again, 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 stems from several factors. Although gasoline prices in the state are close to national averages, a typical commute takes almost 30 minutes. Add to that the limited number of transit options and the amenities spread over great distances, and you’ll almost certainly need a car. Plus, some Florida cities have extensive – and expensive – toll roads that further increase your monthly transportation budget.

What Are Florida Taxes Like?

In addition to year-round sunshine, Florida has a significant advantage that continually attracts new residents. The state offers a low tax burden, which helps bring down the cost of living in Florida when you look at the big picture.

Florida does not charge any income tax to its residents. The national sales tax is 6%, although this percentage is higher in some places thanks to a departmental tax. Still, that keeps Florida on the lower end of the nation’s spectrum for total sales tax.

You will need to plan for special fees in Florida. These charges include special taxes on gasoline, telephone services and alcohol. Florida has some of the highest national taxes on gasoline and cell phone use.

What other costs can you expect in Florida?

At this point, you probably aren’t surprised to learn that other costs in Florida fluctuate based on location. Health care costs can range from the Jacksonville rate, about 16% below the national average, to the Vero Beach rate of 11% which is above the national average.

Miscellaneous expenses, including restaurants, entertainment, personal care, and clothing, also come in a range of numbers. Tallahassee provides a fair overview of all Florida cities, with varying costs around the national average. The wider range includes costs 9% lower than the national average in Palm Coast to a 7% higher rate in Fort Myers.

What’s the cost of living in Florida? Considering everything, Florida is roughly on par with the US averages overall. You’ll want to take a close look at the specifics of your chosen city to create an accurate budget for yourself. The cost of items such as rent, groceries, etc. can vary widely depending on where you set up shop.

With everything from low-key beaches and famous theme parks to sparkling nightlife and relaxed days in the great outdoors, Florida has something for everyone. You are sure to find the place of your dreams in Florida whatever your budget.

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