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Apr 16, 2024 · Average Crime Rate per 1,000 Residents below Florida average; To find the cities that have the lowest cost of living in Florida, we also evaluated all of the potential places on the amenities and desirability that each location had to offer. Finally, we took a weighted average of each of the below category to create our final score and ranking:
Sep 1, 2023 · Average rent for a 1-bedroom apartment: $1,163. Median household income: $46,841. Nearest major metro: Gainesville (40 miles) Ocala, FL homes for sale. Ocala, FL apartments for rent. 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.
- Alison Bentley
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- Palm Bay. HOME iA Score: 95/100. Population: 128,655 | Rank Last Year: #4. Cost of Living: 8% below the U.S. national average. Home price to income ratio: $349,900/$73,765 = 4.73 (buying homes is very affordable)
- Kissimmee. HOME iA Score: 94/100. Population: 79,995 | Rank Last Year: #10. Cost of Living: 17% below the U.S. national average. Home price to income ratio: $359,900/$56,291 = 6.39 (buying homes is semi-affordable)
- Cape Coral. HOME iA Score: 93/100. Population: 221,997 | Rank Last Year: #3. Cost of Living: 4% above the U.S. national average. Home price to income ratio: $377,400/$70,564 = 5.35 (buying homes is mostly affordable)
- Port St. Lucie. HOME iA Score: 92/100. Population: 240,777 | Rank Last Year: #47. Cost of Living: 1.4% lower than the U.S. national average. Home price to income ratio: $372,300/$63,771 = 5.81 (buying homes is moderately affordable)
These cities have the lowest cost of living in all of Florida. Listed above are the most affordable places to live in Florida with a population of more than 5,000 people. To calculate the most affordable cities in Florida, the cost of living index for each city was calculated, then compared to the national average of 100.
Mar 1, 2024 · Wyoming. $1764. The cost of living in Florida is $2502, which is 1.14 times more expensive than the average in the United States. Florida ranked 10th most expensive and 16th best state to live in the United States. The average salary after taxes in Florida is $4396, which is enough to cover living expenses for 1.8 months.
Average Property Tax: 0.93%. Housing Affordability: In addition to a below average overall cost of living, Tallahassee also scores well in home price-to-income ratio and median rent price. In fact, according to Zillow, the median rent price in Tallahassee has dropped $227 in the past year. 4. Vero Beach.
Oct 18, 2023 · Median Home Value: $171,700. Median Household Income: $52,972. Lakeland 's location between Tampa and Orlando provides outdoor beauty, a stable job market, and a tight-knit community spirit. Business is strong in Lakeland, and families settle in to take advantage of one of the cheapest cost of living in Florida.
