Your income and spending is very low. Neither states rating is in the top 25 states but Illinois is ranked slightly higher. Florida cost of living is 102.8. Which state is the cheapest to live in? There are also modern chain stores like Walmart and Winn-Dixie at the edge of town. Visit the nearby Honeymoon Island State Park, enjoy the surrounding nature, and watch the beautiful sunset. The city scored well on providing future job opportunities, which was tied for the strongest job growth on this list, as well as on offering a good, affordable life with many things to do in the area, especially for seniors. Thank you Linda for your kind comment. According to my analysis of various publicly available sources, it would be harder to bored in Illinois than in most other states, because the state simply has more things to do and see. I am really glad that the article helped a senior citizen like you. Pricing for various packages can vary a lot even in the same location. Therefore, Lake Wales is one of the most affordable places to live in Florida, that also provides a safe community. Population: 16,199 Cost of Living Index: 86 Average Home Price: $223,000 (16% below Florida average) Average Rent Price: $907 per month Crime Rate per 1,000 Residents: 17.8 (29% below Florida average) Unemployment Rate: 3.4% 10 Year Job Growth Outlook: +51% Location: See in Google Maps. For cost of living and housing data, we used the latest U.S. Census report, the AreaVibes living index, and Zillows housing market data. Illinois, California, ETC are moving here and buying houses with cash and taking up a lot of the rentals in the . Milton, Florida offers one of the best income to home price ratios in Florida and is great for people who are looking for strong wages and cheap housing. Edgewater also has one of the lowest crime rates on our list of the cheapest and safest places to live in Florida, making it an affordable, yet safe place for everyone. You have given me so much information; the cities you mentioned appear to be more affordable than the West Coast. Use The Zebra to find and compare auto insurance rates by state. When we put together this list of the cheapest places to live in Florida, we not only considered the latest data on cost of living, but also housing values, crime rates, and desirability to give you the most complete list of cities that you would truly want to live in. I wanted to know what places you recommend for a single 25 year old who just graduated with a nursing degree. Depending on where you live, property taxes can be a small inconvenience or a major burden. Definitely, Cape Coral is one of the least expensive places to live in Florida. Sign up for notifications from Insider! The lowest-cost silver plan, the MDWise Marketplace Silver Basic, costs $3,432 a year with its higher-than-average monthly premium of $286. You can find cheaper options on the outskirts of Orlando. Palm Coast, located on Florida's upper east coast, is home to one of Florida's best-kept-secret beaches, so residents don't have to fight tourists for prime beach space. Florida is less expensive to live in, than other states. Above all, the violent crime rate is very low compared to other major cities in Florida. Miami is 14.0% more expensive than Chicago. It has not been verified or approved by the developer or association. Crime is also quite low, with less than 20 reported crimes per 1,000 residents, which is almost a quarter lower than the Florida average. You learn stuff you didnt count on. Thanks for the info. But it alone is not enough to justify a move to Florida at least from a financial perspective. If you are planning to move to Florida, try to avoid Opa Locka and Cocoa cities where the crime rate and poverty rate are very high. Set up your evening plans at Cocoa Beach Pier having fine seafood and enjoying the view. Vero Beach is considered 28% safer than other US cities. I am considering moving to Florida from the Oregon Coast, and at 73, its hard to start over when living on a fixed income. Watch CBS News MoneyWatch Florida is the least affordable place to live in the U.S. By Irina Ivanova May 2, 2022 / 11:52 AM / MoneyWatch Sally Starkey thought moving from Chicago to Florida. Americans are moving to Floridafor better weather and lower taxes. A: Every state has some good areas and some bad areas. The total cost of a single adult is around $33,980 a year which is less than the annual cost of living in other towns in Florida. Quincy is small but one of the most desired cities in northern Florida that lies in Gadsden County. There is quite some demand to enter this small community, so start looking now if you want to move here eventually. The states with the cheapest average car insurance include Maine, Idaho and Vermont. Where is the best area for lower cost housing? Located on the Florida panhandle just 30 minutes from Pensacola, Milton is a tight-knit community that balances low cost of living with low crime and good job prospects. One bedroom studio rent can be available for under $1200 per month. Have a great life ahead. www.wikipedia.org. The Bicycle Festival and Christmas Festival in Mount Dora draw a lot of visitors here. The idyllic temperature and stunning white sand beaches made it a popular romantic getaway in Florida. Required fields are marked *. Population: 9,771 Cost of Living Index: 92 Average Home Price: $192,000 (27% below Florida average) Average Rent Price: $999 per month Crime Rate per 1,000 Residents: 19.8 (22% below Florida average) Unemployment Rate: 3.4% 10 Year Job Growth Outlook: +43% Location: See in Google Maps. Hey thank you so much for doing this page Ive been planning on moving and Im so happy I ran across your page here, its giving me A LOT of insight and definitely better choices to live than what I was trying. Many have also been drawn there because it's one of nine states with no state income tax, which could potentially save them thousands of dollars per year. My sister is moving out of Florida for work and when she gives up her lease ($1550 for a 3 bedroom house with a ton of issues that dont get address, and she moved in as first occupant) the next tenant will be charged $2300 a month rent. Population: 20,768 Cost of Living Index: 99 Average Home Price: $238,000 (10% below Florida average) Average Rent Price: $1,120 per month Crime Rate per 1,000 Residents: 15.5 (39% below Florida average) Unemployment Rate: 3.6% 10 Year Job Growth Outlook: +34% Location: See in Google Maps. Florida is ranked right in the middle that divides the most expensive states from the more affordable. Here is our in-depth analysis of the 15 pros and cons of living in Florida. You rely on employment income and you would earn far less in Florida than Illinois doing the same job, or you cant find that type of work in Florida and have to settle for something that pays far less. Due to the citys close proximity toTampa and Orlando, you can go for a weekend trip to the famous theme parks and can have the best of these places. Located on the coast of northeast Florida, Jacksonville is the cheapest place to live in Florida. Florida is hotter and more humid than where you moved from, and it doesn't end when summer does. That was before Americans flocked to the state over the last few years and caused home and rent prices to surge. The Jacksonville airport is a large hub with plenty of major airlines. So, are you determined to move to Florida? Its considered one of the best places to live in Florida on a budget. READ ALSO: 15 Most Affordable Hiking Boots: Buying Guide. Is section 8 housing a option in Flordia? Massachusetts. What about Citrus county? And the most expensive states are (in order of most expensive to cheaper) . For reference, here is a summary of the pros and cons of living in Florida. Florida has a higher cost of living index than Texas across most categories. The downtown Dunedin area may be expensive but the outskirts of Dunedin is one of the cheapest areas to live in Florida. If you buy something through one of those links, you wont pay any extra penny, but Ill get a small commission that encourages me to deliver more helpful content for you. Additionally, a November Forbes analysis using data from the Kaiser Family Foundation found Florida to be the fourth most expensive state for healthcare in the country, adding that residents with employer-provided family health coverage pay over $7,000 annually, the highest premium of any state. Located in the southwestern part of Florida near Fort Myers, Cape Coral tops in our list of top 10 cheap places to live in Florida. This sprawling city has all the charm of a large city and suburban areas that families will love. Also, it is the powerhouse of regional economic high-tech companies and subsidiaries along the Space Coast. Groceries, utilities, and healthcare are also pretty affordable here. Here, I come to the end of the list of cheapest places to live in Florida, giving a complete insight into the cost, expenses, house price, crime rate, employment and healthcare. I want somewhere affordable but still close to the city. Also, it is 11% safer than other US cities. Stay up to date with what you want to know. The total cost of car ownership, which includes gas prices and repair costs, is slightly above the national average. You should have dinner at Shilohs Steak & Seafood, from where you get spectacular views of NASAs Kennedy Space Center. On average, the median income of an individual is $24,436. Population: 21,892 Cost of Living Index: 92 Average Home Price: $207,000 (22% below Florida average) Average Rent Price: $1,005 per month Crime Rate per 1,000 Residents: 16.7 (34% below Florida average) Unemployment Rate: 3.7% 10 Year Job Growth Outlook: +43% Location: See in Google Maps. It all depends on where you work, which city you live in, and how much risk you're willing to take when it comes to homeownership, insurance, and healthcare. So a day trip to the theme parks is definitely possible. The housing market here is even crazier right now with houses that are appraising at $225,000, selling for over $450,000. US News ranks the states with the best economic affordability, based on the cost of living and housing affordability. The city has an amazing home value to income ratio(2.8) if youre looking for the cheapest town to live in Florida. Dunedin is a small beach town with good schools, a low crime rate, a low cost of living, average job prospects. Also, the city draws visitors as it holds a strong position in the entertainment industry.
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