Florida’s appeal as a destination for living and retirement stems from its pleasant climate, stunning beaches, vibrant entertainment scene, and notably, its lower cost of living compared to many other states.
While Florida generally offers affordability, certain cities stand out for their particularly budget-friendly living conditions. Here are the top 10 most affordable cities to live in Florida:
1. University, Hillsborough County
- Total population: 48,367
- Median household income: $30,945
- Annual expenditures: $27,231.23
Despite some categories of expenditures being above the national average, University claims the top spot for affordability, with housing costs a remarkable 66% lower than the national average.
2. Ocala
- Total population: 62,351
- Median household income: $46,841
- Annual expenditures: $28,821.85
While utilities and groceries slightly exceed the national average, Ocala offers overall affordability with below-average expenses in most categories.
3. Pensacola
- Total population: 53,845
- Median household income: $59,119
- Annual expenditures: $29,286.82
Despite higher-than-average utility costs, Pensacola stands out for its significantly lower housing expenses compared to the national average.
4. Daytona Beach
- Total population: 71,041
- Median household income: $42,392
- Annual expenditures: $29,573.74
Healthcare costs are slightly elevated, but Daytona Beach offers affordable housing options, contributing to its overall affordability.
5. Fort Pierce
- Total population: 46,409
- Median household income: $40,323
- Annual expenditures: $30,149.71
While groceries and healthcare expenses are notable, Fort Pierce maintains affordability across other expenditure categories.
6. Titusville
- Total population: 48,158
- Median household income: $50,383
- Annual expenditures: $30,168.30
Titusville offers below-average expenses in all categories except miscellaneous expenditures, making it an attractive option for budget-conscious residents.
7. Lakeland
- Total population: 110,401
- Median household income: $52,972
- Annual expenditures: $30,686.92
Despite slightly higher grocery and utility costs, Lakeland provides affordable housing and transportation options.
8. Winter Haven
- Total population: 48,707
- Median household income: $50,842
- Annual expenditures: $30,716.90
With housing costs 28% below the national average, Winter Haven offers affordability, although utility expenses are slightly higher.
9. Port Charlotte
- Total population: 62,531
- Median household income: $54,956
- Annual expenditures: $30,777.64
Port Charlotte boasts affordable transportation and housing options, contributing to its overall affordability.
10. Palm Bay
- Total population: 118,709
- Median household income: $55,963
- Annual expenditures: $31,164.89
Despite being the largest city on the list, Palm Bay maintains affordability, particularly in housing costs, which are significantly below the national average.
These cities offer attractive living environments with lower costs, making them desirable options for individuals and families seeking affordability in the Sunshine State.