In the ratings of the best places to live in the United States, the cities of Florida invariably appear.
In addition, Florida tops the list of the best states for retirement. When moving to the “sunny state” it is worth considering the size of the main expenses for local residents.
The average house price in Florida as of May 2023 is $410,000. Tenants and landlords should take into account that the average rent in Orlando is $ 2153, in Tampa - $2,255, Miami - $3,006. Utilities in Florida are only 1% higher than the national average. Annual transportation costs are $5,477 per adult. The cost of food is about $3,926 per year per adult.
There is no personal income tax in the state. The real estate tax rate is about 0.91% of the cost. This indicator is the average for the country. According to it, Florida is in 26th place out of 50 states in terms of property taxes.
There is a reliable labor market in Florida. According to data for May 2023, unemployment is only 2.6%, which is almost one percentage point lower than 3.4% nationwide.
Right now, more residents are moving into Florida than are leaving. The annual population growth is 1.9%, which made the region the fastest growing state in 2022.