Freepik.
Florida is a state whose main economy is based primarily on tourism. It has a calm climate all year round and its miles of beaches attract people from all over the world.
As such, the Sunshine State is considered one of the most expensive areas to live in, although there are some places that are more affordable.
Miami, for example, is one of the most important areas, mainly due to tourism and housing income.
According to the Semana website, it’s the second most expensive city to live in, “able to push the price up from $247,112 on average”.
Rent in Miami is $1408 a month; however, areas can also be found that are below 9.3 percent.
According to the above media, on average, a Florida residence can reach a price of $196,800 while others are worth $322,800.
Regarding the consumer spending of Florida residents, they detail: in Miami they spend about $365, in Orlando $321, in Tampa $340 and in Jacksonville $333.
For the medium, transportation is another aspect to consider as they typically spend $920 in a year just on gas. On the other hand, the sum insured is about $1,295 and a person’s taxes are valued at $5,305.
Now the other side. Where is the cheapest place to live in Florida?
According to the article, some of the cheapest places to live in Florida include: Suwannee, Bradford, Levy, Dixie, and DeSoto.
The areas that are very expensive would be Monroe, Broward, Palm Beach, Miami Dade and Collier.
In these locations, the average interest cost for a home can exceed $200,000 and in some cases there are sales of up to $300,000.
Perhaps for all of these reasons, many choose to live in a state other than Florida. You can get properties with lower cost.