Florida is a large state that attracts many people who choose to settle in popular towns such as Orlando or Boca Raton. However, these cities can be quite costly.
Fortunately, there are numerous affordable places to reside in Florida that provide safety and amenities similar to those in more expensive areas. Keep reading to explore the 5 most affordable places to live in Florida.
5 Cheapest Places to Live in Florida in 2023
- Jacksonville
- Cape Coral
- Gainesville
- Dade City
- Dunedin
1. Jacksonville
Jacksonville, Florida, is the most affordable place to live in the state and also happens to be one of the largest cities in the United States. Situated near the northern border of Florida and Georgia, Jacksonville stands out as an affordable option for those who desire the Floridian lifestyle.
The median home cost in Jacksonville is approximately $260,000, which is $60,000 lower than the national average. Renting a one-bedroom apartment typically amounts to around $975 per month, offering prices below the national average.
With an estimated monthly expenditure of $1,900, one can lead a comfortable life in Jacksonville, making it the most budget-friendly city in Florida.
Jacksonville boasts a low unemployment rate and a wide selection of available homes, simplifying the job search process. Additionally, its proximity to other major cities makes commuting for work feasible. Remarkably, Jacksonville boasts one of the largest total areas among all cities in the United States.
In Jacksonville, one can unwind on the beach or catch a movie, as the city caters to a family-friendly atmosphere with attractions such as a zoo, impressive museums, and even a state park.
With its affordability and abundance of amenities, Jacksonville offers an array of experiences, whether within the city itself or along its beautiful coastline.
2. Cape Coral
Cape Coral, located in the southwestern part of Florida, is the second most affordable place to live in the state. It is known for its low cost of living and safety, boasting one of the lowest crime rates in Florida.
With a median home cost of approximately $290,700, Cape Coral is below both the state and national averages. Renting a one-bedroom apartment typically costs around $1300.
Moreover, the area imposes fewer taxes, allowing residents to retain more of their income. This makes it an attractive destination for retirees.
While transportation and groceries can be slightly expensive in Cape Coral, the overall cost of living remains lower compared to many other towns in Florida. Its prime location makes it an appealing choice for those seeking to live near the water.
Cape Coral is often referred to as the “Waterfront Wonderland” due to its extensive canal system, providing residents with easy access to water activities.
Additionally, the city is in close proximity to Disney, offering plenty of dining options and leisurely strolling opportunities. Fishing enthusiasts will also find enjoyment in the area, as it provides ample opportunities for their favorite pastime.
3. Gainesville
Gainesville, located in the northern central part of Florida, is an affordable city. It is home to the University of Florida and Santa Fe College, making it one of the larger cities in Central Florida. Despite its size, Gainesville offers a lower cost of living compared to other cities of similar stature.
The median home cost in Gainesville is approximately $210,000, which is below both the Florida and national averages. Renting a one-bedroom apartment here costs around $1,100. However, utilities can be a bit expensive in the area.
One of the major advantages of living in Gainesville is its thriving job market, particularly within the college system. Finding employment in the Gainesville area is relatively easy due to the increasing opportunities available.
Gainesville offers a variety of recreational activities. Residents and visitors can enjoy hiking trails, public parks, and lakes. Additionally, the city boasts a museum that provides a delightful way to spend a day exploring its exhibits.
4. Dade City
Dade City, located in Florida, is known for its affordability, making it one of the cheapest places to live in the state. Its proximity to Tampa also makes commuting to the city convenient for those working there. In fact, Dade City may be considered the most affordable place to live in Florida.
The median cost of living in Dade City is approximately $179,500, significantly below both the state and national averages. For a one-bedroom apartment, you can expect to pay around $1,372, offering spacious and secure accommodation.
Dade City boasts a range of employment opportunities, simplifying the job search process. Additionally, it is situated near several prominent universities, providing access to diverse careers and opportunities for further education.
Residents of Dade City have plenty to enjoy in terms of recreation and entertainment. The city is close enough for a commute to Orlando, and there are numerous national parks and trails nearby for outdoor enthusiasts. For those seeking cultural experiences, Dade City offers various museums and dining establishments to explore.
5. Dunedin
Dunedin, a unique town in Florida, is renowned for its affordability. It appeals to those seeking a relaxed lifestyle with its charming atmosphere. The city boasts excellent schools and a low crime rate, making it an ideal place for families.
Currently, the median home cost in Dunedin is approximately $340,000, although the market is subject to change. Many homes are sold around the $245,000 mark. Renting a one-bedroom apartment in Dunedin typically costs around $1,100.
Transportation and utility expenses in Dunedin are highly favorable. Most costs in the town fall below the state average, contributing to its affordability.
Dunedin offers a wide range of activities for residents. From its pristine sandy beaches to its extensive golf clubs, there’s something for everyone to enjoy in this picturesque town. Additionally, thrill-seekers and children can look forward to the annual Scottish Highland Games held in Dunedin.
