The Cost of Living in Florida
Key Takeaways The cost of living in Florida is 2% higher than the national average. Florida’s median home price is $478,500. Its median rent (two bedroom) is $1,682. Both are higher than the national average. There is no state income tax in Florida, and its average sales tax is 7.02%.
Cost of Living Analyst
2/29/20241 min read
Utilities
Utility costs like energy and phone use in Florida range from 13% lower than the national average in Tallahassee to 17% higher in Pensacola. Fort Meyers is somewhere in the middle range among Florida cities for utility costs and is pretty much the same as the national average.
Taxes
Can you guess how much income tax Florida charges? Zilch, zip, nada, nothing! That’s right, folks, the Sunshine State doesn’t take any of the hard-earned money out of your paycheck or retirement income