Top 10 Cheapest Place To Live In Florida is a state which can be found in the Southern part of the United States of America. Florida shares its borders with the Atlantic Ocean and Gulf of Mexico. A lot of national parks, theme parks, orange orchards, and the likes can be found in Florida.
Florida comes third when we talk about its population with an estimated population of 20million people. According to report, an average of 1000 people relocates to Florida almost everyday because of its hot weather, mild winter and sunny days. And you can also found some of the top 10 cheapest places to live in Florida.
In this article, we shall be highlighting the top 10 cheapest places in Florida. They are ;
1) Jacksonville
2) Saint Petersburg
3) Cape coral
4) Palm Bay
5) Palm Boast
6) Homosossa Springs
7) New Port Richey
8) Dade city
9) Bartow
10) Kissimme
1) Jacksonville
Jacksonville is located on the coast of Northeast Florida with an estimated population of about 911,000 people (3 years ago). Due to the fact that Jacksonville is a cheap place to live, the population rose by 10.9% between April 2010 and July 2019 which was above the country’s rate of 6.3%. (United States Census)
As at February 2022, Jacksonville has a median home price of about $279,696 with a mean household income of $54,701. The ratio stood at 5.11 and this was above the United State’s average of 4.0. Hence, its highly affordable to buy homes in Jacksonville. In fact, 75.8% of inhabitants of Jacksonville owns their home.
2) Saint Petersburg
St Petersburg is situated at central Florida on the west coast near Tampa Bay. The area has an estimated
population of 265,000. The cost of living in St. Petersburg is 1% below the country’s average. Also, renting of homes is affordable because it has an income to rent ratio of 3.4
Due to the low cost of living in Saint Petersburg, the population of the place rose by 7.6% within the duration 2010 and 2019 which was above the total United States rate of 6.3%.
3) Cape coral
Cape coral is a place situated in the Southwestern part of Florida. Its estimated number of residents is said to be 200,000.
Cape coral’s population rose by a whooping 26% between the duration of April 2010 and July 2019. And, this was outrightly above the US overall rate of 6.3%
Also, acquiring of homes in this area is quite cheap because the ratio of home price to income is 3.72
4) Palm Bay
Palm bay has a population of about 115,000 as at 2021. The cost of living over there is far below the country’s average (11%).
Becoming a home owner is cheap in Palm Bay is easy because the homes are affordable. Also, renting of homes is simple. More so, 74.5% of those living in Palm Bay own their homes.
5) Palm Coast
Palm coast is also one of the cheap places in which one can reside in Florida. The place is situated on the east coast of Florida.
The population of Palm coast increased by 19.4% within the duration of April 2012 and July 2019. This supersedes the overall U.S rate of 6.3%
It is easy to rent and own a home in Palm coast. About 74.3 % of those living in Palm Coast own their homes.
6) Gainesville
Gainesville is a big city which is situated at Alachua County. The cost of living in Gainesville is 2% below the United States of America’s average. Acquiring a home and renting of home is easy in this place. Also, cost of feeding in this area is cheaper, compared to other areas.
7) Homosossa Springs
The residents of this area is estimated at 13,971. The place is very cheap to live as its cost of living is 15% lower than the country’s average.
Acquiring home is so easy because the ratio of home price to income is 2.04 which is lower than the country’s average ratio of 4.0
8) New Port Richey
New Port Richey is one of the cheapest places to live in Florida as its cost of living is 8% lower than the United States of America’s average.
Also, buying and renting of homes is highly affordable.
New Port Richey has an estimated population of about 16,737 citizens. Due to the fact that New Port Richey is a cheap place to reside, the population rose by 12.2% between April 2010 and July, 2019 which is above the US rate of 6.3%
9) Dade city
Dade city is situated between Tampa and Orlando.
Dade’s cheap cost of living made the population to increase by 13.8% within February 2012 and July, 2019. It is very easy to own a home in Dade city and this has made it possible for more than half of the residents to own the homes they live in.
10) Bartow
Bartow is situated around Tampa Bay area. According to 2019 estimate, the area has the population of about 20,147 citizens. Been a cheap place to reside, the population of Bartow increased by 17.3% from April 2010 and July, 2019. And this was above the country’s average of 6.3%.
