Florida is a state that needs little introduction. It's called The Sunshine State because it's sunny with mild winters year-round. It's known for its gorgeous beaches and beautiful resorts and is one of the golfing capitals of the world. Not to mention, it's home to many famous theme parks. If you're retiring to Florida, then chances are you want to spend your golden years having adventures, and we don't blame you. With that said, you may believe that the cost of living comes at a price. However, you might be surprised to learn that these costs are less than you think.
The cost of living in Florida is about two points below the national average. The highest cost you will pay in this state is the cost of groceries, which are seven points above the national average. However, the housing and median home costs are below the average, though rent is higher. Florida's costs can depend on where you're retiring to; a country club in Miami will be a lot more than a small home in a small town. So do your research and see which area is appropriate for your budget. Then, make Florida your home.
| COST OF LIVING | Florida | United States |
|---|---|---|
| Overall | 97.9 | 100 |
| Grocery | 106.9 | 100 |
| Housing | 99.6 | 100 |
| Median Home Cost | $215,300 | $291,700 |
| Utilities | 103.1 | 100 |
| Transportation | 101.7 | 100 |
| Miscellaneous | 98.4 | 100 |
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