A Guide on Cost of Living in Florida

8 minute read
Cost Of Living in Florida

The expense of residing in Florida, United States differs based on the specific city you choose to reside in. Fort Lauderdale stands out as the most expensive city in the state, with a cost of living that is 21% higher than the state average and 22% higher than the national average. On the other hand, Palm Coast is the most affordable major city in Florida, where the cost of living is 14% lower than the state average and 13% lower than the average cost across the United States.

Also Read: Cost of Studying in Germany

Why Choose Florida to Study Abroad?

Florida is renowned worldwide for its sunny weather, theme parks, warm beaches, vibrant art scenes, and bustling nightlife, making it a highly sought-after travel destination. However, when it comes to education, the universities in Florida offer exceptional academic opportunities for both local and international students. 

Florida is home to some of the finest universities globally, excelling in various fields. As a result, students from around the world are attracted to these institutions. With a wide range of academic programs available for undergraduate and postgraduate students, Florida’s colleges and universities are the most coveted choice for those seeking advanced educational opportunities. 

Here are some key reasons why opting for a university or college in Florida can enhance your academic profile:  

Universally Ranked 

One of the primary reasons students favour the best universities in Florida is their global rankings. These institutions owe their reputation to their world-class infrastructure, dedicated faculty members, and excellent career prospects. Some of the top universities in Florida are University of Florida, University of Miami, and Florida State University

Diverse Range of Courses 

The majority of top universities in Florida offer exceptional educational programs catering to both local and international students. Whether you are pursuing an undergraduate degree, postgraduate studies, or a doctorate, these universities provide a wide array of courses to choose from.  

Quality Education

Top universities in Florida place special emphasis on accommodating international students. They offer specialized programs tailored to meet the educational needs of students from all corners of the world.  

Enriching Lifestyle 

Florida is renowned for its vibrant nightlife, events, theme parks, and cuisine. Students studying at the top universities in Florida can fully immerse themselves in this exciting lifestyle and enjoy a fulfilling experience.  

Various Scholarship Opportunities

International students studying in Florida have access to numerous scholarship options. These range from educational scholarships to study grants, providing ample opportunities for financial support.  

Choosing a university or college in Florida not only offers an enriching academic experience but also opens doors to a thriving lifestyle and a host of scholarship opportunities.

Also Read: Cost of Living in France: Rent, Food, Expenses and More

Cost of Living in Florida 

If you have aspirations of spending your days on the beautiful beaches of Florida, you’ll be pleased to know that it is a budget-friendly choice. According to data collected by MERIC in 2022, Florida residents enjoy the 32nd lowest cost of living in the United States. 

While being 32nd may not be the most impressive ranking, it becomes noteworthy when you consider the expenses associated with enjoying California’s beaches as a resident, as California holds the fourth-highest cost of living in the country. 

Rankings provide a broader perspective, but what exactly does the cost of living in Florida entail? Based on data from the Bureau of Economic Analysis in 2021, the average annual total personal consumption cost in Florida amounts to $50,689 (INR 41.58 lakh). 

Now, let’s delve into the breakdown of this figure: 

Category  Average Annual Per-Capita Cost  in Florida  
Transportation Costs $5,477 (INR 4.49 lakh) to $15,530 (INR 12.73 lakh) 
Food and Beverages (non-restaurant)   $3,886 (INR 3.18 lakh)
Housing and Utilities  $9,656 (INR 7.92 lakh)
Healthcare  $7,676 (INR 6.29 lakh)
Gas and Energy Goods  $909 (INR 74.5k)
All Other Personal Expenditures  $28,562 (INR 23.42 lakh)

Transportation Costs

The average cost of transportation in Florida is $5,477 (INR 4.49 lakh) to $15,530 (INR 12.73 lakh) per year. 

Here is what you can expect to spend on transportation in Florida:

Family Makeup Average Annual Transportation Cost
One adult, no children $5,477 (INR 4.49 lakh)
Two working adults, no children $9,851 (INR 8.08 lakh)
Two working adults, three children $15,530 (INR 12.73 lakh)

Food and Beverages (Non-Restaurant)  

According to estimates from the Bureau of Economic Analysis, the average annual cost of non-restaurant food for individuals in Florida is approximately $3,886 (INR 3.18 lakh). This translates to around $324 (INR 26.57k) per month. For a family of four, the expected monthly expenditure on groceries would be approximately $1,296 (INR 1.06 lakh), give or take.

Restaurant Food Expenses 

When dining out, an average meal in Florida should cost around $20 (INR 1.64k) per person. Breakfast prices are usually a little cheaper than lunch or dinner. The price of food in sit-down restaurants in Florida is often higher than fast food prices or street food prices. 

Housing Costs in Florida 

Housing expenses make up a significant portion of ongoing costs, regardless of your location. In Florida, there is a wide range of housing options available, with nearly 10 million housing units in the state, as reported by the 2021 census. So, how much does housing cost in Florida? According to Zillow, the typical value of homes in Florida was approximately $377,816 (INR 3.098 crore) in February 2023. In comparison, the median existing-home sale price in the United States was $359,000 (INR 2.9 lakh) the previous month. 

Thus, housing costs in Florida can range from $1,137 (INR 93.26k) per month, depending on various factors such as location and property type.

Have a look at the monthly housing prices in Florida as per census data from 2021: 

  1. Average monthly mortgage cost: $1,618 (NR 1.32 lakh)
  2. Average studio rent: $1,137 (INR 93.26k) 
  3. Average one-bedroom rent: $1,142 (INR 93.67k)
  4. Average two-bedroom rent: $1,352  (INR 1.1 lakh)
  5. Average three-bedroom rent: $1,542 (INR 1.26 lakh)
  6. Average four-bedroom rent: $1,828 (INR 1.49 lakh)
  7. Average five-bedroom (or more) rent: $1,981 (INR 1.62 lakh)
  8. Average gross rent: $1,348 (INR 1.1 lakh)

Utility Costs in Florida

Here is what your utility cost is going to look like in Florida:

Utility Average Florida Bill
Cable & Internet $111 (INR 9.1k)
Gas $136 (11.15k)
Electricity $130 (INR 10.6k)
Water $34 (INR 2.78k)


The 2021 Bureau of Economic Analysis Personal Consumption Expenditures by State report discovered that the average annual cost of healthcare per person in Florida is $7,676 (INR 6.29 lakh). However, it is important to recognize that individual healthcare expenses are influenced by personal medical requirements and the extent of health insurance coverage.

Personal Spendings

Now that we have discussed the essential expenses, let’s delve into some of the non-essential aspects that add enjoyment to life. 

In terms of personal expenditures in Florida, which average at $28,562 (INR 23.42 lakh) per person annually, here are some ways in which Floridians may allocate some of that money (costs are accurate as of March 2023):

• For those who love the magical world of Disney, Walt Disney World offers annual passes starting at $399 (INR 32.7k) per person per year, with higher-tier options reaching up to $1,399 (INR 1.14 lakh).

• Families looking for an affordable day out can enjoy quality time at the Miami Zoo, where admission fees range from free to $22.95 (INR 1.8k) depending on age.

• To experience the thrill of being up close with the famous alligators Florida is known for, Gatorland offers tickets starting at $22.99 (INR 1.88k).

• Enjoying a day on one of Florida’s beautiful beaches comes at no additional cost, except for expenses like parking and snacks.

Average Tuition Fees in Florida

The average undergraduate tuition & fees for Florida colleges in 2022 was $3,838 (INR 3.14 lakh) for Florida residents and $18,272 (INR 14.98 lakh) for out-of-state students. The average graduate tuition & fees for Florida colleges in 2022 is $9,963 (INR 8.17 lakh) for Florida residents and $17,428 (INR 14.29 lakh) for out-of-state students. The cost of attendance varies by school type, residency, and academic year.

Also Read: Cost of Living in Italy

Things to Know When Moving to Florida

Here are some of the important points to consider when relocating to Florida: 

Higher Cost of Living 

Although real estate is relatively affordable, the overall cost of living in Florida is higher compared to other states. The state’s cost-of-living index is 102.8, slightly above the national average. Be prepared for higher expenses due to a 6 percent statewide sales tax and property taxes.  

Abundant Coastlines

With over 1,000 miles of coastline along the Gulf of Mexico and the Atlantic Ocean, Florida offers ample opportunities to relax on beautiful beaches. You can unwind and enjoy the ocean breeze while sipping a margarita.  

Consider the Impact on Your Home 

Living near the beach comes with its challenges. The humid and salty sea air can potentially damage electronics and appliances, and the sand can create maintenance issues. Having a home warranty is crucial to protect against wear and tear.  

Prepare for Hurricanes 

Florida is susceptible to hurricanes and tropical storms, especially during the peak season from August to November. It’s important to take necessary precautions, fortify your home, and create an emergency plan for your family.  

Job Opportunities and Housing Availability

Florida has a robust housing market with a high number of homes for sale. The state’s tourism industry plays a significant role in the economy, supporting numerous jobs. If your expertise lies in tourism or travel sectors, finding employment may be relatively easier, especially as tourism rebounds from the impact of the COVID-19 pandemic.

Also Read: Cost of Living in London for Students


Q1. Is the cost of living in Florida high compared to other states?

Answer: The cost of living in Florida is generally lower than in many other states. However, it can vary depending on the specific city or region within Florida.

Q2. What are some of the major expenses to consider in Florida?

Answer: Some significant expenses in Florida include housing costs (rent or mortgage payments), healthcare, transportation, utilities, groceries, and insurance. These expenses can vary depending on factors such as location and personal lifestyle choices.

Q3. Are property taxes high in Florida?

Answer: Property taxes in Florida are relatively moderate compared to some other states. However, it’s worth noting that property tax rates can vary depending on the county and city within Florida.

Q4. How do housing costs in Florida compare to other states?

Answer: Housing costs in Florida vary depending on the specific city or region. In general, Florida offers competitively priced real estate, with average home prices slightly lower than the national average. However, certain areas with high demand or desirable locations may have higher housing costs.

Q5. Are there affordable areas to live in Florida?

Answer: Yes, there are affordable areas to live in Florida. Some cities or regions may have lower housing costs and a lower overall cost of living compared to others. 

Many Indian students dream of pursuing education in the USA due to the exposure and career growth it offers. Consider joining a free counselling session with Leverage Edu if you are also planning to study abroad

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