This is the Cheapest City of Florida to Live In

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Written By Blue & Gold NLR Team

 

 

Florida’s appeal as a place to live goes beyond its sunny weather and beautiful beaches; it’s also known for being budget-friendly. Even though the median home prices in the state have slightly risen, there are still plenty of affordable options, especially in specific cities. Let’s take a closer look at the seven cheapest places to reside in Florida in 2024:

1. Lake City:

With a median household income of $65,505 and a median home value of $246,921, Lake City offers a cost of living that’s 16% lower than the national average. Known as “The Gateway to Florida,” Lake City provides diverse job opportunities, especially in sectors like tourism, mining, and construction.

2. Deltona:

Boasting a median household income of $72,044 and a median home price of $301,672, Deltona’s cost of living is 16% below the national average. Situated in Central Florida, Deltona stands out for its low crime rate and its proximity to major cities like Orange City and Sanford.

3. Pensacola:

With a median household income of $84,806 and a median home price of $258,715, Pensacola offers affordable real estate options. Residents here enjoy over 50 miles of coastline along the Gulf of Mexico, making it an ideal destination for outdoor enthusiasts.

4. Panama City:

With a median household income of $70,585 and a median home price of $273,386, Panama City’s cost of living is 11% lower than the national average. Besides affordable housing, Panama City boasts accessible healthcare and rich historical landmarks.

5. Lakeland:

Featuring a median household income of $74,477 and a median home price of $292,405, Lakeland offers a cost of living that’s 9% lower than the national average. Residents here benefit from its well-connected location and its affordable amenities.

6. Gainesville:

With a median household income of $61,568 and a median home price of $290,584, Gainesville stands out for its affordable real estate market. As the home of the University of Florida, Gainesville provides diverse job opportunities and a lively college town atmosphere.

7. Jacksonville:

Jacksonville, Florida’s fastest-growing city, offers a median household income of $79,817 and a median home price of $295,018. With a cost of living that’s 4% lower than the national average, Jacksonville boasts a subtropical climate and a vibrant cultural scene.

These cities offer affordable living options while providing various amenities and opportunities for residents. Whether you’re looking to settle down or embark on a new adventure, these budget-friendly locations in Florida offer promising prospects for a fulfilling lifestyle.

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