Most Affordable Places to Live in Florida

Are you looking for information about houses in Orlando, or the most affordable places to live in Florida? Then you are in the right place. Florida is a great state with lots of exciting features, and living there wouldn’t be such a bad idea. However, it is good to live according to your means, which is why looking fan affordable place to live in is essential to help you avoid high living costs. Florida is among the three most popular states in America, the other two being New York and California. So, why is Florida so popular? Well, the state has a mild climate and offers a lot of fun all year long. It is also one of the most affordable states in America.

 

1. Cape Coral

Cape Coral is among the best and most affordable places to live in Florida. It features over 400 miles of canals, which is actually more than any other city in the world. Cape Coral is the biggest city between Tampa and Miami. Fort Meyers is just located across the Caloosahatchee River. Cape Coral is also known as the “Waterfront Wonderland” and is a hub for boating as well as fishing.

 

The average home price in Cape Coral is around $180,000, which puts it among the most affordable places to live in Florida. Another advantage of Cape Coral is that you won’t need to spend a lot of money to have fun. You will get a house whereby your hard-earned money gets you great value in return. You will also love the neighborhood as it features modern social amenities as well as great entertainment joints.

 

2. Fort Meade

Houses in Tampa are highly ranked, and if you like the place, then Fort Meade is a good town to consider. Fort Meade has a population of 6,013 people and is located in Central Florida just east of Tampa. It is ranked as the best and most affordable place to live in Florida. In terms of the home price to income ratio, Fort Meade is ranked the 2nd most affordable place. Fort Meade is also ranked the 34th cheapest place in terms of rent to income ratio.

 

When it comes to the average household income, the town comes in at $43,233. The average home value of Fort Meade is $74,800. Fort Meade also has an unemployment rate of 9.8 percent.

 

3. Quincy

If you are planning on buying a house in Florida, then Quincy is among the most affordable place to consider. It has a population of 7,512 and is ranked number 7 among the most affordable places to live in Florida.

 

Quincy is the 35th cheapest place when it comes to income to rent ratio and the 15th most affordable place in terms of home price to income ratio. Quincy has an average household income of $35,509 and an average home value of $91,900. The unemployment rate in Quincy is around 6%.

 

4. Live Oak

Houses in Orlando are known to be quite costly, but one place that you can always count on is Live Oak. Ranked the 2nd cheapest place to live in, Live Oak is a small town located in Northern Florida. It has a population of 6,888 people and is ranked the 6th most affordable place to live in, in terms of home price to income ratio.

 

Live Oak is the 21st cheapest place to live in Florida in terms of income to rent ratio. It has a average household income of $39,827, and the average home price sits at $88,700. Live Oak has an unemployment rate of 12.3%.

 

5. Palm Bay

Initially known as Tillman, the city was given the name “Palm Bay” back in the 1920s due to its sabal palm trees. Palm Bay consists of a large and intricate area of barrier islands, beaches, as well as coastal communities that comprise of “Space Coast” since the Cape Canaveral and also the John F. Kennedy Space Center is situated there, around the northernmost large barrier islands.

 

The primary industries in Palm Bay include telecommunications and technology. It has an average home price of around $90,000.

 

6. Macclenny

Macclenny is also another affordable place in Florida, with a small population of 6,482 people. Last year it was ranked the 4th cheapest to live in and the 13th most affordable place in terms of home price to income ratio. It is an ideal destination if you are trying to find an affordable big town feel.

 

Macclenny is an ideal place to live in because it features great deals in terms of renting. Therefore, it can be an excellent place to rent a house while deciding when to buy your dream home. Macclenny is the 9th cheapest place to rent based on the income to rent ratio.

 

The average household income is $49,458, and it has an average home value of $122,800. The unemployment rate in Macclenny is around 6.1 percent. You will feel right at home when you decide to purchase a house in this city, you will also enjoy modern social amenities as well as good entertainment.

 

7. Milton

Milton has a population of 9,771 people and is the 13th cheapest place to live in Florida. In terms of the home price to income ratio, Milton ranks at number 8. Milton is also the 50th cheapest place in terms of the income to rent ratio. If you’ve always wanted to buy a house in the panhandle, then Milton is the right option to consider.

 

Milton has an average household income of $55,848 and an average home price of $131,000. Rent is also much cheaper in Milton compared to the statewide average, as the average price is $1,030. The unemployment rate in Milton is around 5.9 percent.

 

Conclusion

Florida is a great state to consider, and it also has plenty of affordable places to rent or buy a house. Therefore, what you need to do is ensure you find a good place that suits you according to your preferences. Whether your looking to buy condos or houses in Orlando or elsewhere, Florida is sure to have what you’re searching for.

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