7 Cheapest Places to Live in Florida in 2024 (2024)

Cheapest Places to Live in Florida in 2024

This list provides insights into the average household income, median listing price, population, unemployment rate, and poverty rate of the cities.

7 Cheapest Places to Live in FL

The annual population growth of 18% since 2010 is reflective of people’s intention to move to Florida. While Florida is home to some of the most expensive cities in the US, here are some cities that offer affordable living options:

1. Lake City

Lake City’s median house rent is $1,400 and the median home value is $246,921. The overall cost of living here is 16% cheaper than the national average, making Lake City the cheapest place to live in Florida.

Lake City is famous as “The Gateway to Florida” because it sits along Interstate 75, making it an important location. The city has many different types of jobs in areas like tourism, mining for phosphate, making things from trees, and building things. These jobs help people find work and make the city’s economy grow.

»Homes for Sale in Lake City, FL:Find your dream home in this city.

2. Deltona

Deltona has the lowest cost of living in Florida which is 16% lower than the national average. The city’s crime rate which is 60% lower compared to other Florida neighborhoods also makes Deltona the safest place to live in the Sunshine State.

Situated in Central Florida, Deltona enjoys a convenient location with easy access to major cities such as Orange City, Lake Monroe, and Sanford. The city also has attractions like Green Springs Park and Deltona Lake, making it an ideal living destination for its inhabitants.

»Homes for Sale in Deltona, FL:Browse thousands of property listings in Florida’s Bright Spot.

3. Pensacola

Pensacola attracts homebuyers and renters alike given its affordable real estate. The median house rent price is about $1,795 and the median home price is $258,715, making it one of the cheapest cities to live in Florida.

Situated in Florida’s panhandle, Pensacola boasts over 50 miles of coastline along the emerald-green Gulf of Mexico waters, providing residents with stunning beaches and scenic views. Moreover, residents also enjoy a wide range of outdoor activities, including water sports, fishing, and hiking.

»Homes for Sale in Pensacola, FL:View all the properties for sale in this city.

4. Panama City

The overall cost of living in Panama City is 11% lower than the national average. Panama City is majorly praised for its affordable and high-quality health care. Even without health insurance, the cost of a routine visit to the doctor is just $2.

Panama City has a rich history, with significant landmarks such as Panama Viejo and Casco Antiguo. These sites show the colonial past and architectural heritage of the city.

»Homes for Sale in Panama City, FL:Browse through thousands of affordable properties.

5. Lakeland

The cost of living in Lakeland is 9% lower compared to the national average. It’s the least expensive and well-connected place to live in Florida.

Lakeland’s affordable food, health, housing, and transportation facilities make the city one of thecheapest places to live in the US.

»Homes for Sale in Lakeland, FL:Browse through thousands of properties in Swan City.

6. Gainesville

In Gainesville, people can find the cheapest real estate in Florida. The median house rent is about $1,600, and the median home price is $290,584.

Gainesville is called a college town because of the University of Florida. With an average household income of $61,568, residents can comfortably live in this college town.

»Homes for Sale in Gainesville, FL:Find a home in one of the cheapest places to live in Florida.

7. Jacksonville

Jacksonville is Florida’s fastest-growing city. Residents of Jacksonville benefit from a low cost of living, which is 4% less than the national average.

Enjoying a subtropical climate, Jacksonville boasts mild winters and warm summers, making outdoor activities accessible year-round. The city also offers relatively affordable housing, which is 21.5% lower than the national average.

»Homes for Sale in Jacksonville, FL:Get yourself a home in this vibrant city.

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The Bottom Line

The cost of living in Florida is 1% higher than the national average. It is also home to some of the most expensive cities in America. However, if you want to shift to Florida, you can find affordable housing in cities like Lake City, Deltona, and Pensacola.

Cities like Gainesville and Jacksonville have a slightly expensive cost of living but provide better job opportunities. You must research the city’s home prices and living costs before relocating.

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Research Methodology

We’ve created this list by considering factors such as cost of living, median home price, and rental price range. We have also accounted for the population, median household income, poverty rate, and unemployment rate in these cities.

To compile this list of the cheapest areas to live in Florida, we have drawn data from the Economic Research Institute,World Population Review, Rent Cafe, and Zillow.

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Cheapest Places to Live in Florida