Florida Has Two of the Best Cities to Live on $1,500 or Less a Month (2024)

FAQs

Where to live on 1500 month? ›

Living on a $1,500 a month budget is absolutely possible. Whether you're in-between jobs, starting a business, paying off debt, or simply saving money, careful budgeting will help you meet your goals. Don't be fooled, though. Living on $1,500 a month or less is an extreme goal which requires extreme measures.

Panama: A Home Away from Home

You can retire comfortably on $1,300 per month, and it's one of the best countries for quality of life. What's more, English is widely spoken, and you can use your US money anywhere across the country. The country also offers first-rate hospitals, and many of its doctors are US trained.

Living on Social Security alone is not only possible, but many retirees already accomplish that very feat every year. While the lifestyle associated with Social Security income isn't exactly luxurious, it doesn't have to equal rice and beans for the rest of your life, either.

In its report, Niche also ranked the cheapest places to live in the U.S. At the top of the list this year is Brownsville, Texas. Brownsville has been steadily rising in Niche's Lowest Cost of Living ranking over the past few years, placing number six in 2021, number three in 2022 and finally, number one in 2023.

Bottom Line. Living on $1,000 per month is a challenge. From the high costs of housing, transportation and food, plus trying to keep your bills to a minimum, it would be difficult for anyone living alone to make this work. But with some creativity, roommates and strategy, you might be able to pull it off.

Cape Coral

Known as the “Waterfront Wonderland,” this charming town is not only one of Florida's most affordable places but it is also one of the safest. Located in the southwestern part of the state near Fort Meyers, Cape Coral has an intricate system of canals which allow its residents to always be near the water.

What city in Florida has the most affordable housing? ›

Dade City is possibly the most affordable place to live in Florida. The median cost in Dade City is about $179,500, which falls well below Florida and the national average. You can expect to pay about $1,372 for a one-bedroom apartment in the city. It's a spacious and safe place to live.

The most affordable beach town in Florida is Pensacola, although technically speaking, it's a city, not a town. City living can be affordable, even with waterside living. Pensacola currently has a median home value of $235,000 in 2022. The median housing cost (for rent and mortgages) is $932 per month.

The only debate worth having is which side of Florida has the best beaches. The Atlantic coast has plenty to offer in the way of water sports. They get the better waves and, thus, some greater action. Florida's Gulf Coast, however, is responsible for those visions of smooth, sandy beaches and crystal, clear water.

The Villages has the lowest county violent crime and property crime rate in Florida. What is the safest area to live in Florida? According to our research, the three safest cities in Florida are The Villages, Palm Coast, and Riverview.

Winter Springs. Since 1930, just 77 hurricanes have been recorded in Winter Springs, making it a low-risk area.

Edinburg, Texas

Edinburg made the No. 1 spot as the best city to retire on a monthly budget of $2,500 or less by offering the most budget-friendly expenditures compared to the rest of the U.S. and the top livability score among these 13 cities. Rent averages $944, $1,010 less than the U.S. mean.

Where can you live for $2 a day? ›

"In Ghana, where 80 percent of the economy is barter and noncash, it's one thing to live on $2 in cash per person per day," Edin says. "What does it mean to live cashless in the world's most advanced capitalist country?"

$1,500 monthly is how much per year? If you make $1,500 per month, your Yearly salary would be $18,000. This result is obtained by multiplying your base salary by the amount of hours, week, and months you work in a year, assuming you work 40 hours a week.

Mississippi. Mississippi tops this list as the cheapest place to live in the United States. It has the lowest housing costs of any state listed above and remains well below the national average in every other category.

Bottom Line. Living on $1,000 per month is a challenge. From the high costs of housing, transportation and food, plus trying to keep your bills to a minimum, it would be difficult for anyone living alone to make this work. But with some creativity, roommates and strategy, you might be able to pull it off.

If you make $1,500 per month, your hourly salary would be $8.65.

A good rule of thumb is to save 20% of every paycheck. For example, if you earn $1,500 each paycheck, you would save $300.

Saving $1,500 a month is an excellent goal to have. It can help you build up your savings and put you in a better financial position for the future. Having this amount of money saved each month can give you more flexibility when it comes to making decisions about spending or investing.

Renting and Buying Property. Affordable Caribbean real estate can be found throughout the region, but depending on whether you rent or own makes a pretty big difference. Jamaica, Mexico, the Dominican Republic, Aruba, Honduras, and Belize have some of the cheapest properties that you can own or rent.

Countries Natixis ranked as secure retirement locations are mostly concentrated in Europe but also include New Zealand and Australia. The top three countries in the rankings are Norway, Switzerland and Iceland, all of which have life expectancies of 83 years, compared to 77 in the U.S. and the world average of 72.

What state has the overall lowest cost of living? ›

In its report, Niche also ranked the cheapest places to live in the U.S. At the top of the list this year is Brownsville, Texas. Brownsville has been steadily rising in Niche's Lowest Cost of Living ranking over the past few years, placing number six in 2021, number three in 2022 and finally, number one in 2023.

The data used in the study analyzed the cost of living in each city as of 2022. For California cities like Los Angeles, Berkeley and San Diego, a single person must make more than $76,000 to “live comfortably,” the data shows.