Cost of Living in Florida
How much does it cost to live in Florida? This page pulls together the numbers that actually shape your budget — no state income tax, a median home price of $378,126, and a median household income of $77,735. Every figure is cited and refreshed monthly, and the calculators below let you plug in your own salary and household to see what life in Florida really costs you.
Key Florida figures
State income tax
None
No state income tax
Source: Florida Department of Revenue · as of 2026 · methodology
Median home price
$378,126
Typical home value
Source: Zillow Research (ZHVI) · as of 2026-06 (pending review) · methodology
Median household income
$77,735
$43,582 per capita
Source: US Census Bureau, ACS 1-Year 2024 · as of 2024 · methodology
Electricity price
15.17¢/kWh
Residential average
Source: US EIA, Electric Power Monthly (residential price) · as of 2026-05 (pending review) · methodology
Population
23,372,215
US Census estimate
Florida calculators
Paycheck Calculator
Take-home pay after taxes
Cost of Living
Budget against local prices
Salary Needed
Income to live comfortably
Rent Affordability
Rent you can afford
Home Affordability
Home price you can afford
Budget Planner
50/30/20 at local prices
Retirement
What you need to retire here
Salary Equivalence
Compare pay across states
Where people move to and from Florida
Top states moving into Florida
- New York 70,558
- Georgia 43,163
- New Jersey 35,492
- California 34,619
- Pennsylvania 31,703
Where Florida residents move
- Georgia 47,763
- Texas 35,750
- North Carolina 34,682
- California 24,859
- Virginia 22,734
Net interstate migration: +171,318 more people moved in than out (vs. the other 49 states).
Full Florida migration report →
Source: US Census Bureau, ACS State-to-State Migration Flows · as of 2022 · methodology
Living in Florida: what the numbers say
Florida's headline advantage is that it takes no cut of your paycheck for state income tax — a real boost to take-home pay compared with high-tax states. But "no income tax" rarely means "cheap overall": states without an income tax usually lean on sales and property taxes instead, which hit your budget in less visible ways.
Housing is where Florida is won or lost. At a median home price of $378,126 against a median household income of $77,735, homes cost about 4.9× yearly income — within reach for many dual-income households. Use the home and rent calculators below to see what your income supports here.
Day-to-day costs add up too: residential electricity in Florida runs about 15.17¢ per kilowatt-hour, one of the recurring bills the cost-of-living tools fold into a realistic monthly budget.
Frequently asked questions
- Is Florida an expensive state to live in?
- It depends on your income and housing situation. Florida has no state income tax and a median home price of $378,126. The calculators on this page turn those figures into a number for your specific salary and household.
- How much do you need to earn to live comfortably in Florida?
- That varies with household size, whether you rent or own, and your lifestyle. Start with the Florida paycheck calculator to see your take-home pay, then the cost-of-living tools to compare it against local expenses.
- Where do these Florida numbers come from?
- Tax figures come from state and IRS sources, home values from Zillow, income and population from the US Census, and energy prices from the EIA — each shown with its date. See our methodology page for the full list and update schedule.