Most Expensive Places to Live in Florida
1. Windermere, FL — This cost of living in this Florida city, which is outside Orlando, comes in at 34% higher than the national average. The biggest expense in the area is housing, which is 101% over the national average. The median home price in the area is $698,692 and the median rent is $2,189.
2. Naples, FL — One of the most expensive cities to live in Florida is Naples, which is on the west coast of the state. The median price of a home in the area is $941,700 and the median gross rent is $1,343. The median monthly ownership cost in the area is $3,350.
3. Coral Gables, FL — Expect to pay a pretty penny to live in sunny Coral Gables, especially when it comes to housing. The median value of a home in the city is $795,600 and the median gross rent is $1,583. The homeownership rate in the city is on par with the national average, though, at about 64%.
4. Miami Shores, FL — The cost of living in Miami Shores is currently 30% higher than the national average. The biggest expense is housing. At 97% over the national average, you can expect to see a median home price of $684,636 and a median monthly rent of $2,145.
5. Key West, FL — At the southern tip of Florida sits a tourist destination that is not easy on the wallet for people who want to live there. The median price of a home in Key West is $578,100 and the median gross rent is $1,793. Homeownership rates in the area are low at 40.5%.
*Data source: PayScale and Census.gov