GITNUX MARKETDATA REPORT 2024

Statistics About The Most Expensive Cities In Florida

The cost of living in cities like Miami, Key Biscayne, and Naples in Florida is significantly higher compared to other cities in the state, with housing prices and consumer goods being major contributors to the overall expenses.

With sources from: rentdata.org, niche.com, homesnacks.com, orlandoapartments.com and many more

Statistic 1

Naples is the most expensive city in Florida, with a cost of living that is 78.6% higher than the national average.

Statistic 2

The cost of housing in Sarasota, FL is 71.9% higher than the national average.

Statistic 3

Palm Beach has a Median Home Cost of $1,308,700.

Statistic 4

The average apartment rent over the past 6 months in Fort Lauderdale has increased by $96 (6.7%).

Statistic 5

The average household income in Coral Gables is $147,935, making it one of the most expensive cities in Florida.

Statistic 6

Average home prices in Destin, Florida stand at $420,500.

Statistic 7

Average rent for an apartment in Orlando is $1,526, a 7% increase compared to 2020.

Statistic 8

Longboat Key's median household income is $104,084, placing it among the richest cities in Florida.

Statistic 9

The median home cost in Aventura is $374,500.

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In this post, we explore the most expensive cities in Florida based on key cost of living and housing statistics. From the affluent city of Naples to the bustling metropolis of Orlando, each place offers unique insights into the financial landscape of the Sunshine State. Discover how these cities stack up in terms of housing prices, household incomes, and rental trends.

Statistic 1

"Naples is the most expensive city in Florida, with a cost of living that is 78.6% higher than the national average."

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Statistic 2

"The cost of housing in Sarasota, FL is 71.9% higher than the national average."

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Statistic 3

"Palm Beach has a Median Home Cost of $1,308,700."

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Statistic 4

"The average apartment rent over the past 6 months in Fort Lauderdale has increased by $96 (6.7%)."

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Statistic 5

"The average household income in Coral Gables is $147,935, making it one of the most expensive cities in Florida."

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Statistic 6

"Average home prices in Destin, Florida stand at $420,500."

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Statistic 7

"Average rent for an apartment in Orlando is $1,526, a 7% increase compared to 2020."

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Statistic 8

"Longboat Key's median household income is $104,084, placing it among the richest cities in Florida."

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Statistic 9

"The median home cost in Aventura is $374,500."

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Interpretation

The statistics presented reveal the significant disparities in cost of living, housing prices, rent, and household income across various cities in Florida. Naples emerges as the most expensive city with a cost of living far above the national average, while Palm Beach boasts a median home cost exceeding $1.3 million. Cities like Sarasota, Fort Lauderdale, and Orlando have also seen notable increases in housing and rental prices, further underlining the financial challenges faced by residents in these areas. On the other hand, affluent cities like Coral Gables and Longboat Key exhibit high household incomes, reflecting a broader spectrum of economic diversity within the state.

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