GITNUX MARKETDATA REPORT 2024

Statistics About The Most Expensive Places To Live In Florida

The most expensive places to live in Florida generally include cities such as Miami, Key Biscayne, Fisher Island, and Palm Beach, where housing prices and overall cost of living are well above the state average.

In this post, we will explore the most expensive places to live in Florida based on a range of statistics. From luxury condos in Tampa selling for over $3 million to the high per capita income in Palm Beach, Florida offers a variety of costly living options. Stay tuned to discover the pricey real estate markets, high utility costs, and above-average living expenses in various cities across the state.

Statistic 1

"Miami is considered one of the most expensive places to live in Florida."

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Statistic 2

"Tampa's luxury condos can sell for more than $3 million."

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Statistic 3

"Pensacola Beach has seen an increase in home values by up to 12% over the past year."

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Statistic 4

"The average rent for a one-bedroom apartment in Miami Beach is around $2,500 per month."

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Statistic 5

"Palm Beach has a per capita income higher than almost any other city in Florida."

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Statistic 6

"In Weston, FL, the average household income is over $100,000."

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Statistic 7

"Boca Raton's coastal areas have properties that can exceed $5 million."

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Statistic 8

"Naples, Florida, has a cost of living index that's about 10% higher than the national average."

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Statistic 9

"Jupiter, FL, has some beachfront properties that exceed $10 million."

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Statistic 10

"Sarasota's healthcare costs are approximately 15% above the national average."

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Statistic 11

"The cost of education in Coral Gables is about 15% higher than the Florida average."

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Statistic 12

"Orlando's cost of transportation is about 5% higher than the national average."

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Statistic 13

"Sanibel Island has a median home price of around $800,000."

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Statistic 14

"The utility costs in Fort Lauderdale are about 20% higher than the national average."

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Statistic 15

"On average, utility costs in Destin are about 15% higher than the U.S. average."

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Statistic 16

"The median home price in Key West is approximately $728,000."

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Statistic 17

"St. Augustine has a cost of living that's about 10% higher than the Florida average."

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Statistic 18

"Fort Myers ranks high in the cost of living indices among mid-sized cities in Florida."

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Statistic 19

"The cost of groceries in Coral Gables is approximately 8% higher than the national average."

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Statistic 20

"Winter Park's average household income is higher than the state average."

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In conclusion, Florida boasts several cities and regions known for their high cost of living, with Miami emerging as a clear frontrunner. From luxury condos selling for millions in Tampa to rising home values in Pensacola Beach, the state offers a range of expensive living options. Noteworthy is the affluent Palm Beach with its high per capita income and Weston’s average household income exceeding $100,000. Coastal areas such as Boca Raton and Jupiter showcase multi-million dollar properties, while destinations like Key West and Sanibel Island demand premium prices for real estate. Overall, the statistics indicate a varied landscape of expensive living across Florida, catering to a diverse range of affluent individuals and families.

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