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Most Expensive Places to Live in Florida

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

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