How Much Does It Cost To Live in Orlando Florida

If you're considering a move to Orlando, Florida, you'll be happy to know that the cost of living is relatively low compared to other cities in the United States.

In fact, according to numbeo.com, the cost of living in Orlando is almost 9% lower than the national average. While your monthly expenses may vary depending on your lifestyle and budget, here's a breakdown of some of the basic costs you can expect to pay in Orlando.

Cost of living in Orlando compared to other major US cities

The cost of living in Orlando is relatively affordable when compared to other major US cities. The average cost of a one-bedroom apartment in the city is $1,200, which is significantly lower than the national average of $1,500.

Furthermore, groceries and transportation costs are also fairly reasonable. When it comes to entertainment and dining out, Orlando has a lot to offer without breaking the bank.

I will say that unlike 3 years ago Orlando has increased tremendously just like most of Florida has due to the housing market, migration and rising inflation.

It is also important to note that if you are coming from high tax states such as Hawaii, New York, or California you can expect to pay a lower tax rate (dont forget no income tax).

Housing Costs In Orlando

The biggest thing to note here is that Orlando and Florida along are not the cheapest housing prices in the country (looking at you Iowa).

That being said, Orlando does offer more financial stretching than many other cities around the country, especially compared to the west coast.

The average rent cost in Orlando is $1200 and this is for your standard small apartment and increases as size of the rental increases. The average home price sits around $405,000 at the time of writing this blog.

Orlando like the rest of Florida has really increased in cost over the last few years and while the average home price sits over $400,000 I can also tell you on the outskirts you can still find starter homes and larger for less than that price all depending on how far you are willing to go from city center.

If housing cost is a major concern for you check out this video I did regarding the cheapest places to live around Orlando.

Transportation Costs In Orlando

As anyone who has ever visited Orlando knows, getting around the city can be pricey. Between taxi fares, rental car fees, and the high cost of gas, it can be difficult to keep your transportation costs under control.

And if you're visiting during peak tourist season, you can expect prices to be even higher. Fortunately, there are a few ways to manage your transportation costs while in Orlando.

For those looking to live in Orlando these costs can vary, Gas sits around $4.86 per gallon give or take and your car insurance will probably be higher than you are used to in non-coastal States.

One thing I think catches most people off guard is toll roads, if you're coming from a state like California you may not be used to having to pay to take certain roads. be aware of the cost of taking these roads and check out sites like this to make sure you understand how much you will pay to take them because it is a way of life here in Central Florida.

Food And Drink Costs In Orlando

Food and drink costs in Orlando can be a bit of a shock for first-time visitors. After all, this is the land of Disney World and Harry Potter World, two of the most popular tourist destinations in the world.

However, there are ways to save on food and drink costs while still enjoying all that Orlando has to offer. For example, many restaurants offer early bird specials that can save you up to 50% off your bill.

If you're looking for something a bit more upscale, consider making reservations for lunch instead of dinner.

Lunch menus are often cheaper than their dinner counterparts, and you'll still be able to enjoy the same great food. With a little planning, you can enjoy Orlando without breaking the bank.

When it comes to groceries, Orlando tends to be the same as any other city I have been to in Florida, if you are keen on shopping deals and being smart with where you get certain food items I would say your grocery bill will be the same as where you're coming from give or take on certain vegetables and meat.

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Entertainment And Leisure Costs In Orlando

Entertainment and leisure costs in Orlando can be quite high, but there are ways to save money. Many of the city's attractions offer discounts for seniors, students, and military personnel.

Families can also take advantage of special packages that include admission to multiple attractions. Of course, even during the peak season, there are always deals to be found if you know where to look.

By doing a little research, you can definitely find ways to enjoy Orlando without breaking the bank. Especially on the outskirts of the city and if willing to make the drive, Tampa has many options for the weekend getaway.

I will also note that with kids you do not always have to break the bank at Disney, there are so many cheaper roadside attractions that allow you to save money while getting the full experience.

Other Expenses To Consider When Moving To Orlando

Moving is always a big undertaking, and there are a lot of expenses to consider beyond the cost of renting or buying a new home. If you're moving to Orlando, you'll need to factor in the cost of utilities, like electricity and water.

You'll also need to think about the cost of transportation since Orlando is a car-dependent city. And if you're moving with kids, you'll need to account for the cost of childcare and education. All of these factors can add up quickly, so it's important to do your research and budget carefully before making the move.

With a little planning, however, you can find ways to save money and make your move to Orlando a successful one.

Conclusion

The cost of living in Orlando Florida may not be the lowest as it once was, but it is still a great place to live and enjoy time with family.

Yes, gas is more expensive than it used to be and home seem to keep increasing in price but that doesn't mean that Orlando is not a great place to live. if you were considering moving to Orlando the first thing that you should do is create a plan that aligns with your budget and needs as a person and or family.

Head here to schedule a one-on-one meeting where we will help you create that perfect plan!