Florida's cost of living index is 102 — 2.0% above the US average of 100. Compare purchasing power and equivalent salaries across states.
CoL Index
102
US avg = 100
vs. National Avg
+2.0%
More expensive
Median Income
$59,227
Florida median household
Equiv. at US Avg
$58,066
Same purchasing power
| CoL Index | 102 | MIT/MERIC composite index (US avg = 100) |
| vs. National | +2.0% | Above average cost |
| Median Household Income | $59,227 | Florida median (2023 ACS) |
| National Purchasing Power | $58,066 | Equivalent $ at US avg CoL |
| Overall Category | High | Qualitative classification |
| Population | 21,538,187 | 2020 US Census |
With a cost of living index of 102, Florida is roughly on par with the national average. Higher costs in Florida mean your dollar stretches less far than in most states. A salary of $59,227 in Florida provides the equivalent purchasing power of $58,066 in a state with average cost of living.
Housing is typically the largest driver of cost of living differences between states.Florida's median home price of $400,000 is near the national median of approximately $310,000. Other factors include state income tax (none in Florida), sales tax (6.00% state rate), and local property tax rates (0.89%).
