The Florida Cost Of Living
It’s true. $100 buys more in Florida. The Tax Foundation is a non-partisan, non-profit research organization that has monitored tax policy at the federal, state and local levels since 1937. Recently they published a map that shows the relative value of $100 in each state.
The map shows us that prices for the same goods are often much cheaper in states like Missouri or Ohio than they are in states like New York or California. As a result, the same amount of cash can buy you comparatively more in a low-price state than in a high-price state. Of course that is often related to the income level in each state. Higher income states tend to have higher prices. Click here to view a larger map and the full Tax Foundation news post dated July 8, 2015.
It is interesting to note that the Florida cost of living is below average and as the map shows, that translates to above average buying power. If you are coming from a high income state and bringing your investment or retirement income with you, Florida becomes even more attractive. Combine that with our perfect weather, beautiful beaches and year round golf, fishing and boating and Florida real estate becomes very attractive. Don’t spend another cold and dreary winter up north. Make Florida your next home.