10 Most Affordable Places To Live In Florida

We used data and science to determine which places in Florida go easy on your wallet.

Editor’s Note: We updated this article for 2020. This is our sixth time ranking the cheapest places to live in Florida.

If you ask any foreigner about America, you will find that they likely know of at least three states: New York, California, and Florida. Obviously, New York is the Big Apple and California has the company Apple, so why is Florida so famous?

The great weather and Disney, of course. You can also spend an afternoon exploring the Everglades and a night in one of Miami's top clubs. Who wouldn't want to live in the Sunshine State-- a place where summer reigns supreme and you have a theme park where magic is alive year-round. Everything reminds you of those summer vacation days back in grade school.

No wonder Florida is known as a retirement state. Everyone knows that Florida has something special so why not spend your retirement someplace beautiful. But Florida doesn't just have the weather, the beaches, and Disney World going for it. It also has one massive asset, which is its affordability. Florida is cheap. This southern state has got it all and it won't leave you penniless.

So where are the most affordable places in Florida? Will you be able to live near the beach without paying massive amounts in rent? Will you end up living in swamps? The answer: no. Curious which cities made the cut -- read on.

What is the cheapest place to live in Florida? Fort Meade has done it again, placing first in the top ten cheapest cities to live in Florida. A great place to live in the Sunshine State if you like paddling over lakes.

If you want to live near Georgia, but not in it, then you've got Fort Meade, Live Oak, and Macclenny. If you are looking for that beachside oasis, check out Perry, Florida. No matter where you end up with these top 10, you know you will have one thing: a bank that isn't broke.

Want to learn how we created this top ten list? Read on to learn more about our methodology and how these cities are so cheap.

And if you already knew these places were cheap, check out some more reading about Florida and the cheapest places in the country:

The 10 Most Affordable Places To Live In Florida For 2020

Fort Meade, FL

Source: Public domain
Overall SnackAbility


Population: 6,013
Rank Last Year: 1 (No Change)
Home Price To Income Ratio: 1.7x (2nd most affordable)
Income To Rent Ratio: 57.9x (34th cheapest)
More On Fort Meade: Homes For Sale | Data | Photos

Located in Central Florida just East of Tampa, Fort Meade is the Sunshine State's most affordable city for 2020.

This little city in Polk County crushed our HomeSnack's snackabiliy scale by earning an 8.5/10 for affordability. This first place could not have been accomplished without their blue ribbon for most affordable city in terms of home price to income ratio. And it couldn't have happened without great jobs and a strong economy.

Word on the street is Fort Meade is popular with kayakers, canoers, and people who love legos. We think those activities are a great way to wind down after a long day of working to pay for Fort Meade's low cost of living.

The median income in Fort Meade comes in at $43,233 and the median home value is $74,800 for 2020.

Live Oak, FL

Overall SnackAbility


Population: 6,888
Rank Last Year: 2 (No Change)
Home Price To Income Ratio: 2.2x (6th most affordable)
Income To Rent Ratio: 61.7x (21st cheapest)
More On Live Oak: Homes For Sale | Data | Photos

Where Alligator HWY 90 meets Alligator HWY 129 is our second most affordable city in Florida for 2020, Live Oak. Located in northern Florida, agriculture, timber, and technology have been keeping the economy in this little Suwannee County city moving in right direction.

The median income, here, is close to $39,827 with average home prices up around $88,700. So it's no surprise that Live Oak scored off our charts in terms of snackability. They are the sixth most affordable city when we looked at home price to income ratio. Affordability = happiness. We get why your city's motto is "A Caring Community".

The median income in Live Oak comes in at $39,827 and the median home value is $88,700 for 2020.

Quincy, FL

Overall SnackAbility


Population: 7,512
Rank Last Year: 7 (Up 4)
Home Price To Income Ratio: 2.6x (15th most affordable)
Income To Rent Ratio: 57.6x (35th cheapest)
More On Quincy: Homes For Sale | Data | Photos

For a city to be truly hip, it needs to be affordable.

Once a tobacco manufacturing hub, Quincy scored a 7/10 for affordability and a 9/10 for diversity. We think that makes Quincy truly hip; and thus, affordable. More importantly, this little city in Gadsden County is our third most affordable city in Florida for 2020.

Coca Cola also made a lot of Quincy residents wealthy. Do we think that has something to do with why the city is so great and so affordable? Probably. Either way, Quincy, you are 'The Heart of Florida's Future.'

The median income in Quincy comes in at $35,509 and the median home value is $91,900 for 2020.

Macclenny, FL

Overall SnackAbility


Population: 6,482
Rank Last Year: 4 (No Change)
Home Price To Income Ratio: 2.5x (13th most affordable)
Income To Rent Ratio: 61.0x (24th cheapest)
More On Macclenny: Homes For Sale | Data

Macclenny, Florida is an ideal destination when you're trying find that affordable big town feel. This is definitely one of the reasons it is our fourth most affordable city in Florida for 2020. Nicknamed the 'Babymaker,' this city must be affordable, right.

All baby making aside, this little city in Baker County is great place to live. And while you're deciding what home to buy, Macclenny has great deals when it comes to renting. They are the ninth cheapest place to rent based on income to rent ratio. So pack up the family camper and get-a-movin', because Macclenny's great deals won't last long.

The median income in Macclenny comes in at $49,458 and the median home value is $122,800 for 2020.

Bartow, FL

Overall SnackAbility


Population: 19,063
Rank Last Year: 5 (No Change)
Home Price To Income Ratio: 2.6x (17th most affordable)
Income To Rent Ratio: 57.3x (38th cheapest)
More On Bartow: Homes For Sale | Data | Photos

Bartown is located a stone's throw from Lake Hancock, just East of Tampa. The "City of Oaks and Azaleas" is our fifth most affordable in citrus-land. Bartow's overall snackability score was strong enough to keep them in the top five for 2020. Not surprising considering they are ninth most affordable in terms of home price to income. They scored an overall 8/10 for affordability.

Bartow must be something right in terms of affordability. The city is projected to double by 2030.

The median income in Bartow comes in at $46,850 and the median home value is $121,600 for 2020.

Clewiston, FL

Overall SnackAbility


Population: 7,663
Rank Last Year: 47 (Up 41)
Home Price To Income Ratio: 2.7x (21st most affordable)
Income To Rent Ratio: 55.8x (42nd cheapest)
More On Clewiston: Homes For Sale | Data | Photos

Florida may have the tenth highest rent prices in America, but you wouldn't know it living in Clewiston. The median rent in Clewiston is $728, which is less than half the statewide average. You can use your extra cash to go on a safari in the Everglades, or save the money and just chill on Lake Okeechobee

Buying is slightly less attractive in Clewiston, where the median home price is $109,900. With residents earning a median income of $40,634, Clewiston has the 2lowest home price to income ratio in the state.

The median income in Clewiston comes in at $40,634 and the median home value is $109,900 for 2020.

Okeechobee, FL

Overall SnackAbility


Population: 5,638
Rank Last Year: 10 (Up 3)
Home Price To Income Ratio: 2.7x (22nd most affordable)
Income To Rent Ratio: 53.8x (52nd cheapest)
More On Okeechobee: Homes For Sale | Data | Photos

The only affordable southern Florida city that made our top ten list is Okeechobee. This little city in Okeechobee County rounds out our list as the seventh most affordable city in Florida for 2020.

Okeechobee crushed our job snackability scale. This city has great job opportunities with manufacturing positions, healthcare work, and agricultural positions up for grabs right now. Heck, something has to keep that household median income up around $40,112/year. And if your looking to pad your wallet with a little extra cheddar, we suggest gator trainer. Biologist have counted close to 1,000 gators in Lake Okeechobee alone.

The median income in Okeechobee comes in at $40,112 and the median home value is $109,200 for 2020.

Dade City, FL

Overall SnackAbility


Population: 6,966
Rank Last Year: 12 (Up 4)
Home Price To Income Ratio: 2.1x (4th most affordable)
Income To Rent Ratio: 49.6x (82nd cheapest)
More On Dade City: Homes For Sale | Data | Photos

Located in the Tampa Bay area, Dade city ranks as the eighth most affordable place in Florida. Homes in Dade city are relatively cheap at a median price of $95,100, and with residents earning a median income of $46,354, Dade City has the fourth best ratio of home price to income in Florida. Sounds like an excellent place to invest in some property in the fifth fastest growing state in the country.

The median income in Dade City comes in at $46,354 and the median home value is $95,100 for 2020.

Milton, FL

Overall SnackAbility


Population: 9,771
Rank Last Year: 13 (Up 4)
Home Price To Income Ratio: 2.3x (8th most affordable)
Income To Rent Ratio: 54.2x (50th cheapest)
More On Milton: Homes For Sale | Data | Photos

If you're looking to buy a home on a budget in the Florida Panhandle, you can't get much better than Milton. Milton has the eighth most impressive home price to income ratio in the state, with a median home price of $131,000 and a median income of $55,848. The rent in Milton is a bit pricier, with a median price of $1,030, but it's still way cheaper than the statewide average. And if you stick to fishing at Blackwater River, you can cut down on both your entertainment and food budget at the same time.

Milton is located a half hour northeast of Pensacola.

The median income in Milton comes in at $55,848 and the median home value is $131,000 for 2020.

High Springs, FL

Overall SnackAbility


Population: 5,881
Rank Last Year: 16 (Up 6)
Home Price To Income Ratio: 2.7x (19th most affordable)
Income To Rent Ratio: 62.0x (20th cheapest)
More On High Springs: Homes For Sale | Data | Photos

Located 80 miles southwest of Jacksonville, High Springs is the tenth cheapest city in Florida. High Springs really stands out in terms of its income to rent ratio, with residents earning a median income of $58,189 and paying a median rent of $938. It's about equally affordable if you're buying, with a median home price of $154,800. Home to a state park and multiple swimming springs, you don't have to pay a dime to have a good time in High Springs.

The median income in High Springs comes in at $58,189 and the median home value is $154,800 for 2020.

How We Determined The Most Affordable Places To Live In The Sunshine State For 2020

Map Of The Cheapest Places To Live In Florida
The two most important things to think about when it comes to being able to afford if you can live comes down to:

  1. How much do money do I make?
  2. How much do I have spend to live there?

You need to understand your costs in the context of how much money you make.

For example, if the median household earns $100,000 and spends $40,000 on housing it's actually cheaper to live there than a place with a median income of $50,000 and housing costs of $21,000. You might spend more on housing, but you have more money overall to play with.

With that example in mind, we derived several statistics from the latest Census American Community Survey 2014-2018 around incomes and costs. They are:

  • Median Home Price / Median Income (lower is better)
  • Median Income / Median Rent (Higher is better)
  • Median Home Price

We added simply median home price because high home prices generally correlate with higher expenses for all costs related to homes (heating, electricity, etc).

You can then compare these metrics in each of the places in Florida to figure out which is the least expensive.

What you are left with is a "Cost of Living Index" by taking the average rank of each of these metrics for each city.

So we used that cost of living index in order to rank all of the 217 places in Florida that have more than 5,000 people.

The place with the lowest cost of living in Florida according to the data is Fort Meade. You can download the data here.

There You Have It Mr. Or Mrs. Florida Cheapskate

If you're looking at the cost of living numbers in Florida, this is an accurate list of the most affordable places to live in Florida for 2020.

Here's a look at the most expensive cities in Florida according to the data:

  1. Key West
  2. Southwest Ranches
  3. Surfside

For more Florida reading, check out:

The Most Affordable Places To Live In Florida

Rank City CheapScore Population Home/Income Ratio Income/Rent Ratio
1 Fort Meade 13.0 6,013 1.7x 57.9x
2 Live Oak 13.33 6,888 2.2x 61.7x
3 Quincy 22.0 7,512 2.6x 57.6x
4 Macclenny 24.67 6,482 2.5x 61.0x
5 Bartow 30.0 19,063 2.6x 57.3x
6 Clewiston 30.67 7,663 2.7x 55.8x
7 Okeechobee 33.67 5,638 2.7x 53.8x
8 Dade City 34.67 6,966 2.1x 49.6x
9 Milton 35.0 9,771 2.3x 54.2x
10 High Springs 36.33 5,881 2.7x 62.0x
11 Newberry 37.67 5,789 2.5x 62.4x
12 Perry 40.0 6,925 2.6x 48.7x
13 Green Cove Springs 41.0 7,639 2.9x 64.7x
14 Alachua 46.17 9,794 2.8x 58.5x
15 Auburndale 53.33 15,343 3.1x 58.4x
16 New Port Richey 53.67 15,953 2.2x 42.7x
17 Lake Alfred 54.0 5,565 2.7x 47.3x
18 Crestview 54.67 23,663 3.0x 55.3x
19 Brooksville 56.33 8,027 1.5x 40.2x
20 Plant City 56.33 38,119 3.0x 53.7x
21 Starke 56.33 5,375 2.5x 43.2x
22 Zephyrhills 56.67 14,851 2.6x 44.5x
23 Palmetto 58.33 13,490 2.8x 47.1x
24 Avon Park 59.0 10,386 2.2x 40.0x
25 Callaway 59.67 15,182 3.0x 51.7x
26 South Bay 59.67 5,116 2.4x 41.5x
27 Lake City 60.0 11,977 2.9x 45.9x
28 Wildwood 61.0 6,557 2.8x 44.7x
29 Rockledge 61.5 26,906 2.7x 53.3x
30 Titusville 63.67 45,483 3.0x 48.1x
31 Niceville 64.0 15,050 3.0x 68.9x
32 Pahokee 64.33 6,167 3.4x 48.8x
33 Orange Park 64.83 8,680 3.2x 55.8x
34 Tavares 66.33 16,199 2.9x 45.4x
35 Edgewater 66.67 21,892 3.0x 48.4x
36 Palm Bay 67.0 110,271 2.9x 46.4x
37 Lynn Haven 67.33 20,768 3.1x 58.4x
38 North Port 67.83 64,425 2.9x 51.6x
39 Jacksonville 68.33 878,907 3.1x 51.1x
40 Mascotte 68.5 5,552 2.8x 44.4x
41 Lake Wales 69.67 15,735 3.4x 53.6x
42 Lakeland 70.67 105,958 3.0x 45.8x
43 Kenneth City 72.0 5,017 3.1x 47.6x
44 Eustis 72.33 20,264 3.4x 52.7x
45 Longwood 72.33 14,591 3.0x 53.6x
46 Largo 73.0 83,243 2.8x 41.6x
47 Springfield 73.0 9,475 3.0x 42.7x
48 Ocala 75.33 58,598 3.2x 46.7x
49 Cocoa 75.67 18,053 3.2x 45.0x
50 Winter Haven 76.67 39,615 3.2x 47.3x
51 Orange City 77.0 11,448 2.5x 35.6x
52 Pembroke Park 77.33 6,625 2.4x 30.7x
53 Palatka 77.33 10,320 3.0x 37.8x
54 Holly Hill 77.33 12,042 2.8x 37.5x
55 Sebring 77.67 10,636 3.1x 41.2x
56 Deltona 78.0 89,186 2.8x 43.0x
57 Oviedo 78.67 39,599 3.0x 59.5x
58 Debary 79.67 20,387 3.3x 54.3x
59 Haines City 80.67 23,400 3.1x 43.6x
60 Pensacola 80.67 52,562 3.4x 51.7x
61 Casselberry 80.67 27,573 2.9x 41.6x
62 Sanford 81.67 58,862 2.9x 41.8x
63 St. Cloud 83.83 49,108 3.2x 49.0x
64 South Daytona 83.83 12,734 3.2x 43.0x
65 West Melbourne 84.33 21,471 3.1x 52.9x
66 Pinellas Park 84.5 52,291 3.1x 44.3x
67 Temple Terrace 85.0 26,062 3.4x 55.8x
68 Arcadia 86.33 7,943 3.2x 39.6x
69 Fort Walton Beach 86.67 21,845 3.5x 53.0x
70 Gulf Breeze 88.33 6,383 3.3x 74.9x
71 Melbourne 88.33 80,664 3.4x 47.6x
72 Oldsmar 88.83 14,444 3.3x 51.9x
73 Sebastian 89.0 24,536 3.4x 49.4x
74 Defuniak Springs 89.0 6,227 3.7x 47.5x
75 Winter Springs 89.0 35,694 3.4x 58.2x
76 Lake Park 90.0 8,505 3.2x 47.8x
77 Safety Harbor 90.33 17,663 3.4x 58.0x
78 St. Petersburg 91.0 259,041 3.4x 50.4x
79 Fruitland Park 91.67 6,598 3.6x 51.3x
80 Gulfport 93.0 12,280 3.5x 48.7x
81 Ocoee 93.67 44,829 3.2x 51.4x
82 Belle Isle 94.67 6,865 3.6x 99.0x
83 Lauderdale Lakes 94.67 35,254 3.0x 33.4x
84 Lake Mary 94.67 16,360 3.3x 56.3x
85 Altamonte Springs 95.33 43,426 3.2x 45.2x
86 Groveland 97.67 12,465 2.9x 41.8x
87 Lady Lake 98.17 15,118 3.3x 41.7x
88 Tarpon Springs 98.67 24,974 4.0x 57.9x
89 Port Orange 99.0 61,601 3.3x 44.6x
90 Greenacres 99.0 40,224 3.1x 38.9x
91 Marianna 99.0 7,266 3.6x 39.8x
92 Lauderhill 99.33 71,328 3.1x 34.8x
93 Palm Springs 100.33 24,675 3.1x 35.7x
94 Apopka 101.0 50,529 3.5x 50.3x
95 Panama City 101.5 36,880 3.7x 45.6x
96 Fort Pierce 102.17 44,833 3.3x 33.3x
97 Fellsmere 102.5 5,629 3.6x 37.7x
98 Coconut Creek 103.67 59,997 2.9x 37.2x
99 Satellite Beach 104.67 10,721 3.6x 55.0x
100 Port St. Lucie 106.33 183,762 3.2x 42.8x

How Is The Area In ?

About Chris Kolmar

Chris Kolmar has been in the real estate business for almost ten years now. He originally worked for Movoto Real Estate as the director of marketing before founding HomeSnacks.

He believes the key to finding the right place to live comes down to looking at the data, reading about things to do, and, most importantly, checking it out yourself before you move.

If you've been looking for a place to live in the past several years, you've probably stumbled upon his writing already.

You can find out more about him on LinkedIn or his website.