Average Cost of Living in Orlando

Orlando Cost of Living Prices

Our We Buy Houses Orlando team conducted this comprehensive study on the average cost of living in Orlando, Florida, we found that the average monthly expenses to live for 1 adult is $3,519, for 2 adults with no children is $4,651, for 2 adults with 1 child is $6,083, for 2 adults with 2 children is $7,077, for 2 adults with 3 children is $8,361, and for 2 adults with 4 children is $8,876. These figures were derived from meticulous data analysis from the most reliable, up-to-date, and publicly available resources, prioritizing government databases and official reports in Florida including the cost of living index and the states population with the price index.

Our expert FL data scientists and analysts employed advanced AI and machine learning techniques to process this vast data and determine what it takes to live in the states and this city. The process began with data collection, where we gathered raw data from various sources, including government databases, economic reports, and public surveys. We then cleaned and preprocessed this data to ensure its accuracy and relevance for calculating what it takes for life in this city of Florida.

We used machine learning algorithms to analyze the data, identify patterns, and make accurate predictions in the area. These algorithms were trained on large datasets and fine-tuned to provide the most accurate estimates possible for the district. Using AI and machine learning increased the speed and efficiency of our analysis of the district. They allowed us to handle complex data structures and make more accurate predictions of the district and the cost to live.

The result is a comprehensive and accurate picture of the cost of living in Orlando, Florida, for various family structures and people. This data is crucial for individuals, people, and families planning to move to Orlando cities, as it provides a clear understanding of the financial requirements needed to maintain a certain standard of living in this vibrant city and part. This information will be a valuable resource for those people seeking to make informed decisions about their future in Orlando and the cities around and the cost of living Orlando.

Housing Costs in Orlando: 

Rent for an apartment or house included in the cost of living is $1,055 per Month for 1 adult in the city.

The average cost of a house is $384,884.02 in the city not including home insurance, life insurance, and adjusted for mortgage rates.

Food and Goods Cost in the City:

Food included in the cost of living prices for the city is $291 per Month for the goods.

Utilities are High Compared to Other Cities:

In the Orlando district the median prices of utilities are $235.97 monthly not including weather changes.

Child Care:

$0 per Month in the states.

Transportation:

$782 per Month, including gas and car insurance are the going living prices. 

Taxes:

$478 per Month, including sales tax from purchases.

Property taxes annually in Orlando are $2,152.

Other Necessities:

$488 per Month for other necessities included in the cost of living.

Median Expense of Healthcare:

$424 per Month for healthcare needed for the cost of living in the states and this city.

Average Housing Cost to Income Ratio:

27.65% 

Housing Costs:

The average rent included in the cost of living for apartments and housing is $1,140 per Month on average for 2 adults in Orlando.

The average price to buy a house for 2 adults in Orlando is $384,884.02.

Average Housing Cost to Income Ratio:

27.65%

Food Costs:

Average food prices included in the cost of living are $534 per Month for 2 adults in Orlando.

Utilities:

Utilities are $235.97 per Month in Orlando on average.

Child Care:

$0 per Month in Orlando for 2 adults with no children.

Transportation:

The median monthly transportation prices and miles cost included in the cost of living are $963 for 2 adults with no children in Orlando which includes an insurance policy. 

Health Care:

On median, health care is $848 monthly for 2 adults with no children in Orlando.

Taxes:

On median, taxes are $559 for 2 adults with no children in Orlando.

Property taxes annually in Orlando are $2,152.

Other Necessities:

Other necessities not including the black market and credit cards are $607 monthly for 2 adults with no children in Orlando.

Housing Costs:

The monthly rent for an apartment and a house is 2 adults and 1 child in Orlando is $1,321.

The median sale price of a house in Orlando is $384,884.02 not including home equity and the market rate for personal loans.

Median Housing Cost to Income Ratio:

27.65%

Food Costs:

$665 per Month for 2 adults and 1 child in Orlando.

Services:

Services for 2 adults and 1 child is $235.97 monthly in Orlando.

Child Care:

$649 per Month is the median spent on childcare for 2 adults and 1 child in Orlando.

Transportation:

The median transportation expense for 2 adults and 1 child in Orlando is $1,037 per Month.

Health Care:

Health care is $1,065 per Month for a family of 2 adults and 1 child in Orlando.

Taxes:

The fees for taxes are $627 per Month.

Property taxes annually in Orlando are $2,152.

Other Necessities:

The fees for other necessities are $719 per Month.

Housing Costs:

The monthly rent for an apartment and a house for 2 adults and 2 children in Orlando is $1,321.

Buying a house for 2 adults and 2 children in Orlando costs $384,884.02.

Median Housing Cost to Income Ratio:

27.65%

Nourishment Costs:

Nourishment is $842 per Month for 2 adults and 2 children in Orlando.

Utilities:

Services in Orlando are $235.97 per Month for 2 adults and 2 children in Orlando.

Child Care:

Child care is $1,090 per Month for 2 adults and 2 children in Orlando.

Transportation:

Transportation is $1,143 per Month for 2 adults and 2 children in Orlando.

Health Care:

Health care is $1,282 per Month for 2 adults and 2 children in Orlando.

Taxes:

Taxes are $616 per Month for 2 adults and 2 children in Orlando. Property taxes annually in Orlando are $2,152.

Other Necessities:

Other necessities are $784 per Month for 2 adults and 2 children in Orlando.

Housing Fees:

The rent for an apartment and a house for 2 adults and 3 children to live in Orlando is $1,713 monthly.

Buying a house for 2 adults and 3 children in Orlando is an expense of $384,884.02.

Median Dwelling Cost to Income Ratio:

27.65%

Nourishment Fees:

Nourishment for 2 adults and 3 children in Orlando is $1,028 monthly.

Utilities:

Services in Orlando are $235.97 per Month for 2 adults and 3 children in Orlando.

Child Care:

In Orlando, child care for 2 adults and 3 children is $1,225 monthly.

Transit:

Transit for 2 adults and 3 children in Orlando is $1,181 monthly.

Health Care:

Health care for 2 adults and 3 children in Orlando is $1,499 monthly.

Taxes:

Taxes for 2 adults and 3 children in Orlando is $722 per Month. Property taxes annually in Orlando are $2,152.

Other Necessities:

Other necessities for 2 adults and 3 children in Orlando are $993 monthly.

Dwelling Fees:

The rent for 2 adults and 4 children in Orlando is $1,713 monthly.

The price to buy a house for 2 adults and 4 children in the district is $384,884.02.

Median Dwelling Cost to Income Ratio:

27.65%

Nourishment Fees:

Nourishment for 2 adults and 4 children in the district is $1,258 of monthly money.

Services:

Services in the district are $235.97 per Month for 2 adults and 4 children in the district not including weather changes.

Child Care:

In the district, child care for 2 adults and 4 children is $1,225 monthly.

Transit:

Transit for 2 adults and 4 children in the district is $1,203 per Month.

Health Care:

In the district, health care for 2 adults and 4 children is $1,715 per Month.

Taxes:

Taxes for 2 adults and 4 children in the district is $685 per Month. Property taxes annually in the district are $2,152.

Other Necessities:

Other necessities for 2 adults and 4 children in the district are $1,076 monthly.

What Salary Do You Need to Live in Orlando?

Based on the living wage data for the district, here’s the annual income needed before taxes for various family sizes:

• 1 Adult: $38,766 salary needed for rent and other necessities. 
• 2 Adults (1 working): $75,709 needed for rent and other necessities.
• 2 Adults (Both working): $57,937 needed for rent and other necessities.
• 2 Adults (1 working) + 1 Child: $96,862 needed for rent and other necessities.
• 2 Adults (Both working) + 1 Child: $83,696
• 2 Adults (1 working) + 2 Children: $127,069
• 2 Adults (Both working) + 2 Children: $105,475
• 2 Adults (1 working) + 3 Children: Not available
• 2 Adults (Both working) + 3 Children: Not available
• 2 Adults (1 working) + 4 Children: Not available
• 2 Adults (Both working) + 4 Children: Not available

Unfortunately, the data for families with 3 or 4 children is not available. However, it’s clear that the cost of living increases significantly with the number of children. It’s also worth noting that these figures are based on the living wage, which is often higher than the minimum wage. This wage ensures a comfortable living standard, covering fees like food, childcare, medical, housing, and others.

Is Orlando Florida an Expensive Place to Live?

The district in Florida, is slightly more expensive than the national median, with a cost of living that is 4.2% to 5% higher. The primary factors contributing to this higher cost are housing and food. The monthly fees for various family sizes, as provided, range from $3,519 for a single adult to $8,876 for two adults with four children. These figures are significantly higher than the minimum wage, indicating that the district can be expensive for those earning lower wages. However, it’s worth noting that the cost of living is relative and can vary based on factors such as income, lifestyle, and personal financial management. Therefore, while the district may be more expensive than other cities on median, it may still be affordable for individuals or families with higher incomes or effective budgeting strategies.

Is Orlando Affordable to Live In?

What is the Average Salary in Orlando?

The median salary in the district, Florida, varies depending on the source, but it generally falls within the range of $41,000 to $54,179 per year. This equates to an median hourly wage of approximately $19 to $26. These figures are medians and actual salaries can vary significantly based on factors such as occupation, level of education, years of experience, and specific skills.

When considering the cost of living in the district, these median salaries appear to be sufficient for a comfortable lifestyle, especially for single adults and two adults with no children. However, for families with children, the cost of living increases significantly, and the median salary may not be enough to cover all fees comfortably. Therefore, while the district can be affordable for some, it may be challenging for others, particularly larger families, to live comfortably on an median salary.

It’s important to note that these are median figures, and individual circumstances can greatly affect the affordability of living in the district.