How Much Money You REALLY HAVE TO MAKE To Live In Florida - The New Cost of Living In Tampa
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- เผยแพร่เมื่อ 6 มิ.ย. 2024
- So you’re thinking of moving to the Sunshine State, and wondering, "How much money do I really have to make to live in Florida?" In today’s video, I’ll cover everything from rising housing prices, taxes, insurance which is crazy, and other expenses that might affect your budget as you decide if Florida is right for you.
📲 We have so many people contacting us who are moving here to Tampa, Florida, and we ABSOLUTELY love it! Honestly, if you are moving or relocating here to Tampa, St. Petersburg, or Clearwater, Florida, we can make that transition so much easier on you!!
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Juan Alcala - Tampa Realtor
📲 Call/Text Direct at (813) 261-3540
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For all of you who were considering moving to Tampa but have now changed your mind, thank you. City planners (and I use the term loosely) will build on every square inch of available land with no concern for transportation infrastructure. It's ridiculous. Been here for 50 years and it just gets worse because of lack of restraint and foresight.
Oh well! They do that in every city lmao😊
I wasn’t actually considering Tampa. Too congested and expensive now. I was looking at Polk County in central Florida. A few smaller towns there that aren’t super expensive
Mi marido está buscando contratar a un asistente remoto, trabajo disponible siempre y cuando veas este mensaje, el pago es de 1000 $ cada dos semanas con opciones de bonificación
Those numbers are amazing but as a Floridian who has lived in Tampa for 30 years it is amazing how expensive it is to live here with Florida income. Native Floridians are being priced out of Florida being replaced by work from home transplants. My son and his wife who both were born in Florida, attended the University of Florida and became teachers decided last year to move out of state because as teachers they could not make enough money to buy a home in an average, not great or even safe community. They both drove 30-45 minutes daily from an apartment they could affords for the past 5 years. So, Florida has lost two teachers both of whom won teacher of the year awards and had multiple state and National recognition as teachers for their subjects. Just Sad.
Basically you have to be rich now in order to live good in Florida
I don’t know about rich, but you do have to make decent income to live well anywhere now.
@LIVING IN TAMPA FLORIDA I guess people like me with fixed Income have no chance in Florida
@@trulivingtampa
You do though. You need the minimum i would say $70,000 yearly if you could find that type of career there. The jobs pay sooo low in Florida.
Thanks for the details. I wanted to move to Tampa about 10 years ago but got diverted....Now it's simply too expensive for me. I realized this a few months ago when I was thinking about Florida again. Plus it's just becoming very crowded. ❤
You’re welcome! The cost of has definitely increased, but overcrowding is it an issue. 80% of population lives on or near the coast. Florida is huge!
Cost, same for me. It will be a miracle if I can figure out a way. A friend winters in some small trailer type home in Holiday, but that kind of home doesn't appeal to me. Plus I think the area probably isn't too swift either.
@@trulivingtampaI’ve been here since 2004 and yes it is very crowded now and getting worse by the week! Traffic is bad
I am glad you realize it. Many don't look at the BIG picture! Traffic and $$$$$$$$$$$
Mi marido está buscando contratar a un asistente remoto, trabajo disponible siempre y cuando veas este mensaje, el pago es de 1000 $ cada dos semanas con opciones de bonificación
When I first moved to Ft Myers in 1990 I rented a nice two bedroom apartment for $450. Today that same unit rents for $1500. I left Florida in 2018 and I guess I enjoyed it when it was affordable-it is no longer as wages have not kept up.
I retired early to the Philippines where I now own a nice house in a gated community and live extremely well for $2,500 a month.
Obviously you earn why more than the average Joe! Most of us have no chance of even qualifying for a $450000 home forget the other insane expenses.
This is SSUUPPERRRR helpful!!! Thank you so much for this!!! :)
You’re welcome!
I’m staying in New York City! According to this guy, Florida is more expensive than New York City!
Thanks for watching.
NYC got high paying jobs. Florida don’t.
I think his numbers sound fairly accurate if you're feeding a family of 5 and just moved here and needed to buy everything new. If you have 5 people in your household you have to be making well over 100k to be able to afford it here. Hands down.
Obviously, native Floridians who got locked in at low interest rates, low home values, homesteaded their houses (which basically saves your butt on getting ripped off on property taxes) are having a much easier time and can afford to make less.
But things here have gotten wild and Floridian employers are still paying 2017 wages. It's gotten significantly better since the Pandemic, but it's still muuuuuuuuch lower than other states. Especially for jobs that are essential like nursing & teaching, which is why we're having an insane shortage on teachers healthcare workers. So, really bad place to have kids or to get sick.
And the insurance rates are insane, I've heard of people getting hit with $1000s of dollars extra in price hikes in their yearly policies. If they decide to even renew hou. It's because the hurricanes are making the companies run for the hills. And the ones that stay know that they can take full advantage of you. Not pay out claims or fight you tooth and nail over small amounts. It's bad.
I would suggest staying in NY, not because "We're full" like how all the other Florida folk say. But because it's legitimately overvalued and investing here is akin to betting on red on a roulette table. 50/50 chance says you're gonna take a fat hit on your property value and end up with nothing or come out victorious.
In 2019 my friend moved to Orlando with husband, her two teenagers sons, and a beautiful dog. According to her their cost of living in 2023 were close to $100k. Their cars and house insurance tripled since 2019. 😢
Thanks for sharing and thank you for this video 😢
You’re welcome
Thanks for info 👍
Publix prices are ridiculous. You could save a ton shopping Walmart, target, Aldi or Trader Joe’s
Thanks for sharing.
Yoooo appreciate the shout-out to Pensacola!
Good advice!! If you plan on living in your house long term, I'd get double paned windows. Single pane is basically zero insulating.
Facts!
@@RareGenXer is that really true?
@@RareGenXer never knew that. Good info!
I live in Florida. Orlando greater area. Which is growing and expanding at a ridiculous pace. You cannot be me and make what I make and live here right now. Insurance for home and car went up and property taxes. Omg. Probably 3k more a year since last year and expected to increase more by 40% next year. I would cry, but it doesn't pay the bills.
Nice review 👌
Thanks!
I been living in Clearwater Beach Florida for 23 years. And now it's just boring so planing to move back to nyc! Not much to do here in Clearwater Florida
Don’t forget traffic man from 6-10 and from 2-7 traffic is bad on I-275
You’re not wrong. 😎
Very informative, thanks for the details. We are moving in July and have settled on the Parish area. We will most likely rent for the first six months to a year until we sell our current home and learn more about the area. Any thoughts on different neighborhoods in Parrish /Bradenton area ? needs to be a commutable distance to St Pete. Thanks
Absolutely! Reach out to Marcia, she lives in Bradenton and knows all the best places. marcia@trulivingroup.com
sold our home, our property taxes were 6k, new owner 12k
Yes, double and triple the values come with higher taxes but are still relatively low compared to other states.
@@trulivingtampa yes but Florida has very low wages, higher car insurance rates, medical costs, grocery costs. A big part of Florida's appeal was affordability, that's gone.
@@trulivingtampaNative Floridians don’t care about it being cheaper in other states, it’s not cheaper for them on lower wages. People from other states are ruining Florida for the natives.
Wow. Cost of living has gone up a lot. I’d love to see those new statistics when they release them to the public.
Me too! It the mortgage interest rates, automobile cost, and insurance that’s really driving the increases.
florida milk is 6,39 a gallon
soda 3.00 a two liter
Thanks for sharing - really like a lot of your videos on this channel. My girlfriend and I are working to relocate to Tampa from Chicago right now. Curious how far ~$3500/month would go in the rental market in Tampa area!
It depends on the type of housing your looking for. Overall, $3,500 will go pretty far. 😎
Buy a trailer on a piece of land and call it a day
Hey man. Been watching your videos for the past month - thank you.
We live in Toronto and my fiancé works for a company headquartered in Miami. They offered her work visa and were considering moving to Tampa.
Do you also help international peeps settle in Tampa? And what are covid/vaccine requirements and lifestyle like? Everything back to normal?
Cheers!
Hey Carlos. Yes we’ve helped quite a few Canadian families move to Tampa.
Let’s connect this coming week. I’d be happy to jump on a zoom call.
813) 261-3540
juan@trulivingroup.com
calendly.com/juan-alcala/45
DONT DO IT!!!! $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$
Lived here in FL for 22 years... cost of living is so high not even professionals can't afford it anymore. Things are so expensive, income still the same. If you are an engineer asking for $40hr is too much. So think before coming, it's going to be more expensive. My insurance dropped me 6 months of 1 year policy, now I am paying more than 3k house insurance, property tax went up $500. And car insurance is on the rise. Should I keep going?
I can confirm the car payments. Just bought a 2023 Toyota RAV4 Hybrid and my payments are around $670/month car insurance went from around $900/year to $2500/year.
Welcome to the "New Normal." 😬
A 2023… obviously will be that much
I bought my place on the cheap. But, had to fix up my whole bedroom after a flood. Insurance only gave me $3500 to fix it. But, to make it right, I spent another $5000 more to make it right. Then had to replace a lot of things. After my loved ones pass on, I may not stay here. On disability, I can’t live comfortably. Everything has gone up. Especially insurance and HOA fees. You can’t rent anything for less. Insurance companies insure our building for a lot. Because, it’s old. If I had money, I would get something new and have amenities, which I don’t have. I also would get a new car. I can’t touch any of these. I own now. But, I used to rent brand new places and they had amenities. You can’t touch rent. I own my place and the HOA fees are much less than rent. But, you have to pay for all of the repairs. I’m on Obamacare, and it’s expensive for me and my hospital bills are high. With schizoaffective disorder, health is $1000/month. Because with disability, you have a waiting period to get onto Medicare and can’t have anything to get onto Medicaid and food stamps. I also don’t like my TV service. I really would do better if I had less responsibility. I will see what will happen, later. People with my disability usually have no friends and are loners. So, we end up homeless. I go to a psychiatrist. He can send me to a social worker who can help me figure out what to do.
Thank God I live in Oklahoma!
Thank you for this information I’ll retire and stay up north
If you are paying $3,500 homeowners' insurance, that's an incredible deal, a rate from ten years ago. Double that is getting to be more like the average. Be prepared for a fat increase, 30/40/50% soon. (Which after you pay, they may well drop your coverage entirely a few months later. Lots of that happening.). For those looking to rent, these costs do ultimately get passed on to the renter.
Thanks for sharing.
Wow, can’t afford that. Unfortunately have to stay living in Illinois 😢.
Yeah same houses were $225k a few yrs ago to build new. Sad. Tampa was gonna my retirement place but might do SC or NC instead.
Thanks for watching, and enjoy retirement 😎
Thats the RIGHT DECISION! SC OR NC
I'm from SC and trying to find my way out of FL. Moved here in 2013. You will love SC.
We live in NC and plan to move to Florida in 2 years. We are r too picky about where. I’ve tried to talk to my husband about Georgia as well, but he is set on Florida. I can tell you our insurance went up in NC as well. Prices are rising everywhere!
I think my expenses will be a little bit lower. Single guy here with the car paid off, no other toys. Go out to eat once a month maybe, that might change when I move to Florida, no pets, no kids. I should have a down payment of 20% on a duplex or quad and house hack. I want to buy brand new for the duplex or quad. Looking from Tampa down to Cape Coral. I should have credit cards paid in full when I move at the end of summer. What would you say to this Juan?
I love a good house hack, and sounds like you’re in a good position.
Where are the jobs that pay enough for this? Ive grown up in Wesley Chapel and theres no way we can afford to live here anymore.... What do people do for a living to afford this kind of stuff?
That’s a great question. A lot of our clients work in professional services and own businesses.
Lmfao. They woke 2-3 jobs. Don’t let these people fool y’all. Most Floridians are struggling financially.
My family moved to West Palm in 1965 it was paradise retired to rural Georgia.
Congratulations! I hope you’re enjoying retirement. Thanks for sharing!
why would you move out of a place that was paradise it not paradise anymore? water smells like a rotten egg and What so special about Georgia it better than florida isnt it florida cost of living rate unbelievable i would move to another state
@@legenddaughterrd I like to deer hunt on my 135 acres. I look out my window all I see are trees
Thirty-Five hundred is $42,000 per year for housing. The Florida I remember had very few jobs that could support that amount. Especially in a service based economy, good luck with that.
Affordability definitely has become a serious issues for residents. The thing is, Florida is now attracting more residents earning $200k+ a/yr or more than any other state. 😳
What about clothing, maintenance costs and retirement funds?
Fair question. That’s where savings and the misc categories come into play, but you’re right.
Think I'll stay in Wisconsin!!!
I live in P.A. and it has become very expensive. To live here all the bills have gone up ⬆️ I have a good income . and I really don’t know how much you need to make the food it’s sky high very expensive the winter is very cold here and we can’t even use oil I’m out
I live in Dublin City Ireland. I’ve just paid insurance on our €450,000 home. It was €277 for the year. Our private health insurance is €55 a week for myself and my wife.I could go on but my god. How can anyone live in Florida. It’s sounds like stress central just getting thru the week to pay bills. Tesco grocery shopping for 4 of us is €220 weekly.
Thanks for sharing.
I'm living in England. Here is a lot of rich people to. But remember not everyone haw the same size of family and income. Most people will never gonna see 450.000 property in entire life including me. And I'm not the poorest here. My salary is 3-4k per month.
@@homeoffice3524 I was lucky. Started with a small cheap house and sold up on a crazy property boom. Very lucky. Two adult kids will never leave. Impossible to buy now.
Yeah, here in FL I remember being told that I was getting a steal on my homeowners insurance. It was approximately €1475 for the year.
I sold my house and am moving elsewhere in the US. But, would DIE to live in Ireland or adjacently in the UK.
Do you think i can move to tampa if my car payment is 500/month insurance 100a month and i make about… 3k a month ? 🥺 it’s me alone
Northern Florida isnt as bad, like the Pensacola area.
My income is 2000 a month. I live in delray. Nice analyses but here I am.
Congratulations. Thanks for watching
4k for auto insurance. Is that for 1 car or 2 cars? Also, what are you county property taxes?
Two cars. Yes, it’s high.
@@trulivingtampamy insurance in FL just went up too
@@winstonsmith6204same
WOW..! CRAZY....!!
It is Dave. Inflation is a bear 🐻
I’m not from the US but thinking about moving to Wisconsin with a job relocation. Don’t know yet how the cost of living is there.
Hey sorry for late reply. I live in Wisconsin, and it has many nice cities that are relatively inexpensive to live.
I live here for less than $1000 a month.
Had to pay $130k to get in this position
Nice work!
$1000/month that's doable for me can you say general area or cities if suburb of Tampa. I can only go as high as $150K for a house.
Clearwater FL.
Condo $115 cash
Reno $20k cash
HOA $500/month
Insurance $100/month
Electric $80/month
Trash sewer and cable included in HOA
Wow nice job, I hope I can get as lucky. Thanks.
@@keithhuntsman9455 probably another $100 a month in property tax also I forgot to include.
it was either my best or worst decision.
Im from the Dave Ramsey thought process.
I have had many people tell me I'm a idiot.
Lol time will tell I guess
20 years Florida resident....they are building all around no matter what, draining every single swamp and now when it rains is flooded everywhere, property taxes and insurance super high, gas prices super high, flood insurance and health insurances..insane...they are killing the working class....................
100% agree! The working class is getting the shaft.
Is Ocala a place where the cost of living is lower?
Housing is chrapernim Ocala. Everything else is the same. There is also less opportunity in Ocala.
How much would it cost for a single person to move there a rental home?
It totally depends on where you move to. The average rent in Tampa Bay is around $1,800 a/mo. I’ve seen people get one bedrooms for $1,000 or $4,000.
I’m looking to move to Wesley chapel
@@Newlifepoetrylive Let's connect! (813) 261-3540 or Info@trulivingroup.com
But folks still wanna flow down here. 😅
There a lot of people who making more money than this. Or able to buy a home in cash, dramatically reducing expense. Remember, these are averages and medians. You can do it for less or More depending on your lifestyle.
Thanks for contributing to the conversation and watching.
how does anyone afford the insurance, if your making under 100k a year ?
Stay out of the flood zones. It's not that bad.
600k for a starter home, sad
Not $600k more around the $500k range.
@@trulivingtampa means you need to have an income of 140K to consider moving here. How can people afford leaving there, I wonder what percentage of people make this money in Tampa. There must be a lot of high paying jobs.
MY LIVING EXPENSE 0 FOR A ROOF OVER MY HEAD, 150 FOR ELECTRIC, WATER AND GARBAGE 150. CAR PAYMENT 0 INSURANCE 0 PROPERTY TAX 1,200 HOUSE 2 BEDS 2 BATH BIG YARD AREA NOT TO BAD SUNRISE FLORIDA REMIND YOU A BOUGHT BACK IN THE 90'S LUCKY ME
the pay don’t match the rise of everything
Ain’t that the truth.
Thanks for sharing.
Truth 👏🏾👏🏾👏🏾
I find Publix to be way overpriced
Thanks for sharing.
it is but its a great place to shop, they also bag your grocies unlike walmart with self checkouts
Aldi is the way to go
Publix is clean!
Why would anybody want to live in Florida.
One word. Lifestyle.
😂. They’re indoctrinating themselves and many others. They on these glasses that it’s a California type of state when it’s not.
Second word: Sunshine
$500 utilities and $2000 for food?!??
Mine is $80/$500 😂
He’s exaggerating! I own a home in New York City and pay less! No way it’s more expensive in Florida than New York City! Eat at home . Why eat out if you go to Public’s and Costco! Must be wasting food.
I am not exaggerating. In the video, I explained what the “average is according to the article” and what we “choose” to spend on food.
We don’t spend our money on tech and toys. We prefer to eat as clean as possible with fresh organic fruits and vegetables, and free range protein’s as much as possible.
We also choose to eat out at least once a week. It’s an experience and a treat.
The greatest thing about this country is, as long as it’s legal, moral, and ethical, you get to decide.
I don’t think he is exaggerating, living in FL expenses for our family is around $450-$500 month in the summer just for electric not other utilities and our house is a pretty average house size with a small pool,$1200 month for groceries, not eating out, and not eating all organic.
I just went to Costco today, didn’t buy much, just enough to cook for the week, spent $467. We are a family of three. We do spend $2k a month in food.
Dude, you don't pay any state income tax. What are you complaining about?!
Yeah, but the homeowners insurance & car insurance will well makeup that difference. People in FL are getting decimated by insurance property hikes. Some people (depending on the property) are getting hit with thousands of dollar price hikes. Like, it's not uncommon to hear someone paying $5,000 - $10,000 to insure a home in a beachy city. It's insane.
And you don't benefit from that at all, unlike how you might with the public services state taxes provide. In FL, you are on your own if you become homeless or unemployed.
@@picklechips1483 My insurance for a condo is less than $1K per year; the insurance for the whole building is paid by the monthly HOA fee, which is quite reasonable. Between insurance, HOA, property taxes and all utilities, I am paying well under $1K/month to live at the beach in South Florida. It's a beautiful life.
Not to worry. Since Florida’s very transient, you’ll find plenty of scamming opportunities if you just look!
can I survive in Florida with a $1200 dollar pension?
Honestly, I don’t think so.
No. I am on ssi and make more than double that and I’m struggling. I own my home outright in Pasco county (just north of Tampa) once I pay all my bills I have about $400 left a month if I’m lucky that’s if nothing breaks or crazy expenses don’t come as they always do. Unless you have 2 adult incomes I wouldnt try it.
Click bait structure here. Drags out presentation when a simple table or spreadsheet will do. This approach is dictated by You Tube algorithm I suspect, because it is used a lot. You are better off reading a summary pulled up in Google.
for gods sake people, stop voting democrat!!!
Isn’t this a republican state?
It's all Trumps fault! .... just kidding
.....
The real estate market in Florida will crash it's only a matter of time
In the meantime, we will keep living life. Tahsnk for watching!
We need Trump back in office :(
3 br 2 ba 2 car garage with 3 acres, golf resort gated, 576.00 a mo. No car payment.
Where at? "Crack Pipe Estates"? 😅
@winstonsmith6204 pffft! I purchased smart!
Visible phone service, 25 dollars unlimited and unlimited 5mbps tethering, fast enough for Netflix.
OR 45 for faster 5G and 10mbps tethering
Always give a thumbs down! Because nobody tells me what to do!