Located in the Florida Panhandle, Tallahassee is home to a variety of outdoor recreation opportunities. The capital city is also known for its vibrant arts and culture scene, as well as a wide selection of family-friendly activities.
When deciding to move, it is important to consider the cost of living in your chosen destination. The Cost of Living in Tallahassee is 4% lower than the national average, making it an affordable place to live. However, the specific expenses you will experience will vary based on your individual needs and career goals. PayScale’s Cost of Living Calculator can help you determine how much money you will need to make in order to maintain your current lifestyle in Tallahassee.
Housing expenses are one of the largest and most consistent monthly costs for homeowners and renters. The median home price in Tallahassee is $211,000, while the average rental is $899 per month. The low housing prices in Tallahassee make it an attractive option for families and young professionals who want to save money while reducing their mortgage or renting expenses.
Other monthly expenses include utilities, transportation, food, health care, and taxes. The average cost of these items in Tallahassee is 4% lower the national average. Utilities include electricity, internet, and water, while transportation expenses like bus fares and gas are 8% less expensive than the national average. Food and grocery expenses are 7% lower than the national average. Health care costs in Tallahassee are 9% higher than the national average.
The average annual cost of living for a single adult in Tallahassee is $37,206, which is about the same as the state of Florida and less than the national figure. This makes Tallahassee an affordable city to live in, especially for those with a stable income.
To calculate the cost of living in Tallahassee, 24/7 Wall St. used data from the Economic Policy Institute to compare the cost of living in more than 29,000 cities and towns across the United States. The index measures the relative price of a basket of goods and services, including food, housing, child care, transportation, health care, and taxes. The results are based on a survey of more than 35,000 people living in each location.
The city’s relatively low crime rate is another factor that contributes to its affordability. The risk of being a victim of violent or property crimes is significantly lower than the national average, making Tallahassee an extremely safe city to live in. The overall cost of living in Tallahassee is also more affordable than the national average, making it an excellent choice for families and young professionals who are looking to save money on their housing and utility expenses. In addition, the city has a strong economy and a diverse job market, which is great for those who are interested in building their careers. The city offers many great dining, shopping, and entertainment options for residents and visitors alike. The local parks and nature preserves are beautiful, which makes it a great place to raise a family or retire.