Cost of living in Orlando research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Orlando is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Florida, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Orlando is 97, with 100 being the average.
The cost of living index in Orlando is 1.0x lower than the national average.
Orlando ranks as the #203 cheapest in Florida out of 459.
Orlando ranks as the #2,747 cheapest out of 6,412 in the US.
The median home value in Orlando is $283,700.
The median income in Orlando is $58,968.
According to the most recent data on the cost of living, Orlando has an overall cost of living index of 97, which is 1.0x lower than the national index of 100.
Compared to Florida, Orlando has a cost of living index that's 1.0x lower than Florida's index of 101.
The standard of living in Orlando ranks as #203 most affordable out of the 459 places we measured in Florida. By definition, that implies Orlando ranks as the #256 most expensive place in the Sunshine State.
For more reading on life in Orlando, check out:
Six factors go into calculating the cost of living index in Orlando. Here is how it fairs on each of the criteria:
The Services index in Orlando is 95.
The Groceries index in Orlando is 101.
The Health index in Orlando is 93.
The Housing index in Orlando is 96.
The Transportation index in Orlando is 98.
The Utilities index in Orlando is 102.
Living Expense | Orlando | Florida | National Average | |
---|---|---|---|---|
Overall | 97 | 101 | 100 | |
Services | 95 | 98 | 100 | |
Groceries | 101 | 101 | 100 | |
Health | 93 | 96 | 100 | |
Housing | 96 | 108 | 100 | |
Transportation | 98 | 98 | 100 | |
Utilities | 102 | 100 | 100 |
Housing swings affordability the most between places in Florida, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Orlando is $283,700.
The Median Rent in Orlando is $1,346.
The Median Income in Orlando is $58,968.
The Home Value To Income in Orlando is 4.8x.
The Rent To Monthly Income in Orlando is 0.27x.
Statistic | Orlando | Florida | United States |
---|---|---|---|
Median Home Value | $283,700 | $248,700 | $244,900 |
Median Rent | $1,346 | $1,301 | $1,163 |
Median Income | $58,968 | $61,777 | $69,021 |
Home Value To Income | 4.8x | 4.0x | 3.5x |
Rent To Monthly Income | 0.27x | 0.25x | 0.2x |
The cost of living varies in the cities and towns around Orlando. Here's a quick look at the cost of living in the most populous nearby places:
Ocoee, FL has a cost of living index of 101, 1.0x Orlando.
Meadow Woods, FL has a cost of living index of 98, 1.0x Orlando.
Oviedo, FL has a cost of living index of 106, 1.1x Orlando.
City | Population | Cost Of Living | Vs. Orlando |
---|---|---|---|
Ocoee, FL | 46,562 | 101 | 1.0x |
Meadow Woods, FL | 39,904 | 98 | 1.0x |
Oviedo, FL | 39,405 | 106 | 1.1x |
Winter Springs, FL | 38,021 | 100 | 1.0x |
Buenaventura Lakes, FL | 35,922 | 94 | 1.0x |
Winter Park, FL | 29,672 | 117 | 1.2x |
Maitland, FL | 19,154 | 115 | 1.2x |
Southchase, FL | 15,592 | 100 | 1.0x |
Longwood, FL | 15,085 | 97 | 1.0x |
Lockhart, FL | 14,390 | 90 | 0.9x |