Cost of Living in Orlando Florida


Orlando, Florida, is known for its vibrant tourism industry, theme parks, and sunny weather. However, for those considering a move to this bustling city, understanding the cost of living in Orlando, Florida, is crucial. 

Whether you are relocating for a job, retirement, or a change of scenery, this comprehensive guide will help you navigate the various expenses associated with living in Orlando.

Housing Costs in Orlando

The housing market in Orlando, Florida, is currently experiencing notable trends and fluctuations that are important for both potential buyers and investors to understand. 

As of mid-2024, the median home price in Orlando stands at approximately $407,000, marking an 8.7% increase from the previous year. 

This increase is indicative of a competitive market where homes typically sell within 19 days of being listed. 

However, the market dynamics vary across different neighborhoods, with some properties being sold at slightly below the asking price, reflecting a mix of competitive and negotiating buying behaviors. 

The overall supply of homes remains tight, with an inventory level of about 1.8 months, which is significantly lower than the balanced market supply of six months, thereby exerting upward pressure on prices.

In the rental market, the median rent for all property types in Orlando is about $1,960 per month, which is slightly lower than the national average but still represents a significant portion of monthly expenses for residents. 

Around 60% of rental properties in Orlando are priced at $1,500 or less, while 26% fall between $1,501 and $2,000, and about 8% are priced over $2,000. The strong rental market is driven by Orlando’s growing population, job opportunities, and continuous inflow of tourists and young professionals. 

Despite the recent cooling trends, where properties are staying longer on the market compared to last year, the overall outlook suggests a steady demand fueled by economic and demographic factors. 

This combination of high demand and limited supply makes Orlando’s housing market a critical area for strategic investment and careful planning for those looking to buy or rent in the city.

Utility Expenses

Utility expenses in Orlando, Florida, are a significant consideration for residents, especially when budgeting for monthly costs. 

On average, the monthly cost for basic utilities, which includes electricity, heating, cooling, water, and garbage services for a 915 square-foot apartment, is around $181.83. This figure can vary, ranging from approximately $123.52 to $300 depending on the season and usage levels. 

Additionally, internet services typically cost about $75.30 per month, while mobile phone plans range from $35 to $120 monthly, based on the data and call packages selected.

Electricity bills, in particular, stand out in Orlando. The average monthly electricity bill for residential customers is around $252, significantly higher than the national average of $175. This translates to an annual cost of approximately $3,024. 

The average electricity rate in Orlando is 17 cents per kilowatt-hour (kWh), which is slightly above the state average of 15.18 cents per kWh but below the national average of 18 cents per kWh. These rates reflect the high usage due to Orlando’s warm climate, which necessitates extensive use of air conditioning.

Transportation Costs

Transportation costs in Orlando, Florida, present a variety of options and associated expenses that residents should consider. For those relying on public transportation, the city’s Lynx bus system offers a cost-effective solution. 

A single bus ride costs about $2, and an all-day pass is $4.50, while a 7-day pass is a very economical $16. This makes public transport a viable option for daily commutes and general travel around the city, especially for those living near bus routes. 

Additionally, many hotels and accommodations offer free shuttle services to major attractions, which can further reduce transportation costs for residents and tourists alike.

For those who prefer the convenience of driving, gasoline prices in Orlando average around $3.47 per gallon. Owning a vehicle involves additional expenses such as maintenance, insurance, and parking fees, which can add up quickly. 

The average monthly car insurance premium in Orlando is approximately $191, and general vehicle maintenance costs, including tire balancing and routine checks, need to be budgeted for. Taxi services are available, with the initial fare typically around $2.90 and approximately $3.06 per mile thereafter. 

Ride-sharing services like Uber and Lyft also provide flexible transportation options, though these can be more expensive than public transportation depending on the distance and frequency of use. 

Overall, residents have a range of transportation options to balance convenience and cost according to their individual needs and lifestyles.

Healthcare Costs

Healthcare costs in Orlando, Florida, can vary widely depending on the type of insurance plan and level of coverage selected. 

For instance, the average monthly premium for a Silver health insurance plan in Florida is approximately $440, though it can be as low as $231 for a Catastrophic plan or as high as $691 for a Platinum plan. 

These premiums are based on a 40-year-old individual and can be influenced by factors such as age, medical history, and specific health needs. 

The Silver plans, which cover about 70% of healthcare costs, are popular due to their balance of moderate premiums and good coverage. In contrast, Gold and Platinum plans, while more expensive, offer more comprehensive coverage with higher monthly premiums but lower out-of-pocket costs.

In addition to insurance premiums, out-of-pocket healthcare expenses also play a significant role. The average cost for a doctor’s visit in Orlando is around $131, and common procedures such as blood tests and X-rays can add to the overall medical expenses. 

For those managing chronic conditions or requiring frequent medical attention, choosing a plan with higher premiums but lower out-of-pocket costs can be more economical in the long run. 

The Orlando Health Network has also implemented cost-saving measures, saving nearly $160 million through initiatives aimed at enhancing patient care and efficiency. 

These efforts reflect a broader trend towards improving affordability and accessibility of healthcare services in the region.

Recreation and Entertainment

Recreation and entertainment options in Orlando, Florida, are diverse and cater to a wide range of interests, making the city a vibrant hub for both locals and tourists. One of the most exciting additions in 2024 is the opening of AREA15, an immersive entertainment district that promises innovative design, art installations, and a variety of attractions. 

Inspired by its Las Vegas counterpart, AREA15 Orlando will offer unique experiences such as virtual reality adventures, interactive art exhibits, and out-of-this-world nightlife. This new district aims to enhance Orlando’s reputation as a leading destination for immersive and interactive entertainment.

In addition to new attractions, Orlando continues to host an array of annual events and festivals that celebrate its cultural diversity and community spirit. 

Highlights for 2024 include the Central Florida Fair, which features rides, games, food, and livestock exhibitions, and the Florida Strawberry Festival, known for its delicious strawberries and star-studded entertainment lineup. 

Music lovers can look forward to big-name concerts from artists like Bad Bunny, Tim McGraw, and The Rolling Stones, with performances scheduled at various venues across the city. 

These events, coupled with the ever-evolving attractions at major theme parks like Disney World and Universal Studios, ensure that Orlando remains a top destination for recreation and entertainment.

Income and Employment

The income and employment landscape in Orlando, Florida, has shown significant activity and growth in recent years. As of 2024, the median household income in Orlando stands at $64,936, reflecting a steady increase from previous years. 

This figure is slightly below the national median but indicates a robust economic environment. Additionally, the per capita income for Orlando is approximately $33,928, showing considerable growth since 2013 when it was at a low of $27,502. 

This growth demonstrates Orlando’s resilience and ability to bounce back economically.

Employment opportunities in Orlando have also expanded, particularly in the private sector. In April 2024, the Orlando area saw a 1.6% increase in private sector employment, adding around 21,800 jobs. 

The unemployment rate for the area was reported at 3.2%, up slightly from the previous year but still below the national average. 

Key industries driving job growth include trade, transportation, utilities, leisure, and hospitality, with the latter adding approximately 7,100 jobs over the year. 

This positive job growth trend is supported by Florida’s strategic investments in workforce development, which aim to enhance skill sets and foster economic resilience.

Taxes in Orlando

Taxes in Orlando, Florida, cover a range of categories, including property, sales, and special assessments, each contributing to the overall fiscal landscape of the city. 

Property taxes in Orange County, where Orlando is located, are calculated based on the property’s assessed value minus any exemptions. 

For 2024, the median property tax in Orange County is approximately $2,152 per year for a home worth the median value of $228,600. This rate represents about 0.94% of a property’s assessed fair market value, slightly above the national average. 

Additionally, property owners can benefit from various exemptions, including those for homesteads, seniors, veterans, and disabled individuals, which can significantly reduce their tax liabilities.

Orlando’s sales tax rate stands at 6.5%, combining the state rate of 6% with an additional 0.5% county tax. This rate applies to most goods and services sold within the city, contributing significantly to local revenue. 

Florida does not levy a state income tax, making it an attractive location for individuals and businesses. 

However, other taxes such as the state gas tax, which is 36.525 cents per gallon for gasoline and 20.20 cents per gallon for diesel, help fund transportation infrastructure and services. 

These various tax components together create a balanced system that supports public services and infrastructure in Orlando.


Understanding the cost of living in Orlando, Florida, is essential for anyone considering moving to the city. By carefully evaluating housing, utilities, transportation, food, healthcare, and other expenses, you can make informed decisions about your budget and lifestyle. 

With its many advantages and opportunities, Orlando can be a great place to live, provided you plan and manage your finances effectively.

If you are planning on moving to Orlando, hiring a moving company can significantly ease the process. Moving companies not only transport your belongings but can also provide valuable assistance in navigating the city and settling into your new home. 

These companies offer various services, from packing and transporting your items to helping you familiarize yourself with Orlando’s neighborhoods and amenities. Utilizing a professional moving service ensures a smoother transition, allowing you to focus on adjusting to your new environment and exploring all that Orlando has to offer.

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