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Sixteen states are ranked as more expensive than Florida, according to theMissouri Economic Research and Information Center.
Florida is also less expensive than Puerto Rico and Washington, D.C.
Even so, some Florida residents spend a whole lot more money than others.
Average living costs can vary widely depending on where you live and how old you are.
Read on for more details about the cost of living for each generation in Florida.
Also seethe average monthly expenses for Gen Z in every state and what they spend the most money on.
Spending categories includedgroceries, healthcare, housing, utilities, transportationand miscellaneous expenses.
Gen Xers in Florida outspend other age groups in nearly every category.
The one exception is healthcare, where baby boomers have the highest costs.
The Florida numbers align with the country as a whole.
In every state, Gen Xers have the highest annual living costs.
This is perhaps not surprising because many Gen Xers are in their prime earning years and prime spending years.
In contrast, many Gen Zers are still in school, while most boomers are retired.
Heres a deeper look at the average annual expenditures in some key categories for each generation in Florida.
The cost-of-living indexes for each state as sourced from Missouri Economic Research Information Center.
This calculation gives the average expenditure cost of living for each generation in each state.
The states were sorted to show the cheapest to most expensive total cost of living.
The data was collected on and is up to date as of Aug. 24, 2024.
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