Small City Named The 'Cheapest Place To Live' In Florida

With inflation constantly looming over the heads of Americans, people are looking to save money when making big lifestyle choices. For those moving or thinking about buying a new home , affordability is usually at the top of mind. Better cost of living, cheaper transportation expenses, and lower utility bills are great motivations for moving to a different area. Cheaper doesn't always mean better. Sometimes these locations lack amenities, job opportunities, and other appealing attributes to attract new residents. As a result, most people settle for places that strike a balance or suit their preferences.

HomeSnacks released its list of the most affordable places to live in every state. According to the website, Palatka is the cheapest place to live in Florida!

Located in Putnam County, over 10,000 people call this small city home. Analysts said the median income is $30,395. The median home price is $196,151, and the median rent is $792. While the website rated Palatka pretty low, they detailed some of the perks of living there:

"Palatka stands out as a beacon of budget-friendly living in Florida in the heart of Putnam County. It has a median home value of $196,151, securing the fifth lowest spot in Florida — a significant savings on housing. Renters rejoice with an impressive income-to-rent ratio with a $792 average rent ranking as the sixth cheapest. You’ll also save on cheap things to do, like a visit to Ravine Gardens State Park or fishing along the St. Johns River."

Here are the Top 10 cheapest places to live in Florida for 2024:

1. Palatka
2. Perry
3. Belleview
4. Orange City
5. Sebring
6. Brooksville
7. Arcadia
8. Live Oak
9. Ocala
10. Holly Hill

Check out the full rankings on HomeSnacks ' website .