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Aptly named the Sunshine State, Florida makes up the iconic peninsula in the southern United States. Florida offers many opportunities for everyone from all walks of life. Although Florida is famous for its overwhelming population of retirees, there is a surprising diversity in community and careers. Florida is home to populated cities like the glamourous Miami, the capital of Tallahassee, and the tourism mecca, Orlando, Florida.
Florida offers numerous different environments: wetlands, swamps, beaches, forests, and bustling cities. For those that are easily affected by heat and humidity, it would be wise to avoid most of the state. However, if you’re able to brave some oppressive heat waves, Florida can provide someone with plentiful opportunities.
Housing and Jobs in Florida
Depending on what city or county you find yourself in, the housing market can vary. Overall, the median price of a house in Florida is ~$246,000. The median rent price in Florida is ~$1,800. Comparing different cities, it depends on the job market you are after as well. Much of the decision-making process of living in Florida will ultimately come down to preference. Either way, Florida’s multiple metro areas provide excellent opportunities from digital media, banking, finance, accounting, real estate, healthcare, and government.
Although living in Florida is not as inexpensive as a place like Alabama, the allure of property here is the location. You can access parks, beaches, and urban hubs at any time in a reasonable driving distance. However, this means traffic can get ugly; congestion is a massive issue in many of Florida’s cities.
If on the job hunt, starting in major metropolitan areas is your best bet, specifically the Tampa-St. Petersburg-Clearwater metro area. These cities are hubs of financial institutions like Wells Fargo, Citibank, and JP Morgan. Finance is a great field to invest in within the state. For example, the median salary for a CPA in Florida was “…$62,270 a year in 2018, according to the Bureau of Labor Statistics.” If you are a more experienced CPA in Florida, you could expect to make upwards of ~$110,000 annually.
Taxes in Florida
There is no income tax in Florida. The sales tax is a flat rate of 6%. Depending on what county you are residing in, this sales tax could increase up to 8.50%, specifically in places like Tampa (Hillsborough County) and Key West (Monroe County). For property taxes, it also depends on what county you’re in. Counties like Clay, Miami-Dade, and Monroe will charge 0.874%, 1.039%, and 0.693% on your property, respectively.