Cost of Living in Ocoee, FL

Housing

The housing market plays a significant role in determining the cost of living in Ocoee, FL.

• Housing Index: 115.0 / 100
• Median Home Price is: $350000
• Average Rent (2 BR Apartment): $1800 per month
• Average Rent (2 BR House): $1840 per month

Considering a move to Ocoee, FL? With a housing index of 115.0, it indicates that housing costs are above the national average. The median home price stands at 350000, which could be a viable investment in the long run. Additionally, the average rent for a 2-bedroom apartment is set at 1800, while a 2-bedroom house averages 1840. It's essential to weigh your priorities between renting or buying. Market trends show that areas with similar housing costs often see appreciation over time, making them attractive for potential homeowners.

Utilities

The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Ocoee, FL.

• Electricity Price: 13.89 USD (median by state)
• Natural Gas Price: $26.13 USD per Thousand Cubic Feet (median by state)
• Other Utilities (water, garbage, etc.): $250 per month

Living in Ocoee, FL could entail higher utility costs. Electricity costs sit at 13.89, while natural gas is priced at 26.13 per Thousand Cubic Feet—both aligning with state medians. Expect to budget about 250 monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Bethlehem is a financially viable option for your relocation.

Cost of Living Index

The cost of living index is a widely used metric to determine the relative affordability of cities and towns.

• Index score: 108.6

Median Income

The median income is an important factor to consider when evaluating the affordability of a city or town.

• Median Income: $88828

Educational and Social Amenities

Access to quality education, healthcare, and social services can significantly impact the overall quality of life in a city or town.

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Summary

When considering a move to Ocoee, FL, consider the following factors:

• Taxes: State income, property, and local income taxes can significantly impact your take-home pay.
• Job opportunities: The availability of jobs in your field can affect your quality of life.
• Cost of living: Housing costs, utilities, transportation, and other expenses should be considered when evaluating the affordability of a city or town.