Is It Expensive To Live In St Petersburg Florida?

If you’re looking into relocating in the Sunshine State, why not go a step further and move in Sunshine City. Also known as St. Pete or The Burg - depends whether you’re talking to seniors or millennials - St. Petersburg is a gulf coast city in Florida that is only 30 minutes away from Tampa. While many people compare St. Petersburg with Tampa, there are too many differences to get into it here.. Best known for its world record breaking weather and some of the best beaches in the whole world, St. Petersburg FL manages to retain that small-town feel even if it’s the best destination for those snowbirds that come seeking sunshine in the middle of Winter.

Cost of living in Saint Petersburg FL

Thinking of living close to the beach, or maybe even getting a waterfront property, St. Petersburg is very affordable for what it can offer. As in the majority of cities from the U.S., however, the affordability of living depends on a number of factors. In St. Petersburg, FL, like in most cities, the biggest factor that influences the cost of living is the housing market. The real estate market has changed into a buyers market and the real estate trends will tell us how that will impact the housing market in St. Petersburg.

Real estate prices in St. Petersburg are below the national average by 18.8% if we look at real estate in general. Waterfront properties are much cheaper here than in other areas. The median house price in St. Petersburg is $228,000 with an increase of 6.1% from 2019 and an estimated further increase of 6.1% for 2021. Here, you can find waterfront properties with their own docks at around $600,000 so it’s definitely worth a watch if you’re dreaming of docking your yacht or even a more humble boat right in your backyard. If you’re looking at rentals, a median rent price is around $1,500. These prices, however, do vary depending on the location you choose, as in the outskirts you can even find lovely waterfront properties for $180,000 near the Little Bayou in Coquina Key. It really depends on what you want and what your budget is. The local real estate agents in St. Petersburg FL can help you find the best deal in the Sunshine City.

The cost of living in St. Petersburg, FL is 0.5% less expensive than the national average with health care being the biggest difference between the two by 20% cheaper than the national average. In 2018 St. Petersburg was considered the second most affordable city in Florida, only beaten by Jacksonville. In regards to the cost of transportation and food, St Petersburg is more affordable than the national average by around 10% each.

All these factors would make it a clear winner when it comes to the cost of living and it can be a good place to live, however, the difference overall is only 0.5%. The reason for that, unfortunately, is the income in St. Petersburg. With a median household income of $58,057, St. Petersburg has a lower median income than the national

Need help as a:

I am a buyer

I am a realtor

I'm interested to:

Buy

Sell

Rent

I'm interested to:

Residential

Commercial

Rental

Reach out to the local professionals for help

Where?

Name

Phone

Email

 

I agree to receive FREE real estate advice.

Agents, get listed in your area. Sign up Now!

Here's what you'll get:

1. Full zipcodes coverage for the city of your choice for 3 months

2. The ability to reach a wider audience

3. No annual contract and no hidden fees

4. Live customer support/No robo calls

$75 - Any City - 3 Months Coverage

Where?

First Name

Last Name

Cellphone

Email

Credit Card Number

Credit Exp Date*

01 02 03 04 05 06 07 08 09 10 11 12 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 2039 2040 2041 2042 2043

CCV*

Billing Zip code*

 

I agree to receive FREE real estate advice

I agree with Terms & Conditions and Section 5-5.9.

median of $55,134. The data is from the year 2017 when there was an income increase of 5.3% from the previous year.

Millennials are coming here and for them, it’s affordable. They also bring their artistry which transformed St. Petersburg into a city of museums that will seem surreal.