What Is The Cost Of Living In Clermont Florida?

Definition of "what is the cost of living in clermont florida?"

Clermont is a city situated in Lake County, Florida with a population of about 36,000 people and it is part of the Orlando-Kissimmee-Sanford Metropolitan area. Clermont Florida has a suburban feel to it with a family-friendly environment, but an area that is very appealing for retirees as well.

The city of Clermont FL is also situated about 22 miles away from Orlando and Leesburg, so residents from Clermont can easily commute or visit these major cities of Florida. With great schools, wonderful parks, and lakes as well as a peaceful environment, Clermont is considered to be a great place to live. But, how affordable is Clermont Florida? Let’s find out what the cost of living is in Clermont Florida?

Clermont FL is an affordable city where about 70% of the housing units are occupied by owners and the rest are rented. The cost of living shows that the city of Clermont is close to the state average and in areas such as health care, transportation, and services the cost is about 10% lower than the average of Florida.

When it comes to housing costs the median home value is situated at around $250,000 and the housing market is the highest expense in Clermont. About 10% above the national average and the average of Florida but it is still way more affordable compared to Orlando, Miami, or Jacksonville.

The average rent price is about $1,300 and about 66% of apartments are priced within the rent range of $1,000 to $1,500. Only 25% are priced above $1,500 per month and 8% of apartments are priced below the $1000 price point.

If you decide to relocate here, have one of our real estate agents in Clermont FL help you with finding the right home for you in this lively and vibrant city.

image of a real estate dictionary page

Have a question or comment?

We're here to help.

*** Your email address will remain confidential.
 

 

Popular Real Estate Questions

Popular Real Estate Glossary Terms

An interim or provisional court decree, which is not final and can be reversed or amended, normally issued to direct additional proceedings prior to issuing a final decree. For example, an ...

Interest a person pays before it is actually incurred. An example is a one year's interest that a borrower agrees to pay in advance to a bank on a mortgage. This rarely occurs. ...

Percentage of rental property that is unoccupied. For example, a vacancy rate of 25% means that 25% of the rental unites are nor being used. Idle space can cause a significant cash drain ...

Typically, the legal term attachment refers to seizing a person’s property, being charged with debt, and giving it to the wronged creditor until the process is in motion. Attachment ...

Latin term meaning let the buyer beware. The buyer purchases at his or her risk, in the absence of fraud. This does not obligate the seller to volunteer information. However, legal statutes ...

Uncertainties associated with real property including lack of insurance coverage in the event of fire or injury, high crime area, and environmental problems. This risk may be reduced ...

Provision in a loan agreement where a debtor authorizes a judgment against him in the event of a default. These agreements are widely restricted, but when they are lawful, the creditor is ...

Rule stating that the monthly mortgage payment, property taxes, and insurance should not exceed 25% of a family's monthly gross income, or about 35% for a Federal Housing Administration ...

A correlation defines how two variables relate to one another. We can confirm a correlation if an alteration in one variable can change the other’s behavior. Using quantifiable data ...