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.
Popular Real Estate Questions
Popular Real Estate Glossary Terms
Real annual return on a real estate investment. It equates the initial investment with the present value of future net cash inflows from the investment. The IRR can be determined by using a ...
An insurance policy indemnifying a property owner up to the limits of the policy against fire or other hazard requiring the total destruction and removal of the structure. ...
Combination of insurance policies on property with each providing an additional increment of coverage exceeding the limits of the preceding policy. For example, policy A adds $70,000, then ...
The Principle of conformity states that conformity is achieved when all the entities or objects comply to the same standard, rules or laws. This creates a balance and stability between ...
(1) Judgment against a defendant who does not respond to the plaintiffs lawsuit or fails to appear in court at the hearing or trial date. (2) Judgment issued by the court against the ...
Legally proper instrument under seal that transfers title to real property from the seller to buyer. ...
Net amount of cash than an investor requires from an income-producing property, after taxes, for a period of time, usually a year. It is computed by accumulating all rental receipts for the ...
When we talk about adverse environmental impacts, we always refer to the man-made negative impact on the environment. An adverse environmental impact can be defined as negative changes that ...
Platform erected on a roof in some New England homes having a view of the sea. It was said widows of lost seaman would walk on the platform looking out at sea for their husbands to return ...
Have a question or comment?
We're here to help.