Thought I would post an update on our exploration so far. We were in SE FL for 3 weeks. Arrived yesterday at the SW FL Coast. Our impressions of SE/Central East Coast Florida are:
- Surprisingly, the only thing that seems cheaper vs So CA is gasoline, which is about $1.50/gallon less. Since we don’t typically drive a lot, that isn’t too relevant for our cost of living. Housing, food at grocery stores, and dining out are all about the same. Homeowners insurance and property taxes are higher. Net, we believe our COL would be about a wash vs So CA.
- There are some very nice towns (we liked Delray Beach, Deerfield Beach, and Stuart) as well as some fabulous 55+ communities being constructed. They seem to be selling very briskly.
- Buying an upgraded SFR of around 2K-2.5K sq ft with a pool will cost upwards of $1M. This was true in Viera, Port St. Lucie, and Boynton Beach. They advertise base prices much lower, but that is if you don’t want an upgraded lot, are happy with the basic finishes with no optional structural or cosmetic changes, and you don’t want a pool or spa.
We’ll be exploring the West Coast next from Sarasota/Bradenton to Naples.