Everyone wants to know what it costs to live in Florida. You are not alone. In this video, we'll do our best to give you a little insight into some of the costs of living in Lakewood Ranch.
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Guide to Relocating to Lakewood Ranch: https://shorturl.at/douI6
Guide to Retiring in Lakewood Ranch: https://shorturl.at/uBT35
Guide to Buying a Home: https://shorturl.at/cegzG
Guide to Selling a Home: https://shorturl.at/glmGW

Real Estate Stats: https://www.myrasm.com/statistics/

UTILITIES: Peace River Electric
https://www.preco.coop/wpcontent/upl...

On average, Bradenton, FL residents spend about $219 per month on electricity. That adds up to $2,628 per year.
That’s 8% higher than the national average electric bill of $2,426. The average electric rates in Bradenton, FL cost 14 ¢/kilowatthour (kWh), so that means that the average electricity customer in Bradenton, FL is using 1,567 kWh of electricity per month, and 18,804 kWh over the course of the year.
https://www.energysage.com/localdata...

TAXES:
https://www.manateepao.gov/generalin...


The median property tax in Manatee County, Florida is $1,973 per year for a home worth the median value of $214,000. Manatee County collects, on average, 0.92% of a property's assessed fair market value as property tax.
Manatee County has one of the highest median property taxes in the United States and is ranked 465th of the 3143 counties in order of median property taxes.
The average yearly property tax paid by Manatee County residents amounts to about 3.63% of their yearly income. Manatee County is ranked 340th of the 3143 counties for property taxes as a percentage of median income.


The median property tax in Sarasota County, Florida is $2,095 per year for a home worth the median value of $235,100. Sarasota County collects, on average, 0.89% of a property's assessed fair market value as property tax.
Sarasota County has one of the highest median property taxes in the United States, and is ranked 404th of the 3143 counties in order of median property taxes.

The average yearly property tax paid by Sarasota County residents amounts to about 3.77% of their yearly income. Sarasota County is ranked 291st of the 3143 counties for property taxes as a percentage of median income.


INSURANCE:
HOMEOWNERS
The average cost of homeowners insurance in Florida is $2,385 a year, or about $199 a month, according to a NerdWallet rate analysis. And that number is on the rise. Florida home insurance rates have shot up in recent years due to frequent natural disasters and litigation expenses that insurers pass on to consumers. Mar 1, 2024


FLOOD AND OR HURRICAN INSURANCE AS OPTIONS
Toprated home insurance companies in Florida 2024 USA TODAY
State Farm.
Tower Hill.
Chubb.
Universal Property.
Citizens.

https://www.usatoday.com/money/bluepr...






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Adam Miller, PLLC
9412339722
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www.the941lifestylegroup.com
Real Broker, LLC