90k salary in Florida is considered a great living. But if you really sit down and do the math, then you will know that it isn’t that much at all. Still, when people hear 90k they are sure it’s enough to have a good start in life.
It’s hard to say what a “good” salary is, because it depends on your location. In Florida, 90k is a pretty good salary. It would be enough to provide you with a comfortable life and give you some leeway in the event of an emergency or large purchase. If you’re looking at the cost of living in Florida and comparing it to other states, it ranks pretty high; however, this isn’t always true when you’re comparing it to other cities within Florida itself. There are some areas where 90k will not provide the same quality of living as it does in others. For example, if you live in Jacksonville then that amount might be enough for a nice apartment but if you live somewhere like Miami Beach then it won’t get you much more than just a place to sleep at night!
Is 90k a good salary in florida
90K is a decent salary but if you are living in Florida, you can live your life pretty comfortably. If you are not married and paying rent for an apartment, then your living cost will be less than that of a family man who has to pay rent and send his kids to school.
The average annual salary in Florida is $55,000 according to the Bureau of Economic and Business Research of the University of Florida.
The average annual salary in Florida is $55,000 according to the Bureau of Economic and Business Research of the University of Florida. This number may surprise you, but it’s not far off from what you might expect to make in a competitive field like computer programming. The Bureau also estimates that households earn an average of $56,000 per year—meaning that your salary would be enough for two people (or three or four or five…)
The US Census Bureau reports that the state’s income levels are slightly lower than those of nearby states like Texas and Georgia, which have median household incomes of $55k and $54k respectively. However, they’re still higher than many other southern states including Louisiana ($45k), Alabama ($42k) and South Carolina ($40k).
‘Florida has a very low cost of living,’ says William B. Stronge, Ph.D., professor emeritus of economics at Florida Atlantic University. ‘The cost of housing is less than in many other states, including California and New York.’
When it comes to housing, Florida has some of the lowest costs in the country. According to the National Association of Realtors, the median home price in Florida is $249,000—compared with $316,000 nationally.
Additionally, Stronge says that groceries are comparably priced to other states (except for California and New York), as are utilities such as gas and electricity.
So, if you earn $90,000 a year, your monthly take-home pay would be around $5,500 (before taxes).
Let’s say you’re a single person, and your annual income is $90,000. That’s around $5,500 per month before taxes.
For example, the average rent in Florida is about $1,300 per month; the average monthly grocery bill is around $500; the average car payment is about $400; and the average insurance bill is about $200.
If you earn $90K a year, it’s not a bad salary in Florida
If you earn $90,000 a year and are living in Florida, here’s what your money can buy:
- A decent home. You can afford to purchase a 1-bedroom house in most parts of the state with this salary.
- A good car. You’ll have enough money left over after paying for housing to afford an average car payment and insurance payment each month. The average cost of leasing or financing a new vehicle is between $300 and $350 per month, according to Edmunds data from 2018.
- Entertainment expenses like dining out and shopping will be affordable on your budget if you’re careful about how much you spend on entertainment compared with other areas of your budget—and remember that an expensive dinner won’t be worth it if it means having trouble paying rent next month!