A detailed side-by-side comparison of the cost of living, housing prices, income levels, and overall affordability between New York, NY and Orlando, FL.
NY
Population: 8,258,035
FL
Population: 320,742
National average = 100. Higher values indicate a more expensive area.
| Metric | New York, NY | Orlando, FL | Difference |
|---|---|---|---|
| Cost of Living Index | 150 | 102 | +47.1% |
| Median Home Price | $680,000 | $350,000 | +94.3% |
| Property Tax Rate | 0.88% | 0.86% | +2.3% |
| Median Household Income | $74,694 | $55,210 | +35.3% |
| Population | 8,258,035 | 320,742 | +2474.7% |
Orlando, FL is 47.1% cheaper to live in than New York, NY, based on the overall cost of living index.
Home Price Difference
$330,000
Orlando, FL is cheaper by 94.3%
Income Difference
$19,484
New York, NY earns more by 35.3%
Price-to-income ratio: median home price divided by median household income. A lower ratio indicates more affordable housing.
New York, NY
9.1x
$680,000 / $74,694
Orlando, FL
6.3x
$350,000 / $55,210
Overall, Orlando, FL is the more affordable city to live in. With a cost of living index of 102 compared to 150, a median home price of $350,000, and a price-to-income ratio of 6.3x, Orlando, FL offers better value for residents looking to stretch their dollar further. However, the median household income in New York, NY ($74,694) is higher, which may offset some of the cost differences.