Located in the state of Florida, Orlando is a big city with a population of 263,306 people. More than a quarter of the residents of Orlando identify themselves as Hispanic or Latino, and 24% of the population speak Spanish as their primary or secondary language. With an average age of 33 years old, Orlando could be a great place to live for young adults as this age is well below the national average.
Are you trying to figure out if living in Orlando is the right fit for your lifestyle? To ensure a fulfilling experience before moving to any new city in Florida, you will probably want to make sure that you check all of the most important boxes. To help you find the best places to live in and around Orlando, AreaVibes has created a livability score using key metrics like crime, cost of living, education, housing and more.
With a livability score of 72/100, Orlando is ranked #8,494 in the United States and #505 in Florida. If we explore each of the categories on their own, we see that Orlando ranks well for amenities (A+) and weather (A). There is at least one category that you should be aware of in Orlando. The following was graded with a less than perfect score: crime (F) and employment (D-).
Conveniently located amenities and interesting attractions are a great way to continuously enjoy Orlando on a regular basis. Knowing that there are an abundance of amenities and things to do can ensure that you always have access to nearby grocery stores, restaurants and coffee shops. Some of the notable things to do include: Walt Disney World, The Wizarding World of Harry Potter - Only at Universal's Islands of Adventure, and Magic Kingdom.
Unemployment rates can range pretty dramatically from one city to another. Knowing that Orlando has an unemployment rate of 0.74% probably means that there are ample job opportunities for you to consider as it is far below the national average.
There are many factors that go into deciding if an area is the right fit for your lifestyle. Certain “must haves” like low crime, great schools and nearby amenities are all at the top of most people's lists. But before even considering if those options are available, most people will need to know if the real estate in Orlando is actually affordable. The median home price for Orlando homes is $172,100, which is 3.2% higher than the Florida average. If we take a closer look at the affordability of homes in Orlando, we’ll see that the home price to income ratio is 3.9, which is 14.7% higher than the Florida average. Year over year appreciation rates for homes in the Orlando area were 10.1% and the 5 year appreciation rates came in at 11.7%. Why is this important? Knowing the appreciation rates for any area is a quick and easy way to determine if you will see a solid return on your investment.