Quick facts: Orlando, FL

Quick Facts

105.0
Cost of Living
above US average
316,081
Population
47.82
Crime Rate per 1000
above US average
$66,292
Median Income
below US average
$269,000
Median House Price
above US average
$1457.47
Average Rent
above US average
12%
Poverty Rate
above US average
3.2%
Unemployment Rate
below US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $66,292.

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Income Needed to Buy

βœ— Stretch
$84k/year
Based on $269,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $84k vs median $66,292
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Income Needed to Rent

βœ“ Affordable
$62k/year
Based on $1457.47/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($66,292) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Orlando, FL

Orlando, Florida, is a vibrant city renowned for its theme parks, entertainment, and tourism. Often referred to as "The Theme Park Capital of the World," it is home to Walt Disney World, Universal Orlando Resort, and SeaWorld Orlando, drawing millions of visitors each year. Beyond the attractions, Orlando features an eclectic arts scene, with numerous theaters, galleries, and music venues. The city enjoys a warm subtropical climate, characterized by hot summers and mild winters, making it an appealing destination year-round. Orlando also boasts a diverse culinary landscape, offering everything from international cuisine to local favorites. In addition to tourism, Orlando has a growing economy driven by technology, finance, and healthcare sectors. The downtown area is bustling with activity, featuring trendy shops, restaurants, and nightlife, alongside green spaces like Lake Eola Park. Orlando is part of Orange County and has a rich history, with a blend of cultures that reflects in festivals and community events. With its combination of fun, culture, and opportunity, Orlando continues to be a dynamic place to live and visit.

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