FAQs
Market Challenges
Despite the opportunities, there are challenges in the St. Petersburg, FL rental market. Increased demand has led to a tighter rental market, making it harder for some renters to find suitable options within their budgets.
Why is Saint Petersburg so cheap? ›
The city's beautiful beaches, excellent weather, and cultural attractions draw millions of visitors each year, providing a steady stream of revenue for local businesses and helping to keep the cost of living low for residents. Seasonal residents, or “snowbirds,” also contribute to the affordability of St. Petersburg.
What is unique about St Petersburg Florida? ›
Pete is home to world-famous museums and independent galleries, a thriving performing arts scene, film festivals, live music, a vibrant literary arts community, a close-knit community of working artists and crafts-people, and a whole lot of public art and outdoor installations.
Is St Petersburg Florida affordable? ›
Petersburg is one of the cheaper metro areas to live in Florida with a cost of living only 2.8 percent above the nation's average. By comparison, Miami's cost of living is 18.9 percent higher than the national average.
What salary do you need to live in St. Petersburg FL? ›
Typical Expenses
| 1 ADULT | 2 ADULTS (BOTH WORKING) |
---|
| 0 Children | 3 Children |
---|
Required annual income after taxes | $41,022 | $109,812 |
Annual taxes | $6,193 | $10,643 |
Required annual income before taxes | $47,215 | $120,455 |
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What is the rental vacancy rate in St. Petersburg Florida? ›
Population trends
As previously noted, the population of 33707 is 24,734 and the median age is 56.3. Among 33707 residents, there is a homeowner vacancy rate of 3.3% and a rental vacancy rate of 8.9% from a total of 15,785 units.
Is St. Petersburg a good place to live in Florida? ›
St. Petersburg is a great place to live because of year-round sunshine, easy access to beaches, plenty of arts and culture, various housing options, lots of outdoor activities, and home to top-ranked healthcare facilities.
What is the crime rate in St. Petersburg? ›
St. Petersburg Annual Crimes
| Violent | Total |
---|
Number of Crimes | 1,626 | 8,519 |
Crime Rate (per 1,000 residents) | 6.22 | 32.61 |
Is it expensive to live in St. Petersburg, FL? ›
Petersburg is ranked 99 out of 273 cities across the US in terms of cost of living. The cost of living in St. Petersburg is 98.6% of the national average.
What is the nickname for St. Petersburg Florida? ›
It's not called The Sunshine City for nothing. St. Petersburg holds the world record in Guinness for the most consecutive days of sunshine (a whopping 768!)
As a city on Florida's Gulf Coast, seafood is a must in Sunshine City. Make sure to visit 400 Beach Seafood and Tap House and The Maritana Grille (at The Don CeSar) for exquisite seafood dishes like fresh oysters, coconut shrimp, tuna tartare and crispy calamari.
Which is better to live Tampa or St. Petersburg? ›
While they have a lot in common, Tampa is a bigger, more diverse city with more job opportunities. Given its proximity to St. Petersburg, living in the Tampa region might be your best bet - so that you live where you work and take a quick drive to nearby beaches and art museums around St. Pete.
What is the cheapest city in Florida to live in? ›
Lakeland
The cost of living in Lakeland is 8.4% lower compared to the national average. It is the cheapest place in Florida to live and well-connected. Lakeland's affordable food, health, housing, and transportation facilities make the city one of the cheapest places to live in the US.
What is the average electric bill in St. Petersburg Florida? ›
We give you access to transparent information so you can confidently make informed energy decisions. Learn more about how our Marketplace works and how we make money. On average, Saint Petersburg, FL residents spend about $323 per month on electricity. That adds up to $3,876 per year.
Why is rent getting so high in Florida? ›
Why is rent so high in Florida 2021? Each year, the number of northerners moving to Florida increases which causes the demand for housing to increase. Supply and demand determine prices. High demand equals high prices.
Why is St. Pete more expensive than Tampa? ›
"Simple supply and demand is the main undercurrent for why homes in say St Petersburg are generally speaking 10%-20% more expensive than the same home in Tampa."
Is rent going down in Pinellas County? ›
Welcome to the Apartment List July 2024 Rent Report for Pinellas Park, FL. Currently, the overall median rent in the city stands at $1,406, after falling 1.5% last month. Prices are now down 7.3% year-over-year.
Where is Florida is the rent the highest? ›
It's expensive to rent in Cape Coral. You could say, it's very expensive. According to a new study it is more expensive in the state of Florida to rent in Cape Coral than it is to rent in Tampa and Miami.