Florida's 10 Fastest-Growing Suburbs and the Salaries Needed To Afford Them
Your current annual income might be enough money to afford a comfortable lifestyle in Florida’s 10 fastest-growing suburbs.
These suburbs are sourced from an existing MoneyLion study on America’s fastest-growing suburbs, which analyzed each location’s total population and median household income and calculated its total cost of living using average expenditure and mortgage costs. We kept all suburbs with a five-year population change of 25% or greater. Florida suburbs like Leesburg and Zephyrhills stood out for boasting median household incomes under $53,000, amounting to reasonable annual earnings in exchange for year-round sunny weather in thriving communities.
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See which 10 suburbs are among the fastest growing in Florida today and how much you need to earn to afford living there. Plus, don’t forget to check out America’s 50 fastest-growing suburbs from coast to coast.
1. Wildwood
Total population (2019): 6,838
Total population (2024): 17,608
5-year population change (%): 157.5%
Median household income: $76,552
Average home value: $296,553
Total cost of living annually: $43,515
2. Groveland
Total population (2019): 13,672
Total population (2024): 22,012
5-year population change (%): 61%
Median household income: $100,226
Average home value: $372,389
Total cost of living annually: $51,334
3. Panama City Beach
Total population (2019): 12,751
Total population (2024): 18,971
5-year population change (%): 48.8%
Median household income: $80,941
Average home value: $424,061
Total cost of living annually: $52,936
4. Haines City
Total population (2019): 24,164
Total population (2024): 34,234
5-year population change (%): 41.7%
Median household income: $65,975
Average home value: $299,727
Total cost of living annually: $45,124
5. Leesburg
Total population (2019): 22,672
Total population (2024): 30,807
5-year population change (%): 35.9%
Median household income: $52,880
Average home value: $282,321
Total cost of living annually: $42,731
6. Clermont
Total population (2019): 35,209
Total population (2024): 46,853
5-year population change (%): 33.1%
Median household income: $82,306
Average home value: $432,235
Total cost of living annually: $55,115
7. Doral
Total population (2019): 59,972
Total population (2024): 79,216
5-year population change (%): 32.1%
Median household income: $94,164
Average home value: $675,244
Total cost of living annually: $73,576
8. West Melbourne
Total population (2019): 22,225
Total population (2024): 28,795
5-year population change (%): 29.6%
Median household income: $92,986
Average home value: $382,725
Total cost of living annually: $49,065
9. Deland
Total population (2019): 32,413
Total population (2024): 41,611
5-year population change (%): 28.4%
Median household income: $71,863
Average home value: $333,686
Total cost of living annually: $46,651
10. Zephyrhills
Total population (2019): 15,573
Total population (2024): 19,668
5-year population change (%): 26.3%
Median household income: $52,108
Average home value: $308,417
Total cost of living annually: $45,418
Methodology: MoneyLion defined suburbs as locations with at least 5,000 total households and not being a named city in the metropolitan area. Using the U.S. Census 2019 and 2024 ACS, the total population, population ages 65 and over, total households and median household income were all sourced. Only the locations with at least a 20% increase in total population from 2019 to 2024 were kept for this study. Cost-of-living indexes were sourced from Sperling's BestPlaces and national average expenditure costs for all households from the Bureau of Labor Statistics Consumer Expenditure Survey. The average home value was sourced from Zillow Home Value Index. Assuming a 10% down payment and using the national average 30-year fixed mortgage rate of 6.38%, as sourced from the Federal Reserve Economic Data on March 27, the average mortgage was calculated for each suburb. Using the average expenditure and mortgage costs, the total cost of living was calculated for each location. The suburbs were sorted to show the largest 5-year increase in total population. All data is up to date as of March 27, 2026.
This article was provided by MoneyLion.com for informational purposes only and should not be construed as financial, legal or tax advice.
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