The cost of living has skyrocketed across the United States in recent years, resulting in over 57% of American households experiencing difficulty affording their usual expenses.
In Florida, goods and services were about 2.1% more expensive than the national average in 2022, leading to significant financial strain on households.
While inflation has cooled recently, the Consumer Price Index remains above the Federal Reserve's target, with stress from higher prices impacting 95.7% of Florida adults.
Americans in major cities face a disproportionately higher cost of living, approximately 11.4% higher than in rural areas, affecting their economic stability.
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