![]() ![]() Skyrocketing inflation in the state - largely fueled by increasing housing costs - and wages that simply cannot keep pace have made the Sunshine State one of the most unaffordable places to live in the United States. However, a decent quality of life is increasingly out of reach for many Floridians. Introduction: Florida's High Cost of Living Coupled With Stagnant Wages is Making it Difficult for Families to Thriveīy some economic measures, Florida is booming: the unemployment rate is low at 2.6 percent, and the state’s gross domestic product (GDP), the value of all the goods and services produced, has increased by 3.5 percent since the fourth quarter of 2022. ![]() After accounting for $511 million in vetoes, the General Appropriations Act (GAA) totals $116.5 billion, a 5.9 percent increase over the FY 2022-23 budget of $110 billion. Ron DeSantis signed the fiscal year (FY) 2023-24 budget into law on June 16, 2023. ![]()
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