Cost of Living in Florida

According to 2021 data from the Bureau of Economic Analysis, the annual average cost of living in Florida is $50,689.

• • • Housing and Utilities: $9,656
    • Health Care: $7,676
    • Food and Beverage (non-restaurant): $3,886
    • Gas and Energy: $909
    • All Other Personal Expenses: $28,562

Average Base Salaries in Florida

The average salary in Florida is $55,980. Below are average salaries for medical professionals based on data from Indeed in 2024.

• • • Physicians: $172,751
    • Dentists: $226,252
    • Veterinarians: $123,362
    • Nurses: $92,553
    • Anesthesiologists: $304,984
    • Surgeons: $227,258
    • Cardiologists: $305,769
    • Psychiatrists: $254,078
    • Pediatricians: $189,127
    • Oncologists: $247,760
    • Gastroenterologists: $246,894
    • OB/GYN Physicians: $239,372
    • Emergency Medicine Physicians: $170,916
    • Dermatologists: $202,013

Disability Prevalence & Impact in Florida

• • • Overall Rate: Approximately 13.5% of Florida’s population, or about 2.88 million individuals, reported having a disability.

    • Disability Types:

      • Ambulatory: 7.6%
      • Cognitive: 5.2%
      • Hearing: 3.9%
      • Independent Living: 5.8%
      • Vision: 2.5%
      • Self-Care: 2.8%
    • Employment Rate: In 2021, the employment rate for working-age individuals (ages 18 to 64) with disabilities in Florida was 34.4%, compared to 74.6% for those without disabilities.
    • Income Disparity: The median annual earnings for Floridians with disabilities working full-time/full-year was $40,000, compared to $45,000 for those without disabilities.
    • Poverty Rate: Approximately 22.9% of working-age individuals with disabilities in Florida live below the poverty line, compared to 12.2% of those without disabilities.

The Best Disability Insurance Companies for Florida Physicians

It’s crucial to choose a policy that is non-cancelable and guaranteed renewable. This means that as long as you pay your premiums, the insurance company cannot cancel your policy or change your premium rates.

Stability and predictability are key in long-term financial planning. A non-cancelable and guaranteed renewable policy gives you peace of mind, knowing that your coverage terms and costs will remain consistent over time. That is why we partner with the below insurance companies who offer the best coverage options for physicians. 

• • • Guardian
    • Ameritas
    • The Standard
    • Principal
    • MassMutual