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The cost of living in Tallahassee is pretty low compared to the metropolitan cities in South Florida. Rent is a little higher than you might expect. for apartments in Tallahassee because of the large number of college kids, but still far below cities such as Miami or Tampa. The electric company is owned by the city and the rates are higher than most surrounding cities in Florida. Expect to pay a little more than in a small city, but less than a large city.