For many, Jacksonville, FL, is the best place in the world. It has an excellent climate, a beautiful coastline and a diverse population. The nightlife in Jacksonville is also exceptional, with lots to see and do. It also gets a solid B for schools and a B + for being suitable for families.
But what about the cost of living in Jacksonville, FL? How does it compare to the rest of the United States? Is it cheaper, more expensive or almost average? Next, we'll take a look and answer this vital question. According to C2ER (the Council for Community and Economic Research), the cost of living in Jacksonville is estimated to be 89.8% of the national average, making it one of the least expensive cities in the United States. The housing cost of living index estimates that the cost of housing in Jacksonville is 79.9% of the national average. Because the price of goods and services varies from city to city, the cost of living calculation will determine how affordable it is to live in a given area.
A cost-of-living index allows you to directly compare what it costs to live in one area with another, helping you understand how far your money can go in each location. The minimum wage you need to live in Jacksonville is the sum of your daily expenses (food, utilities, transportation, entertainment), your monthly housing-related costs (rent, mortgage, insurance, maintenance), any debt expenses (monthly interest payments and principal payments), as well as your savings and investment objectives. As home prices in Jacksonville rise steadily, specific neighborhoods are emerging as luxury centers. Understanding the expected costs in Jacksonville can help you determine if a given wage is a living wage.
Jacksonville is part of the greater Jacksonville area, which ranks 198 out of 273 cities in the United States in terms of cost of living. With careful planning (and some smart shopping with Landing), almost anyone can afford to live in Jacksonville. Whether you live by the beach, near the city center, or far from the suburbs, you'll need reliable transportation to get around this spacious metropolis. For a below-average cost of living, Jacksonville residents have beautiful beaches, national parks, vibrant art scenes and historic architecture at their fingertips.
For example, if you know typical housing costs in Jacksonville, you can use simple, widely followed rules to determine if you can afford it with your salary. The calculator will give you a breakdown of your monthly expenses on food, utilities, transportation, housing, healthcare, and other miscellaneous items to help you determine your cost of living in Jacksonville. One of the reasons Jacksonville falls overall is because of housing costs, which are surprisingly affordable. With options in every neighborhood of Jacksonville, there's a Landing home for you in the Florida sun.
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