Is It Expensive To Live In Jacksonville Florida?
With an excellent job market, an attractively low median housing cost, and an exceptionally low cost of housing, there is no doubt that the city of Jacksonville is a great place to live. While there are certain downsides to living in Jacksonville, such as Jacksonville’s higher than average crime rates, it’s easy to see that this is a great place for the ambitious to test their mettle and explore their full potential.
Despite this, there are of course practical concerns to be taken into consideration before you take the next step and make the move to the city of Jacksonville. Among others, one such concern is the cost of living. Ascertaining this before moving is a crucial step in the process of relocating, and may make the difference between monetary success and failure. So, without further ado, let’s take a look at the cost of living in Jacksonville FL.
Cost of Living in Jacksonville
Fortunately, Jacksonville is home to an exceptionally low cost of living, large population notwithstanding. Housing is priced below average, as are most other basic necessities in Jacksonville. Everything from fuel to food can be found for excellent prices here; rest assured, a trip to the grocery store won’t lighten your pocketbook like it will in other cities half this size.
One thing that may give your finances a run for their money, however, is the cost of utilities. While not priced notably higher than average per unit, when summertime arrives you’re sure to see a marked increase in your utility bill. Florida’s summers are hot; the best way to escape this heat is to crank up the A/C, and you are sure to notice this on your monthly electric bill.
With the exception of utilities, it is abundantly clear that Jacksonville has an attractively low cost of living. Want to take advantage of this? Then you’ll want to contact one of the top real estate agents in Jacksonville FL, and start perusing available listings! Before you know it, you might just be calling the city of Jacksonville home!
Popular Real Estate Questions
Popular Real Estate Glossary Terms
(1) Temporary and symbolic payment showing good faith and obligating two or more individuals until a final transaction takes place. The binder is typically returned if the final agreement ...
A cooperating broker or agent defines a real estate broker who helps another broker in a private property transaction. Typically, the cooperating broker represents the seller and is ...
A legally transferable debt instrument by which the issuer agrees to pay the payee within a certain time period. Note usually pay a specified rate of interest tied to the market rate of ...
(1) Type of loan where the final payment is substantially greater than the previous payments; also termed partially amortized loan. A debt agreement might stipulate a balloon payment when ...
Earthquake insurance is the type of insurance policy that specifically covers damages to your real estate caused by seismic activities. It can refer both to the rare coverage against ...
Latin: now for then. Descriptive of actions which are performed after a deadline has elapsed, but retroactively have the same effect as if they were carried out in a timely manner. For ...
(1) Methods that involve discounting the future cash flows generated by an income property. These techniques are used primarily for valuation. (2) Methods of selecting and ranking ...
Approach to appraise rental property based on anticipated future earnings to be derived from it plus the estimated selling price at the end of he period held. ...
Landowner's legal right to the water found on his property. For example, there might be a stream of water adjacent to the land. The water might be used for irrigation or other purposes. ...
Have a question or comment?
We're here to help.