Fernandina Beach cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
IndexFernandina BeachFloridaNational
Cost of living index115100100
IndexFernandina BeachFloridaNational
Goods & Services index104101100
Groceries index102105100
Health care index9097100
Housing index14295100
Transportation index104105100
Utilities index106102100
An overview of the general cost of living index for Fernandina Beach, FL is displayed above for your reference. Residents in Fernandina Beach, FL enjoy a cost of living index of 115. This index is 15% higher than the Florida average, and 15% higher than the national average. The following categories are used when determining the cost of living index for any given city: health care (5%), transportation (9%), utilities (10%), groceries (13%), housing (30%), and goods/services (33%). Clearly, housing and goods/services make up the majority of the formula for calculating the cost of living index. Because of this, the general cost of living for any given area can be estimated by looking at the cost of everyday goods in that area. For those living in Fernandina Beach, FL, the average cost of goods and services is 3% higher than it is in Florida, and it is 4% higher than the national average.

Did you know?

  • The cost of living in Fernandina Beach is 15% higher than the Florida average.
  • The cost of living in Fernandina Beach is 15% higher than the national average.
  • The cost of housing in Fernandina Beach is 42% higher than the national average.
  • Florida general sales tax is 18% higher than the national average.
  • Florida state income tax is 100% lower than the national average.

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Compare Fernandina Beach, FL Cost of living To Other Cities

Salary Calculator

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Use the salary calculator to compare your current salary in Fernandina Beach, FL to any other city. The salary calculator will tell you how much you would need to earn in any given city to maintain the same standard of living based on the cost of living in each city. For example, if the cost of living in the city you are looking to relocate to is higher than the cost of living in Fernandina Beach, FL, then you would need to earn more income in order to maintain the same standard of living. To use the Fernandina Beach, FL salary calculator, simply enter in the name of the new city, then adjust the slider to your current income. The salary calculator will do the rest and let you know if you need to earn more or less in the new city. You will also see a complete breakdown of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$65,928$5,494$1,538$1,978
Renters$36,612$3,051$854$1,098
How much of your monthly income goes to housing can tell you whether or not you can afford housing in Fernandina Beach, FL, as well as what the average cost of living is. Generally, a good rule to follow is that the debt-to-income (DTI) level you want to maintain is 28 percent or less of your income on your rent or mortgage payment and not more than 36 percent of income on all expenses and debts. In Fernandina Beach, FL homeowners have a median income of $65,928. Using that number, you will come up with a maximum of $1,538 per month that can be spent on the cost of housing. For those who are renting instead of owning, the median income is $36,612, which means there is a maximum of $854 to be spent on the costs of renting a home or apartment.

Florida Sales Tax

StateGeneral Sales TaxWith Max Surtax
Florida6%7.5%

Florida Income Tax

StateIncome Tax (Low)Income Tax (High)
Florida0%0%
The Florida sales tax and Florida income tax rates should definitely be considered when determining the overall cost of living in Fernandina Beach, FL. Sales taxes are taxes that are imposed onto goods and services sold. Sales taxes do vary by state and can range from no tax at all to upwards of 7%. The Florida sales tax is 6% and the maximum surtax is 7.5%. Income tax is the tax imposed on income by the government. The income tax rates will vary by state and will also increase or decrease depending on the corresponding tax bracket. State income tax rates can range from anywhere from no tax at all to more than 9%. The Florida income tax rates range from 0% to 0%.

Goods & Services

ItemFernandina BeachNational avg.Difference
Haircut $13.80$14.595.4%
Beauty Salon $55.40$34.6859.7%
Toothpaste $2.94$2.4718.9%
Shampoo $0.95$1.027.0%
Movie $10.86$9.8710.1%
Bowling $4.89$4.3911.3%

Groceries

ItemFernandina BeachNational avg.Difference
Ground Beef $4.60$4.482.8%
Fried Chicken $1.58$1.467.9%
Milk $2.66$2.3612.9%
Potatoes $3.99$3.0630.3%
Pizza $8.49$9.248.1%
Beer $8.81$8.632.1%

Health Care

ItemFernandina BeachNational avg.Difference
Optometrist $80.80$99.7819.0%
Doctor $73.00$105.0330.5%
Dentist $88.60$88.700.1%
Ibuprofen $9.15$9.412.8%
Lipitor $289.99$298.502.9%

Housing

ItemFernandina BeachNational avg.Difference
Home Price $262,800.00$175,700.0049.6%
Avg. Mortgage Payment $878.25$1,081.0318.8%
Apartment Rent $1,133.00$920.0023.2%

Transportation

ItemFernandina BeachNational avg.Difference
Gasoline $2.13$2.091.6%
Tire Balancing $50.33$45.2911.1%

Utilities

ItemFernandina BeachNational avg.Difference
All Electricity$169.75$170.800.6%
Phone $32.76$28.2615.9%
Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City, StatePopulationCost of Living IndexNational Avg.
Kingsland, GA16,14799-1%
Yulee, FL11,6091011%
St. Marys, GA17,5551011%
Kings Bay Base, GA1,9051066%
Fernandina Beach, FL11,85111515%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Kemp Mill, MD11,85013232%
Wells Branch, TX11,85295-5%
Florida City, FL11,85396-4%
Portland, TN11,85388-12%
Beachwood, OH11,85512121%
Fernandina Beach, FL11,85111515%
Source: The Fernandina Beach, FL cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.