Neptune 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.
IndexNeptune BeachFloridaNational
Cost of living index11699100
IndexNeptune BeachFloridaNational
Goods & Services index9999100
Groceries index98102100
Health care index8697100
Housing index15595100
Transportation index100100100
Utilities index110103100
Displayed above is a general overview of the Neptune Beach, FL cost of living index. The overall cost of living index in Neptune Beach, FL is 116, which is 18% higher than the Florida average and 16% higher than the national average. The cost of living index is created from the following categories: goods/services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). As you can see, goods/services and housing make up the majority of the overall cost of living index. Everyday goods and services can be a good indicator of the general cost of goods in a given city. In this case, the goods and services in Neptune Beach, FL are equal to the Florida average and 1% lower than the national average.

Did you know?

  • The cost of living in Neptune Beach is 18% higher than the Florida average.
  • The cost of living in Neptune Beach is 16% higher than the national average.
  • The cost of housing in Neptune Beach is 55% 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 Neptune Beach, FL Cost of living To Other Cities

Salary Calculator

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Use the salary calculator to compare your current salary in Neptune 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 Neptune Beach, FL, then you would need to earn more income in order to maintain the same standard of living. To use the Neptune 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$83,233$6,936$1,942$2,497
Renters$44,808$3,734$1,045$1,344
The affordability of the housing market in Neptune Beach, FL as well as the overall cost of living can be indicated accurately by what percent of the monthly income is spent on housing related costs. This is konwn as the debt-to-income ratio (DTI). The overall rule of thumb is that no more than 28% of your gross income should ever be used on the overall costs related to housing and no more than 36% of gross income on all expenses and debts. Among Neptune Beach, FL homeowners, the median income is $83,233. This indicates that a monthly maximum of $1,942 should be spent by homeowners on all housing related costs. Renters have a median income of $44,808. This indicates that renters should have a maximum of $1,045 used for their rent related monthly costs.

Florida Sales Tax

StateGeneral Sales TaxWith Max Surtax
Florida6%7.5%

Florida Income Tax

StateIncome Tax (Low)Income Tax (High)
Florida0%0%
For those who live in Neptune Beach, FL and want to know what the true cost of living is, they ought to look at both the Florida income tax rate and the Florida sales tax rate. By sales tax, we mean the taxes that are included whenever a person is purchasing any goods or services. The amount that is taxed depends upon the particular state, where some states have a sales tax of zero percent while others can have a tax higher than seven percent. In Florida, the sales tax is 6%, while the most you'll pay in surtax is 7.5%. There is also income tax to consider, which is based upon the amount of money made in a year. Just like sales tax, income tax depends upon the particular state but also depends upon what tax bracket the person is in. Income tax for the state can be higher than nine percent in some states to zero percent in others. For those that live in Florida, the income tax rate ranges between 0% to 0%.

Goods & Services

ItemNeptune BeachNational avg.Difference
Haircut $11.87$15.5623.8%
Beauty Salon $56.33$36.1156.0%
Toothpaste $2.44$2.471.4%
Shampoo $1.07$0.9610.9%
Movie $10.55$10.134.2%
Bowling $4.49$4.745.3%

Groceries

ItemNeptune BeachNational avg.Difference
Ground Beef $4.11$3.983.2%
Fried Chicken $1.69$1.4119.9%
Milk $2.30$2.0611.4%
Potatoes $3.17$2.986.2%
Pizza $9.89$9.474.4%
Beer $9.25$8.795.2%

Health Care

ItemNeptune BeachNational avg.Difference
Optometrist $78.60$101.0422.2%
Doctor $64.87$107.4439.6%
Dentist $87.93$90.422.7%
Ibuprofen $9.15$9.281.4%
Lipitor $397.47$426.506.8%

Housing

ItemNeptune BeachNational avg.Difference
Home Price $297,800.00$175,700.0069.5%
Avg. Mortgage Payment $835.78$1,133.2326.2%
Apartment Rent $1,117.00$920.0021.4%

Transportation

ItemNeptune BeachNational avg.Difference
Gasoline $1.98$1.990.7%
Tire Balancing $46.98$45.762.7%

Utilities

ItemNeptune BeachNational avg.Difference
All Electricity$159.56$163.812.6%
Phone $36.55$28.3928.8%
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.
Jacksonville Beach, FL21,82211212%
Atlantic Beach, FL12,84012020%
Fruit Cove, FL30,77012020%
Palm Valley, FL20,88812626%
Sawgrass, FL5,08913232%
Neptune Beach, FL6,73311616%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Eastwood, MI6,73477-23%
Torrington, WY6,73290-10%
King, NC6,73294-6%
University of California Davis, CA6,73511111%
Mims, FL6,73587-13%
Neptune Beach, FL6,73311616%
Source: The Neptune Beach, FL cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.