Fernandina Beach, FL Cost Of Living

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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.
Index	Fernandina Beach	Florida	National
Cost of living index	108	99	100
Index	Fernandina Beach	Florida	National
Goods & Services index	93	99	100
Groceries index	100	105	100
Health care index	87	100	100
Housing index	141	96	100
Transportation index	84	98	100
Utilities index	98	102	100

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 108. This index is 9% higher than the Florida average, and 8% 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 6% lower than it is in Florida, and it is 7% lower than the national average.

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Did you know?

The cost of living in Fernandina Beach is 9% higher than the Florida average.
The cost of living in Fernandina Beach is 8% higher than the national average.
The cost of housing in Fernandina Beach is 41% 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

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Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index

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 Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$67,631	$5,636	$1,578	$2,029
Renters	$36,164	$3,014	$844	$1,085

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 $67,631. Using that number, you will come up with a maximum of $1,578 per month that can be spent on the cost of housing. For those who are renting instead of owning, the median income is $36,164, which means there is a maximum of $844 to be spent on the costs of renting a home or apartment.

Florida Sales Tax

State	General Sales Tax	With Max Surtax
Florida	6%	7.5%

Florida Income Tax

State	Income Tax (Low)	Income Tax (High)
Florida	0%	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

Item	Fernandina Beach	National avg.	Difference
Haircut	$14.20	$17.49	18.8%
Beauty Salon	$52.00	$38.17	36.2%
Toothpaste	$2.46	$2.32	6.0%
Shampoo	$0.94	$1.01	7.1%
Movie	$11.17	$10.72	4.2%
Bowling	$13.60	$13.86	1.9%

Groceries

Item	Fernandina Beach	National avg.	Difference
Ground Beef	$4.03	$3.90	3.3%
Fried Chicken	$1.28	$1.40	8.3%
Milk	$2.02	$1.96	2.9%
Potatoes	$4.06	$3.18	27.6%
Pizza	$8.99	$10.39	13.5%
Beer	$9.24	$9.23	0.1%

Health Care

Item	Fernandina Beach	National avg.	Difference
Optometrist	$63.80	$106.34	40.0%
Doctor	$82.50	$115.25	28.4%
Dentist	$97.20	$98.38	1.2%
Ibuprofen	$8.79	$9.26	5.1%
Lipitor	$433.34	$466.47	7.1%

Housing

Item	Fernandina Beach	National avg.	Difference
Home Price	$275,100.00	$184,700.00	48.9%
Avg. Mortgage Payment	$961.96	$1,273.32	24.5%
Apartment Rent	$1,160.00	$949.00	22.2%

Transportation

Item	Fernandina Beach	National avg.	Difference
Gasoline	$2.50	$2.59	3.7%
Tire Balancing	$32.33	$48.90	33.9%

Utilities

Item	Fernandina Beach	National avg.	Difference
All Electricity	$158.65	$167.60	5.3%
Phone	$184.29	$163.42	12.8%

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, State	Population	Cost of Living Index	National Avg.
Kingsland, GA	16,411	90	-10%
Yulee, FL	12,217	93	-7%
St. Marys, GA	17,853	94	-6%
Kings Bay Base, GA	1,948	101	1%
Fernandina Beach, FL	12,156	108	8%

Cities with similar population

City, State	Population	Cost of Living Index	National Avg.
Blue Ash, OH	12,154	107	7%
The Pinery, CO	12,160	136	36%
Palmer Town, MA	12,145	109	9%
Speedway, IN	12,145	88	-12%
Neosho, MO	12,144	82	-18%
Fernandina Beach, FL	12,156	108	8%

Source: The Fernandina Beach, FL cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2019.

Fernandina Beach, FL Cost of Living