Fernandina Beach, Florida Cost Of Living

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D

Overall 8%

Goods & Services 7%

Housing 41%

Date & Last Updated: This data reflects 2019 and was released from C2ER in January, 2020; this is the most current data available.

The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index	Fernandina Beach	Florida	National
Cost of living	108	99	100
Goods & Services	93	99	100
Groceries	100	105	100
Health care	87	100	100
Housing	141	96	100
Transportation	84	98	100
Utilities	98	102	100

Key findings

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
Fernandina Beach housing 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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Price difference in compared to

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

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

The percentage of monthly income spent on housing related expenses can help predict the affordability of housing in Fernandina Beach, FL, as well as what the overall cost of living might be. 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 payments and not more than 36 percent of income on all expenses and debts. In Fernandina Beach, homeowners have a median income of $67,631. Using that number, a maximum of $1,578 per month should be allocated to housing expenses. 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%

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%
Speedway, IN	12,145	88	-12%
Palmer Town, MA	12,145	109	9%
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