F
33%
Overall NAT. AVG.
5%
Goods & Services NAT. AVG.
121%
Housing NAT. AVG.
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Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; 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 Nocatee Florida National
Cost of living13398100
Goods & Services9598100
Groceries9999100
Health care8696100
Housing22196100
Transportation8799100
Utilities10197100

An Overview of Cost of Living in Nocatee, FL

Are you thinking about relocating, but curious about the potential cost of living in Nocatee? Is it more expensive or more affordable than average? Based on the most recent report, the cost of living in Nocatee stands at 133, making it 33% higher than the national average. The cost of living directly affects the affordability of one's desired lifestyle. Knowing the cost of housing, transportation, groceries and other essentials in the new area allows people to gauge whether they can maintain their preferred standard of living.

If you prioritize affordability when seeking a new place to live, Nocatee may not be your ideal choice, as it ranks among the most expensive locations in the entire United States. A very small amount of areas exhibit a cost of living at least 20% higher than the national average, and unfortunately, Nocatee falls into this category, which may not align with your preferences for a budget-friendly living environment.

When it comes to the cost of living in Nocatee, housing costs are a real heavyweight, often hogging a significant chunk of your earnings. Sadly, in this area, housing expenses for both buying and renting were 121.4% more expensive compared to your average city. That means you'll be shelling out more for homes, rents, mortgage rates and insurance.

Is Nocatee Affordable?

Is Nocatee an affordable place to live? It's a good question and one that you might want to ask when considering any new city, as affordability can play a huge role in the decision making process. The cost of living index (which we covered above), as well as housing costs and income levels play a vital role in determining the affordability of an area. The median home price in Nocatee is 127.1% higher than the national average, while the average monthly rent prices are 108% higher than average. The affordability of any location can also be influenced by median income levels. Nocatee has a median household income of $124,821, which is 125.6% higher than the national average.

What Factors can Influence the Cost of Living in Nocatee?

Groceries: Grocery costs have continued to increase significantly over the last 2-3 years. In some markets the cost of food has gone up by more than 20% in that period. While other markets have managed to see only a moderate uptick. These food costs can have a major impact on the cost of living in any area. In Nocatee, the groceries index is 1.5% lower than the national average.

Healthcare: Healthcare costs and insurance premiums can fluctuate greatly based on the city or state. Access to healthcare facilities, out-of-pocket expenses for doctor\’s visits, dentist costs, medication costs and specialized care costs can all impact the cost of living. In Nocatee, the healthcare costs are 14.5% lower than the national average.

Transportation: In cities with limited or no public transportation, residents may find it necessary to own and maintain vehicles, thereby elevating the cost of living. Monthly expenditures include fuel, insurance, routine maintenance and potential lease or financing commitments. In Nocatee, the transportation index stands at 12.7% lower than the national average.

Where is the Data From?

The cost of living data in Nocatee displayed above is sourced from the C2ER cost of living index, which serves as a practical tool for comparing living expenses across urban areas. Published on a quarterly basis, this index aggregates data from over 300 independent researchers, encompassing more than 60 goods and services, in 6 different categories. The weightings assigned to cost differences rely on government survey data that tracks the spending habits of professional and executive households. It's worth noting that the C2ER index excludes data on sales or income tax rates, while AreaVibes integrates tax rates into the overall cost of living evaluation for each region.

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Cost Of Living Quick Facts

  • The cost of living in Nocatee is 36% higher than the Florida average
  • The cost of living in Nocatee is 33% higher than the national average
  • Nocatee housing is 121% 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

Most Affordable Places to Live in and Around Nocatee

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Compare Nocatee, FL Cost of Living

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      Salary Calculator

      This is how much you would need to earn in
      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$127,805$10,650$2,982$3,835
      Renters$93,370$7,781$2,178$2,801
      The affordability of the housing market in Nocatee, FL as well as the overall cost of living can be predicted 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 be spent on the overall costs related to housing and no more than 36% of gross income on all expenses and debts. Among Nocatee homeowners, the median income is $127,805. This indicates that a monthly maximum of $2,982 should be spent by homeowners on all housing related costs. Renters have a median income of $93,370. This indicates that renters would have a maximum of $2,178 for their rent related monthly costs.

      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 Nocatee National avg. Difference
      Haircut $20.91$24.2613.8%
      Beauty Salon $70.33$45.5654.4%
      Toothpaste $3.69$3.700.3%
      Shampoo $1.43$1.2811.7%
      Movie $12.86$12.136.0%
      Bowling $20.93$18.0016.3%

      Groceries

      Item Nocatee National avg. Difference
      Ground Beef $5.34$5.848.6%
      Fried Chicken $1.47$1.576.3%
      Milk $4.57$4.672.3%
      Potatoes $5.44$4.9310.3%
      Pizza $10.39$12.0914.0%
      Beer $11.31$10.418.6%

      Health Care

      Item Nocatee National avg. Difference
      Optometrist $86.60$125.6831.1%
      Doctor $100.93$135.7825.7%
      Dentist $102.03$113.299.9%
      Ibuprofen $10.61$10.650.4%
      Lipitor $447.41$468.604.5%

      Housing

      Item Nocatee National avg. Difference
      Home Price $419,400.00$184,700.00127.1%
      Avg. Mortgage Payment $1,803.79$2,346.6923.1%
      Apartment Rent $1,974.00$949.00108.0%

      Transportation

      Item Nocatee National avg. Difference
      Gasoline $3.44$3.460.5%
      Tire Balancing $34.43$59.9242.5%

      Utilities

      Item Nocatee National avg. Difference
      All Electricity $193.67$193.990.2%
      Phone $194.82$192.251.3%
      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 Population Cost of Living Index National Avg.
      St. Augustine, FL15,06511010.4%
      World Golf Village, FL18,93711615.7%
      Villano Beach, FL2,82911616.0%
      Fruit Cove, FL33,03812322.6%
      Jacksonville Beach, FL23,56212424.1%
      Nocatee, FL16,91413332.7%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Clemson, SC16,9171088.0%
      Boerne, TX16,90911414.3%
      Stafford, TX16,9041022.3%
      Oconomowoc, WI16,93111111.2%
      Moraga, CA16,896239139.1%
      Nocatee, FL16,91413332.7%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.