Jacksonville, FL

Estimated Annual Costs

Jacksonville offers a below-average cost of living, giving residents more purchasing power compared to many US cities. With a cost index of 92 (where 100 equals the national median), Jacksonville residents can expect to pay median rent of $1,375/month while earning a median household income of $66,981/year.

The median home value in Jacksonville, FL is $266,100, with typical monthly owner costs around $1,324 including mortgage, insurance, and taxes. The median rent-to-income ratio of 24.6% means housing is relatively affordable here — well below the 30% threshold that HUD considers cost-burdened.

Florida has no state income tax, which can represent significant savings compared to high-tax states. Combined with a 6.0% sales tax rate and 0.86% effective property tax rate, the overall tax environment helps keep costs manageable in Jacksonville.