Explained: Cost of Living in Jacksonville, Florida in 2024

Truly, Florida has its stunning sights and scenes. But when you think about grabbing fresh seafood for lunch or capping your day at an affordable downtown scene in Florida, Jacksonville ranks top.

But, before you begin to wonder if this ‘affordability’ is not according to the metrics of the Zuckerberg and Gates of the world, no, it’s not.

The cost of living in Jacksonville, FL is 6% lower than the national average, making it not just the largest by land area in the U.S., but also among the most affordable hotspots in the country. 

But there’s more to what it costs to live in the Bold New City of the South. Let’s break down what you can expect to spend while living the good life in Jacksonville.

Your Jacksonville Abode: Housing Costs

Whether you’re looking to rent a chic downtown loft or buy a suburban bungalow, Jacksonville’s housing market offers some respite from the costs typical of uptown areas. 

As of 2024, the housing costs in Jacksonville are a welcoming 6% lower than the national average, effectively shutting the door on the question, ‘Is it expensive to live in Jacksonville, Florida?’

Even newcomers can find a place to lay their heads after settling with the local movers from Jacksonville. Plus, with about 43% of the residents here renting, it attests to the relative affordability of single-home houses.

• Average Rent: $1,499
• Median Home Value: $259,700
• Mortgage Rate: 6.35%

Note:

Jacksonville’s real estate market has remained relatively stable, making it an attractive option for both buyers and renters.

Read more: Floridas rent increase laws

Utilities

Now, let’s flip the switch on utility costs. The average cost for utilities in Jacksonville are 5% higher than what most people pay across the country. 

For a standard apartment, you can expect to pay between $350 to $400 monthly for electricity, heating, cooling, water, phone bills, and internet. 

Given Jacksonville’s warm climate, you’ll likely use more electricity in the summer to keep cool. But the lack of harsh winters balances this out, keeping your overall costs fairly consistent year-round.

• Energy: $185.48 per month
• Phone Bills: $199.54 per month 

Food for Thought: Groceries and Dining Out

If you’re a foodie, you’ll be happy to know that Jacksonville offers a wide range of dining options without the hefty price tag. 

On average, a mid-range restaurant meal for two costs about $69, while a quick bite at an inexpensive eatery might set you back $10.

Compared to the national average, this is a steal. So, if you’re still weighing the cost and asking, ‘How much does it cost to live in Jacksonville, Florida?’ you might find it comforting to know that groceries cost 2% less than the national average. 

However, if you want to score some fresh produce at an even more affordable price, the city’s farmer’s markets are a great place to look.

Healthcare Costs

Your health is a major consideration; and in Jacksonville, the cost makes it easily accessible and relatively affordable. 

In addition to the high-quality healthcare facilities in Jacksonville, healthcare costs are 17% lower than the national average.

The average cost of a primary care visit is around $103.08, which is slightly below the national average. But rather than pay out-of-pocket all the time, you can subscribe to any of the numerous health insurance premiums available. 

If you’re buying your own plan, expect to pay about $450 monthly for individual coverage.

Note:

Jacksonville is home to several top-rated hospitals and healthcare facilities, which will ensure that you and your family will be well taken care of, whether for routine check-ups or more specialized care.

Education

For family folks, Jacksonville, Florida cost of living won’t be the only attractive aspect drawing you into the city — it’s family-friendliness and highly recognized schools would be an allure.

Depending on the school type and amenities available, tuition averages around $10,000 to $15,000 per year. However, the total education expenditure of the Duval School District, which oversees education in Jacksonville, averages $10,529, which is less than the state’s total education expenditure of $11,628. 

A few of the top schools to have on your wish list for your kids can include:

• River City Science Elementary Academy
• Darnell Cookman Middle/High School
• Stanton College Preparatory
• Paxton School/Advanced Studies
• Episcopal School of Jacksonville

Note:

The public schools are well-funded and offer plenty of extracurricular activities. Plus, Jacksonville has several highly regarded private schools. 

Hitting the Road: Transportation Costs

You can always bank on getting around Jacksonville without draining your wallet. 

Gas prices in Jacksonville average about $2.83 per gallon, slightly below the national average. This and the general cost of the city’s public transportation system, bring the average cost of transportation in Jacksonville to 17% less.

The Jacksonville Transportation Authority (JTA), the city’s public transport system, offers a cost-effective alternative, with a monthly pass costing about $55. 

Average Commute Time: 26 minutes.

Note:

If you prefer to drive, there are also car insurance options in Jacksonville, averaging around $1,650 annually.

Read more: The 7 best West Palm Beach neighborhoods

The Daily Grind: Income and Job Opportunities

Jacksonville’s job market is booming, with a diverse economy that includes healthcare, retail, finance, logistics, and technology sectors. 

As of 2024, the median household income in Jacksonville records a lesser figure than the national average but is sufficient for basic living expenses.

The city’s unemployment rate has remained low — even below the national average of 4.1%. It means your chances of finding that dream job are high — or at least one that helps you afford the cost of living in Jacksonville, FL.

• Population: 949,611
• Median Household Income: $64,138
• Unemployment Rate: 3.6%
• Poverty Rate: 14.8%

The Tax Talk: What You Will Owe

Taxes are not anyone’s favorite topic, but Jacksonville offers some relief in that department. 

Florida has no state income tax and that’s why still it is a moving trend. Yes, you read that right. This means that more of your paycheck stays in your pocket, significantly reducing your Jacksonville cost of living.

However, property taxes will take a pinch from your wallets, not so much though, just the right amount for a fair extra debit. 

Sales tax in Jacksonville, on the other hand, are pretty near standard. While you will pay a bit at the checkout line, you’ll still come ahead when considering the overall tax situation.

• Property Tax Rates: $11.32 per $1,000 of taxable property value
• Sales Tax Rate: 7.5%

Summary — Cost of Living in Jacksonville, FL

Choosing to make Jacksonville your new home means getting an all-around breather when it comes to expenses. From housing, taxes, groceries, transportation, and even healthcare, you get quality at a relatively low cost.

While you may have to set aside some money for your utility bills, it’s a small price to pay for the coveted all-year-round Florida sunshine. 

So, if you’re still debating whether the cost of living in Jacksonville, FL, is worth giving a relocation shot, know that the city is worth considering. 

Remember: Jacksonville offers a great balance of affordability and lifestyle which any resident here would probably not trade for any other city.

Read more: Renovating for aging in Florida

Written by Billy Guteng. August 18, 2024

Billy is a content writer for Kukun. He was born in France, and has lived in multiple cities around the world ever since. He loves art, design and architecture as well as construction and real estate.