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The Average Cost of Living in Jacksonville, FL

Jacksonville, Florida has a lot to give its residents. With great cuisine, lovely white-sand beaches, and an entertaining city center, it's a great place to call home. If you’re looking to move to Jacksonville, find out more about what it costs to enjoy the River City in the Sunshine State.
Jacksonville, Florida has a lot to give its residents. With great cuisine, lovely white-sand beaches, and an entertaining city center, it's a great place to call home. If you’re looking to move to Jacksonville, find out more about what it costs to enjoy the River City in the Sunshine State.

Called the River City because of its beautiful downtown skyline of lighted bridges spanning the St. Johns River, Jacksonville, Florida is only a two and a half-hour drive from Orlando but lacks the touristy feeling.

The mild winters and beautiful spring and fall weather prompts people to explore national parks and public beaches. Just a few minutes from downtown, Jacksonville's white-sand beaches give its visitors opportunities to explore water activities, fun restaurants, and nightlife along the shorelines of Jacksonville Beach, Neptune Beach, Atlantic Beach, and Mayport.

Jacksonville Landing which looks over the St. John’s River, has a variety of restaurants and shops. Locals report that the diverse array of restaurants showcasing various styles of cuisine from across the globe make Jacksonville a fun place for going out.

While Jacksonville may feel like a large city, because it is spread out, it can also feel like a series of small towns in pocket areas like Mandarin, Riverside, Callahan, San Marco, Arlington, Southside, Westside, and more.

If you’re considering moving to Jacksonville, you’ll definitely want the insight of an expert local buyer agent on your side so you can find the neighborhood that fits your lifestyle and budget.

Typical Home Prices in Jacksonville, Florida in 2019

According to data from Zillow in July 2019, the median home value in Jacksonville is $176,800. Jacksonville home values have gone up 6.8% over the past 12 months and will rise 3.6% over the next 12 months. The median price of homes currently listed in Jacksonville is $221,490 while the median price of homes that sold is $157,700.

You’ll want to keep in mind that Jacksonville has many smaller territories that represent different price ranges. For example, while the median value on a house at Neptune Beach is running around $428,000, houses inland in San Marco can run from the low $100,000s to over $2 million for coastal properties.

Study the variety of neighborhoods Jacksonville offers and decide which is right for you when gauging house prices. Also, like any big city, Jacksonville does have its crime affected areas scattered about. You’ll want to know where these are when you begin weighing neighborhoods versus house values.

A local buyer agent will be able to advise you not only on the best neighborhoods to look at but also the best time to house shop in Jacksonville for the lowest prices.

How Much Are Jacksonville, Florida Property Taxes?

Property taxes in Jacksonville are calculated using the assessed property value of the home and the mill levy system. The assessed value of a home minus any exemptions that apply is then multiplied by the mill levy. 1 mill levy is equal to one-tenth of one cent so, for $1,000 of assessed property value, one mill would be equal to $1.

Mill levy values depend upon each taxing district which is further comprised of multiple taxing authorities within that district. Currently, the mill levy in the districts of Jacksonville ranges between 17-19 mills depending on the neighborhood.

Florida offers many property tax exemptions designed to reduce their taxes such as a homestead exemption on a primary residence and other property tax discounts based on age, disability, and veteran status. These exemptions pull a certain amount of value off of the assessed value of the property before the mill levy is imposed and lowers property taxes.

In addition, Florida has a cap on assessments called Save Our Homes (SOH). The annual assessed value of your home can only increase by 3% or the percentage of price change in the Consumer Price Index (CPI) for the year prior, whichever is less. For example, the CPI for 2018 was 1.8%. This considerable decreases any annual assessed value increase before exemptions are subtracted and the mill levy is applied.

Average Homeowners Insurance in Jacksonville, Florida

Homeowners insurance premiums are based on a variety of factors including the types of coverage you elect and the age and condition of your house. But where you live carries a lot of weight.

States with extreme weather such as hurricanes and tornadoes have the most expensive insurance policies. This is why Florida has the highest homeowners insurance premiums in the country.

The national average homeowners insurance premium runs about $1,228 for a policy with $200,000 in dwelling coverage, $100,000 in liability coverage and a $1,000 deductible. Florida’s average is $3,575.

When estimating premiums, note that this example doesn’t include personal property or medical payments coverage. It is also based upon the replacement value of a dwelling of $200,000. If you add additional coverages and an increased replacement value, this figure will be higher.

Premiums rates are also affected by your personal history. Once you have located the neighborhood and property you’re interested in, get quotes for a better picture of what your homeowners premium might look like.

Common Home Maintenance and Repair Costs in Jacksonville, Florida

It’s no secret that Florida experiences extreme weather resulting in storm surge and flooding. Its bright sunshine can also wreak havoc on the exterior of houses. Because Florida’s geography leaves it especially vulnerable, Florida homes are some of the most at risk for weather damage in the country.

While there isn’t really a set formula that dictates how much you should set aside for repairs and maintenance to your home, in Florida, you simply must take the weather into consideration.

Hurricane Irma in 2018 caused considerable damage to Jacksonville homes. Winds forced water from the Atlantic Ocean into the St. Johns River which flows through the heart of the city and caused major flooding. The good news is that the average cost of home repair in Jacksonville is generally lower than the rest of the country.

The average cost for roof repair in Jacksonville is $778 which is lower than the national average of $825. The average cost for mold remediation in Florida is $2,039 which is below the national average of $2,230.

While many weather-related repairs may be covered under your homeowners insurance policy, some causes of damage are excluded from coverage. Make sure to go over your homeowners policy and understand what you’re covered for and what you aren’t when you’re budgeting for repairs to your house.

Other Costs of Living in Jacksonville, Florida to Consider

Jacksonville is somewhat spread out and locals report that the bus system doesn’t reach all areas. If you do opt for the bus, a single ticket is $1.50 but you can get a 31-day STAR monthly pass for Jacksonville’s public transportation for $50.00.

Gas prices in Florida average about $2.76 which is below the national average of $2.89. It’s recommended that you have a car in the spread-out state of Florida.

Florida’s average energy costs are $126.44 which is 13% higher than the national average of $111.67.

If you’re a sports fan, a ticket to see the Jacksonville Jaguars is $58 bucks.

To get the best idea of accurate day-to-day costs in Jacksonville, it’s best to do your homework. Reach out to any friends or family living in the area. If you really want boots-on-the-ground information about the costs of living in Jacksonville, your best asset is a local market real estate expert.

Find a Top Jacksonville, Florida Real Estate Agent

If you’re thinking about moving to the Sunshine State, there is a lot to take into consideration. Your best go-to for inside information on the different neighborhoods and their strengths and weaknesses is an experienced, full-service buyer’s agent who has a track record in their local market.

Clever helps buyers connect with the best agents in Jacksonville. Clever Partner Agents are carefully vetted and the most knowledgeable in their local markets. When you use a Clever Partner Agent, you may qualify for a buyer rebate which puts cash back in your pocket which you can put towards your closing costs or down payment. Find a top Clever Partner Agent in Jacksonville today.



Reuven Shechter

Reuven Shechter is the Outreach Coordinator at Clever Real Estate, the free online service that connects you with top real estate agents to help save on commission. He spreads the word about Clever, disseminating studies to journalists and developing relationships with media outlets. Reuven is passionate about investing in real estate and creating lasting success for families. His writing has been featured in Max Real Estate Exposure, Leverage Marketing, and more.

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