Is St. Augustine Expensive?
With the economy as it is today, cost of living is of more importance than ever when it comes to choosing a place to live. Cost of living determines how much time you’ll spend working, what house you’ll be able to afford, what kind of car you drive, and many other aspects of daily life. Simply put, you’re wondering if it’s a good place to live.
If you’re here, chances are you’re thinking of moving to St. Augustine, and you’re wondering what the cost of living is here. There are a lot of reasons you might want to move to this historic city, but if you can’t afford the cost of living, you might want to consider someplace cheaper, right? Well, we’ve got good news: it might not be as bad as you’d think!
Cost of living in St. Augustine Florida
Now, with such a high rate of tourism and such an attractive location due to how well known the city is, you might expect St. Augustine to be home to a higher than average cost of living; but this couldn’t be further from the truth! With the exception of housing, the cost of living in St. Augustine is actually lower than average in most areas.
Food, fuel, healthcare and utilities are all well below average in cost, saving you tons in monthly costs. And even though housing is slightly above average in price, the rapidly appreciating property values in St. Augustine Florida provides home buyers with the assurance that their home will be worth more when their mortgage is paid off.
How expensive is a house in St. Augustine, you ask? Well, the median home price is $289,000, as compared to the state average of $252,000 and the national average of $226,000. While this may seem a bit steep, compared to most other attractive cities in the state this is relatively low.
If you’re interested in moving to this charming city, the best way to make that happen is by getting in touch with one of the real estate agents in St. Augustine FL. These highly qualified, experienced real estate professionals will have you in a home that suits your needs in no time, at the best price possible. Enjoy St. Augustine!
Popular Real Estate Questions
Popular Real Estate Glossary Terms
(1) Mildly convex arch built into a load bearing beam, girder, or truss to counteract any load bearing stress placed on it. (2) Slight slope designed into a structure such as a drive4way or ...
The logical definition of both words is almost enough to understand what is earnest money. Money is a form of exchange between people to assert value to something and Earnest equals ...
Taken out on property to replace or repair it if it malfunctions. It covers parts and/or service. An example is a warranty a homeowner takes out on a stove, refrigerator, or dishwasher. It ...
Transfer of real estate from one taxpayer to another that are exempt from federal income taxes. An example is an exchange of property in which ownership of transferred real estate is still ...
The direction in which a community is growing. Directional growth is measured over time, and its path strongly influences current and future market values of those properties clearly in ...
A rectangular area bordered on all sides by buildings. Often, a quadrangle is grassy with decorative landscaping. A quadrangle can be found in a central business district or on the site ...
Easement with the objective of keeping scenic beauty or to forbid constructing something else blocking that view. The property is retained in its natural setting. ...
Also called negative leverage. The interest rate on the obligation exceeds the return rate on the real estate investment. As a result losses are magnified. ...
A fully amortized mortgage necessitating periodic payments of both interest and principal. In the early years of the loan, the share of principal is smaller and the interest larger, a ...
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