Definition of "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!

image of a real estate dictionary page

Have a question or comment?

We're here to help.

*** Your email address will remain confidential.
 

 

Popular Real Estate Questions

Popular Real Estate Glossary Terms

Principal highway designed to divert traffic around a major urban area in order to limit congestion and expedite traffic flow. A belt highway is connected to the urban area by main highways ...

The appellant definition references a concept related to legal proceedings. The appellant is the individual who is dissatisfied with the judgment in a lawsuit and asks for a superior court ...

Relationship between individuals or entities out of which exists a mutual interest. An example is a privity of contract among the contracting parties concerning the actions each are to take. ...

An increase in the income tax basis of a property that is a result of a tax-free exchange. As a result of an inheritance, for example, the basis of the inherited property was stepped up to ...

Last installment payment, substantially greater than the previous installment payments. The unpaid balance of a long-term loan is paid off in a lump sum at the end of the loan term. ...

Construction materials from stone, brick, and concrete block. Masonry materials play an important role in providing structural support as well as being used as decorative finish surfaces. ...

Tax-free exchange that allows a seller two years after escrow closes on his former principal personal residence to buy like-kind property and defer taxes. Profits from the sale of a ...

Also known as “cap rate” or “income yield”, Capitalization Rate is a useful way to compute the rate of return on a real estate investment. It is commonly used in the ...

Loan guaranty program included in the Servicemen's Readjustment Act of 1944. Its provisions cover the compensation to lenders for losses they might sustain in providing financing to ...