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
The profit or loss from selling an investment that is held one year or less. Short-term gains are ordinary income, while short-term losses are deducted from current income. Short-term gains ...
Adobe construction is one of the oldest types of construction that has been used in the Americas, ancient Egypt, and the Middle East to build long-lasting structures that can be seen even ...
Negative characteristics about real property which do not meet the needs of the usual occupant. Examples are inadequate lighting in the rooms and a one-car garage when a two-car garage is ...
Contractual agreement between a commercial or industrial rental property owner and an individual or firm who agrees to maintain the property. Management agreements specify the nature of ...
Geographic location by itself with designated boundaries. An example is a district. ...
Fee a borrower is assessed for the right to make a loan payment before the due date. An example is the prepayment charge for paying-off a mortgage early. ...
Construction method where reinforced concrete is used with concrete block and mortar to form an extremely strong building. Reinforced concrete construction is often used in conjunction ...
Rule of thumb approach used to determine how long it takes to double an investment in real estate. Under this approach, dividing the number 72 by the fixed rate of return equals the ...
There’s a lot of confusion regarding the hazard insurance definition. Many people think it’s a synonym for homeowners insurance but they’re wrong. Hazard insurance is ...
Have a question or comment?
We're here to help.