D+
23%
Overall NAT. AVG.
5%
Goods & Services NAT. AVG.
88%
Housing NAT. AVG.
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Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.
The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index Fruit Cove Florida National
Cost of living12398100
Goods & Services9598100
Groceries9999100
Health care8696100
Housing18896100
Transportation8799100
Utilities10197100

An Overview of Cost of Living in Fruit Cove, FL

Knowing the cost of living in Fruit Cove allows individuals to create a realistic budget. This helps them understand how their income will cover expenses and whether they need to make financial adjustments. The cost of living in any region can fluctuate due to various factors. To assess the cost of living consistently across different areas, a national average of 100 serves as the basis for the cost of living index. The cost of living in Fruit Cove stands at 123, marking it 23% higher than the national average.

If you value affordability in your search for a new place to live, Fruit Cove may not be the most suitable option, as it stands out as one of the priciest areas in the entire United States. Only a small fraction of regions have a cost of living that is more than 20% higher than the national average, and regrettably, Fruit Cove falls into this category, which may not align with your desire for an affordable place to call home.

When it comes to the cost of living in Fruit Cove, housing costs are a real heavyweight, often hogging a significant chunk of your earnings. Sadly, in this area, housing expenses for both buying and renting were 87.7% more expensive compared to your average city. That means you'll be shelling out more for homes, rents, mortgage rates and insurance.

Is Fruit Cove Affordable?

Is Fruit Cove an affordable place to live? It's a good question and one that you might want to ask when considering any new city, as affordability can play a huge role in the decision making process. The cost of living index (which we covered above), as well as housing costs and income levels play a vital role in determining the affordability of an area. The median home price in Fruit Cove is 85.7% higher than the national average, while the average monthly rent prices are 92.4% higher than average. The affordability of any location can also be influenced by median income levels. Fruit Cove has a median household income of $108,948, which is 96.9% higher than the national average.

What Factors can Influence the Cost of Living in Fruit Cove?

Transportation: In situations where public transportation is limited or nonexistent, local residents may be required to own and maintain their own vehicles, contributing to an elevated cost of living. Monthly expenditures may encompass fuel costs, insurance premiums, routine vehicle upkeep and possibly lease or financing payments. In Fruit Cove, the transportation index is 12.7% lower than the national average.

Subsidies: Certain cities or states may institute government subsidies or assistance programs designed to alleviate the financial burdens associated with the cost of living for their residents. These programs encompass a variety of support mechanisms, including Medicare, Medicaid, housing subsidies, low-income home energy assistance programs, school lunch programs, supplemental nutrition assistance programs, student loans, electric vehicle tax credits, affordable care act subsidies and farm subsidies. Areas that provide fewer subsidies may see an uptick in their overall cost of living.

Healthcare: Healthcare expenditures and insurance premium rates can vary significantly, contingent upon the particular city or state. Factors such as the accessibility of healthcare facilities, out-of-pocket expenses for doctor's appointments, dental care charges, prescription medication costs, and expenses related to specialized medical care can all have an impact on the overall cost of living. In Fruit Cove, healthcare costs are 14.5% lower than the national average.

Where is the Data From?

The Fruit Cove cost of living data displayed above is derived from the C2ER cost of living index to provide a useful and reasonably accurate measure of living cost differences in urban areas. The index takes into account data from 300 independent researches, covering more than 60 goods and services across 6 different categories, to create an overall index for each area, with 100 being the average. The C2ER index does not include sales or income tax rates in their data, however AreaVibes does include both income and sales tax rates in the overall cost of living score for each area.

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Cost Of Living Quick Facts

  • The cost of living in Fruit Cove is 26% higher than the Florida average
  • The cost of living in Fruit Cove is 23% higher than the national average
  • Fruit Cove housing is 88% higher than the national average
  • Florida general sales tax is 18% higher than the national average
  • Florida state income tax is 100% lower than the national average

Most Affordable Places to Live in and Around Fruit Cove

See all the best places to live around Fruit Cove

Compare Fruit Cove, FL Cost of Living

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      Salary Calculator

      This is how much you would need to earn in
      Price difference in compared to
      Cost of living index
      Goods & Services index
      Groceries index
      Health care index
      Housing index
      Transportation index
      Utilities index

      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$118,960$9,913$2,776$3,569
      Renters$70,192$5,849$1,638$2,106
      The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Fruit Cove, FL, as well as the overall cost of living. As a general rule of thumb, the debt-to-income ratio (DTI) for homeowners or renters should be not more than 28 percent of gross income to be spent on housing related costs and not more than 36 percent of income on all expenses, including debts. The median income for Fruit Cove homeowners, is $118,960. This would allow for a maximum of $2,776 per month to be spent on housing costs. For renters, the median monthly income is $70,192 which would result in a maximum of $1,638 to be spent on rental costs.

      Florida Sales Tax

      State General Sales Tax With Max Surtax
      Florida 6% 7.5%

      Florida Income Tax

      State Income Tax (Low) Income Tax (High)
      Florida 0% 0%

      Goods & Services

      Item Fruit Cove National avg. Difference
      Haircut $20.91$24.2613.8%
      Beauty Salon $70.33$45.5654.4%
      Toothpaste $3.69$3.700.3%
      Shampoo $1.43$1.2811.7%
      Movie $12.86$12.136.0%
      Bowling $20.93$18.0016.3%

      Groceries

      Item Fruit Cove National avg. Difference
      Ground Beef $5.34$5.848.6%
      Fried Chicken $1.47$1.576.3%
      Milk $4.57$4.672.3%
      Potatoes $5.44$4.9310.3%
      Pizza $10.39$12.0914.0%
      Beer $11.31$10.418.6%

      Health Care

      Item Fruit Cove National avg. Difference
      Optometrist $86.60$125.6831.1%
      Doctor $100.93$135.7825.7%
      Dentist $102.03$113.299.9%
      Ibuprofen $10.61$10.650.4%
      Lipitor $447.41$468.604.5%

      Housing

      Item Fruit Cove National avg. Difference
      Home Price $343,000.00$184,700.0085.7%
      Avg. Mortgage Payment $1,803.79$2,346.6923.1%
      Apartment Rent $1,826.00$949.0092.4%

      Transportation

      Item Fruit Cove National avg. Difference
      Gasoline $3.44$3.460.5%
      Tire Balancing $34.43$59.9242.5%

      Utilities

      Item Fruit Cove National avg. Difference
      All Electricity $193.67$193.990.2%
      Phone $194.82$192.251.3%
      Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

      Nearby cities with low cost of living

      City Population Cost of Living Index National Avg.
      Bellair-Meadowbrook Terrace, FL15,168937.3%
      Middleburg, FL12,544946.4%
      Green Cove Springs, FL8,283964.5%
      Lakeside, FL31,058963.7%
      Orange Park, FL8,764991.3%
      Fruit Cove, FL33,03812322.6%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Douglasville, GA33,0351000.1%
      Houma, LA33,053937.5%
      Foster City, CA33,056274174.5%
      Andover, MN33,01911818.1%
      Fair Lawn, NJ32,98614241.7%
      Fruit Cove, FL33,03812322.6%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.