With 130,790 residents, Gainesville is a city in Alachua County, Florida. For a single adult residing in Gainesville, the annual cost of housing, food, child care, transportation, health care, taxes, and other needs comes to $34,910. This is less than the Florida annual cost of living ($36,375) and the national average ($38,433).
With a 92.2 Cost of Living index, Gainesville, Florida has 7.8% less expensive housing, food, child care, transportation, health care, taxes, and other needs than the US and 10.6% less expensive than Florida overall.
In Florida, the average cost of a Student Accommodation Gainesville is $271,700, which is 25.0% less than the $362,400 average and 19.6% less than the $338,100 national average. A two-bedroom apartment in Gainesville costs $1,170 per month to rent, which is 18.2% less than the $1,430 national average and 33.3 percent less than the $1,560 state average.
A family should earn at least $52,200 annually in Gainesville, Florida, and an individual should make at least $38,800.
The cost of living figures are based on the US average of 100. Gainesville is less expensive than the US average if the number is less than 100. If the cost of living index in Gainesville, Florida is greater than 100, it is regarded as more expensive.
How much home costs in Gainsville, Florida
Student Apartment Gainesville is one of the key variables influencing the cost of living. Gainesville’s median house value is $154,400, which is less than the $204,900 national average. A house constructed in 1939 or before is usually worth $251,300, while a house constructed in 2014 or later is usually worth $215,800.
Occasionally, renting a property is less expensive than purchasing one. In Gainesville, about 60.60 percent of occupied homes are rented, which is greater than the 36.2% nationwide renter rate. Gainesville renters spend an average of $930 per month for housing, which is higher than the $1,023 national median rent.
Along with Student Housing Gainesville value, one of the primary determinants of housing affordability is area income. The average cost of a home in the US is 3.4 times greater than the median household income of $60,293; however there are significant regional differences in housing affordability ratios, ranging from roughly 1.0 in the most affordable areas to more than 10.0 in the most expensive. In Gainesville, the median household income is $36,389, which is 4.2 times the median home value.
Transportation expenses in Gainesville, Florida
The cost of living might also be significantly impacted by transportation. 77.80% of commuters in Gainesville drive to work, compared to 85.5% of commuters nationwide. Compared to the 43.7% of commuters nationwide that commute from diverse locales to their places of employment, an estimated 23.10% of workers commute from outside of Gainesville.
In Gainesville, the typical commute takes 18.6 minutes, compared to 26.6 minutes overall. The EPI calculates that a person in Gainesville spends approximately $9,335 a year on transportation, which is comparable to the $9,760 national average when petrol costs, the cost of public transportation, and auto maintenance are taken into account.
Food costs in Gainesville, Florida
Another regular item that significantly affects living expenses as a whole is food. The price of food varies from town to town and from city to city, according to data from the US Department of Agriculture.
In Gainesville, the average annual food expenses for a single adult are $3,721; for a family of four. The average annual food expenses are $10,746. In Florida and the US, for example, the average annual food expenses for single persons are $3,411 and $3,240, respectively. While for families with four members, the average annual food expenses are $9,850 and $9,354. These figures are based on a diet that is sufficient in nutrients and mostly comprises of grocery-store-purchased home-cooked meals.