What Is YOUR Cost Of Living in Jacksonville North Carolina?

Are you thinking about living in Jacksonville, North Carolina, and are curious how much it costs? In this episode of Covering Coastal Carolina, I’m going to give you a breakdown of what it costs to live here in Jacksonville. We’ll look at everything from gas prices to housing costs so you know exactly what to expect.

The Cost of Housing

We work with so many people who move here to Jacksonville, and one of the biggest questions they have is how much it costs to live here. The first bottom-line number we’ll look at is the cost of housing.

To determine housing costs, you first need to ask yourself a few questions. Is it better to buy or to rent? What kind of housing do you need? Are you single, or do you have a family? Do you need a big home, or will a townhouse work for you? While the price of houses varies, here are some general ideas. I’m also happy to send you more detailed information if you have additional questions.

On average, a three-bedroom, single-family home in Jacksonville costs roughly $185,000. A two-bedroom in the same area would run you about $135,000—and most of those are townhomes. There are also some million-dollar, beautiful homes here in the Jacksonville area. It just depends on what you're looking for. 

If you're looking to rent in the area, you can plan on spending about $850 on the low end up to about $1,800 a month on the high end. A good rule of thumb is the closer to the water you get, the more expensive the home. If you'd like to see exactly what's on the market right now, you can click here to check it out. 

Property Taxes

Now that you know about home costs, let's talk about property taxes. They are extremely low here in Jacksonville compared to most places; you can expect to pay less than 1% in property taxes if you live in the county. If you live in one of the cities, tax rates vary. 

For example, if you live in the city of Jacksonville, your tax rate is about 1.35%. While we're talking about property taxes, Jacksonville is very veteran-friendly and offers discounted property taxes to disabled veterans. So if you bought a $200,000 house in the county, you would be looking at about a $1,400 a year tax bill. If you bought a $600,000 house, that would be just over $4,000 a year. 

Income Tax And Gas Prices

Let’s look at some other costs of living here in Jacksonville. The annual state income tax is 5.25%. To give you more of an idea of how veteran-friendly North Carolina is, the state will soon be eliminating tax on military retirement income. The state estimates that more than 100,000 military veterans live in North Carolina. We did mention it was a patriotic place, didn't we? 

If you're wondering about the price of gas is, today it's averaging about $2.95 a gallon. And yes, you will need a car to get around in Jacksonville. This makes for some of the most affordable gas prices in the country. 

People who relocate here ask me all sorts of crazy questions about different types of taxes and other costs. Most of the time, people who choose to live in this area are coming from more expensive places and are shocked to find out just how affordable it really is. My favorite thing is when I give them the tax amounts, and they ask if that's per month or per year. Yes, it's that cheap; that would be for the year.

Affordable Living In Jacksonville, North Carolina

I hope this gave you a good idea of the cost of living here in Jacksonville, North Carolina. If you have any additional questions, please reach out so we can help you move in, move out, move up, or move on. We’re always here to help!

Don’t forget to subscribe to my channel so you never miss an episode of Covering Coastal Carolina, my show all about Carolina living and real estate. Stay tuned to see what I feature next!

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