Cost of living in Live Oak research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Live Oak is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Florida, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Live Oak is 83, with 100 being the average.
The cost of living index in Live Oak is 0.8x lower than the national average.
Live Oak ranks as the #11 cheapest in Florida out of 459.
Live Oak ranks as the #491 cheapest out of 6,412 in the US.
The median home value in Live Oak is $104,400.
The median income in Live Oak is $45,417.
According to the most recent data on the cost of living, Live Oak has an overall cost of living index of 83, which is 0.8x lower than the national index of 100.
Compared to Florida, Live Oak has a cost of living index that's 0.8x lower than Florida's index of 101.
The standard of living in Live Oak ranks as #11 most affordable out of the 459 places we measured in Florida. By definition, that implies Live Oak ranks as the #448 most expensive place in the Sunshine State.
For more reading on life in Live Oak, check out:
Six factors go into calculating the cost of living index in Live Oak. Here is how it fairs on each of the criteria:
The Services index in Live Oak is 94.
The Groceries index in Live Oak is 97.
The Health index in Live Oak is 101.
The Housing index in Live Oak is 50.
The Transportation index in Live Oak is 100.
The Utilities index in Live Oak is 97.
Living Expense | Live Oak | Florida | National Average | |
---|---|---|---|---|
Overall | 83 | 101 | 100 | |
Services | 94 | 98 | 100 | |
Groceries | 97 | 101 | 100 | |
Health | 101 | 96 | 100 | |
Housing | 50 | 108 | 100 | |
Transportation | 100 | 98 | 100 | |
Utilities | 97 | 100 | 100 |
Housing swings affordability the most between places in Florida, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Live Oak is $104,400.
The Median Rent in Live Oak is $773.
The Median Income in Live Oak is $45,417.
The Home Value To Income in Live Oak is 2.3x.
The Rent To Monthly Income in Live Oak is 0.2x.
Statistic | Live Oak | Florida | United States |
---|---|---|---|
Median Home Value | $104,400 | $248,700 | $244,900 |
Median Rent | $773 | $1,301 | $1,163 |
Median Income | $45,417 | $61,777 | $69,021 |
Home Value To Income | 2.3x | 4.0x | 3.5x |
Rent To Monthly Income | 0.2x | 0.25x | 0.2x |
The cost of living varies in the cities and towns around Live Oak. Here's a quick look at the cost of living in the most populous nearby places:
Valdosta, GA has a cost of living index of 90, 1.1x Live Oak.
City | Population | Cost Of Living | Vs. Live Oak |
---|---|---|---|
Valdosta, GA | 55,417 | 90 | 1.1x |