Live Oak, FL, offers a more affordable living experience compared to the nationwide average. The cost of living index in Live Oak stands at 88, which is 12% lower than the average of 100. This reduction is primarily due to lower housing costs, which are 20% below the national average. Job seekers will find that essential expenses such as groceries, utilities, transportation, and miscellaneous items are also slightly below the national average, making Live Oak an attractive option for those seeking a more budget-friendly lifestyle.
The cost of living in Live Oak, Florida, presents a favorable comparison to the nationwide average, which is set at 100. Housing costs in Live Oak stand at 80, indicating that residents can expect to pay 20% less than the average American. This reduction in housing expenses can be a significant advantage for those relocating to the area, offering more affordability without compromising on quality of life.
Additionally, the cost of groceries in Live Oak is slightly below the national average, with an index of 95. This means that grocery prices are 5% lower than the average, providing some relief on monthly food expenses. Utilities, another key component of living costs, are at 90 in Live Oak, which is 10% less than the nationwide average. Transportation costs also reflect a modest decrease, with an index of 85, meaning residents can save 15% on transportation compared to the national average. Healthcare costs remain consistent with the national average at 100, ensuring that medical expenses do not differ significantly. Miscellaneous costs, which include items like clothing and entertainment, are at 88, offering an 12% savings. Overall, Live Oak offers a more affordable living experience in several key areas.
