Fernandina Beach, Florida is a small coastal town located on Amelia Island off the east coast of Florida. It is known for its laid back atmosphere and stunning beaches. The cost of living in Fernandina Beach is generally lower than elsewhere in the US; for instance, rent for two-bedroom apartments is roughly $1,310 compared to the national average of $1,430. Additionally, grocery costs are also slightly lower with an index of 106 in comparison to the index of 100 across the United States. As a result many local businesses have flourished in Fernandina Beach including well-known restaurants such as Salt 9 and Madryn's Restaurants as well as retailers like The Red Otter Outfitters.
Fernandina Beach has an unemployment rate of 4.0%. The US average is 6.0%.
Fernandina Beach has seen the job market increase by 2.7% over the last year. Future job growth over the next ten years is predicted to be 47.8%, which is higher than the US average of 33.5%.
Tax Rates for Fernandina Beach
- The Sales Tax Rate for Fernandina Beach is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Fernandina Beach is 0.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Fernandina Beach
- The average income of a Fernandina Beach resident is $31,896 a year. The US average is $28,555 a year.
- The Median household income of a Fernandina Beach resident is $80,260 a year. The US average is $69,021 a year.