Cost of Living in Newberry, FL

Population 7,608 · Florida · Data vintage 2023

85
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Newberry sits on the smaller end of the Florida city distribution. That scale shapes the housing market, the labor pool, and the services available to residents in ways the data below makes visible.

Geographically, Newberry sits roughly 15 miles west of Gainesville. Median home values run roughly 14% higher than Gainesville's $235,000.

Cost Overview

Housing 88
Rent 80

Scale: 100 = US national average. Green < 90, Red > 110.

About the Cost of Living in Newberry

The median home value in Newberry is $268,800 — 12% below the national median of $305,000. Median rent runs $1,047/month, 20% lower than the national median of $1,314/month. The median household income of $100,513/year is 35% higher than the US median of $74,580. The local unemployment rate is 4.5%, below the national average of 4.8%. Florida charges no state income tax, a meaningful advantage for take-home pay. Overall, Newberry has a cost of living index of 85 versus the US average of 100, meaning it is 15% less expensive.

🏠 Housing

Median Home Value
$268,800
12% below avg
Zillow Home Value
$329,153
Zillow ZHVI
Median Rent
$1,047/mo
20% below avg
Zillow Rent
$2,088/mo
Zillow ZORI
Price-to-Rent Ratio
21.4x
Favors renting
Property Tax Rate
0.9%
Effective rate

HUD Fair Market Rents by Bedroom

Studio
$1,085
1 BR
$1,181
2 BR
$1,427
3 BR
$1,797
4 BR
$2,099
Owner-occupied 87.6%
Renter-occupied 12.4%

💰 Estimated Monthly Budget

Rent median rent
$1,047
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,661/mo

Estimates based on median data and national averages. Actual costs vary.

🛒 Food & Groceries

National BLS average prices (2023). Local prices may vary.

🥚
Eggs (dozen)
$0.548
🍞
White Bread (lb)
$1.912
🥩
Ground Beef (lb)
$5.61

🚗 Transportation

Avg Commute
32.0 min
19% above avg
Gas Price
$3.145/gal
0% below avg
Work From Home
10.2%

Commute Mode

Drove alone
75.4%
Carpooled
12.7%
Walked
0.7%
Work from home
10.2%

Utilities

Electricity
$0.176/kWh
0% below avg

📋 Taxes

State Income Tax (flat) None
Total Sales Tax 7.0%
State rate 6.0%
Avg local rate 1.1%
Property Tax 0.9%

💼 Income & Employment

Median Household Income
$100,513
35% above avg
Per Capita Income
$35,128
Unemployment Rate
4.5%
7% below avg
Poverty Rate
9.7%
Labor Force Participation
64.8%

🎓 Education

Bachelor's degree+ 18.2%
Graduate degree 16.3%

👥 Demographics

Median Age 34.4
Male median age 32.2
Female median age 37.7

💨 Air Quality

EPA AQS 2023 — county-level monitoring data

Median AQI 40 — Good
74%
Good air days/yr
104
Max AQI recorded
226
PM2.5 days
139
Ozone days

Frequently Asked Questions

What is the cost of living in Newberry, FL?

Newberry has a cost index of 85 (100 = national average). It is 15% below the national average.

What is average rent in Newberry, FL?

The median gross rent in Newberry is $1,047 per month based on 2023 Census data.

What is the average home price in Newberry?

The median home value in Newberry is $268,800 according to Zillow and Census data.

What is the median income in Newberry?

The median household income in Newberry is $100,513 per year (2023 ACS 5-year estimates).

What is the sales tax in Newberry, FL?

The combined state and local sales tax rate in Newberry is 7.0%. Florida has no state income tax.

Is Newberry, FL affordable?

Yes, Newberry is generally considered affordable, with a cost of living index of 85 — about 15% below the US national average of 100.

Newberry at a Glance

Population
7,608
Median Income
$100,513
Home Value
$268,800
Median Rent
$1,047/mo
Unemployment
4.5%
Sales Tax
7.0%
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Explore county-level cost of living data

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