Cost of Living in Baldwin, FL

With a cost of living index of 64, Baldwin, FL is one of the most affordable cities in the country. Living here is 36% cheaper than the national average and 46% below the Florida state average of 110. Baldwin is a small community of 1,297 residents.

Housing costs are the biggest factor in Baldwin's cost of living. The median monthly rent is $514 (61% below the US median of $1,319), and the median home value sits at $167,200 (45% below the national median of $304,900). At current prices, the median home costs roughly 3x the median household income — well within traditional affordability guidelines.

The median household income in Baldwin is $55,862, which is 26% lower than the national median of $75,149. Residents spend roughly 11% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum. Lower incomes here are balanced by the significantly lower cost of living, stretching each dollar further.

Everyday prices in the Jacksonville, FL (Metropolitan Statistical Area) metro area are generally below the national average. Out of 6 common items tracked by the Bureau of Labor Statistics, 6 are priced lower than the US average. These real-world prices — from groceries to electricity — add up and should be factored into any cost of living comparison.

Data sources: US Census Bureau (ACS 2023), Zillow Home Values, HUD Fair Market Rents, BEA Regional Price Parities, BLS Average Prices, and NOAA Climate Normals. Updated monthly.