Quick facts: Gainesville, FL

Quick Facts

95.5
Cost of Living
below US average
145,214
Population
36.77
Crime Rate per 1000
above US average
$43,783
Median Income
below US average
$319,900
Median House Price
above US average
$2004.24
Average Rent
above US average
20%
Poverty Rate
above US average
4.5%
Unemployment Rate
above US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $43,783.

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Income Needed to Buy

βœ— Stretch
$100k/year
Based on $319,900 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $100k vs median $43,783
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Income Needed to Rent

⚠ Stretch
$86k/year
Based on $2004.24/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $86k vs median $43,783
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Gainesville, FL

Gainesville, Florida, is a vibrant city known for its rich cultural heritage and as the home of the University of Florida, one of the largest and most prestigious universities in the United States. Nestled in North Central Florida, Gainesville is characterized by its lively atmosphere, diverse population, and abundant green spaces, making it an appealing destination for students, residents, and visitors alike. The city offers a variety of recreational activities, with numerous parks, hiking trails, and lakes, perfect for outdoor enthusiasts. Paynes Prairie Preserve State Park is a notable highlight, where one can explore its unique ecosystems and observe wildlife. Gainesville also hosts a thriving arts scene, featuring local galleries, theaters, and music venues. In addition to its academic influence, the city boasts a range of dining, shopping, and entertainment options. The historic downtown area presents a mix of charming boutiques, cafes, and farmer’s markets, contributing to the community's eclectic vibe. Gainesville's commitment to sustainability and community engagement further enhances its appeal, making it a dynamic place to live, study, or visit.

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