Thinking about moving to Jacksonville?
You’ll be in good company. Between 2010 and 2016, more than 58,835 people have moved to Jacksonville, an increase of 7.2%. New residents are attracted to Jacksonville’s fantastic weather, growing economy, wealth of cultural offerings, affordable housing, and, of course, the beach.
Where Are All the New Residents of Jacksonville Moving From?
If you’d like to live near the water, Jacksonville, Florida might be just what you’re looking for: it has 1,100 miles of shoreline, according to the local visitors bureau. It seems plenty of other people…
Living
Jacksonville is home to 880,619 Jacksonvillians. With an area of 747.0 square miles, Jacksonville has a population density of 1,179 persons per square mile, which makes it less dense than many other cities of comparable size.
The Jacksonville, FL Metropolitan Statistical Area boasts a population of 1,478,212 people, of which Jacksonville proper’s population makes up 60%.
Housing
One of Jacksonville’s greatest strengths is its relatively affordable housing market. The median home value in Jacksonville is $153,300, -24% below the US median value, according to Zillow. The median price per square foot in Jacksonville is $98. Over the past 5 years, home values in Jacksonville have increased by 9%.
Renters in Jacksonville will also have an easy time finding affordable housing. The median rent in Jacksonville is $1,157 per month, which is 19% lower than the US median. Over the past year, rental rates in Jacksonville have increased by 0.4%.
Economy
Jacksonville’s economy is growing strong. The Jacksonville metro area’s GDP grew by 18% between 2010 and 2015, from $57 billion in 2010 to $68 billion in 2015, a total increase of $11 billion. The metro area has a per capita GDP of $45,702. According to the US Census Bureau, the median household income in Jacksonville, FL is $51,998, 15% lower than the national median. Jacksonville’s unemployment rate is 4.2%.
