Quick facts: Satsuma, FL

Quick Facts

107.5
Cost of Living
above US average
1,883
Population
53.11
Crime Rate per 1000
above US average
$55,000
Median Income
below US average
$44,000
Median House Price
above US average
$2200.0
Average Rent
above US average
12%
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 $55,000.

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Income Needed to Buy

βœ“ Affordable
$14k/year
Based on $44,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
πŸ“Š Median income ($55,000) exceeds requirement
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Income Needed to Rent

⚠ Stretch
$94k/year
Based on $2200.0/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $94k vs median $55,000
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Satsuma, FL

Satsuma is a small, charming community located in Putnam County, Florida, nestled along the beautiful St. Johns River. With a population of approximately 6,000 residents, Satsuma offers a peaceful, rural atmosphere ideal for families and retirees seeking a slower pace of life. The town is primarily residential, known for its picturesque landscapes and access to nature. Outdoor enthusiasts can enjoy activities such as fishing, boating, and hiking, with several local parks and the scenic river providing ample opportunities for recreation. Satsuma also features a close-knit community vibe, with local events and gatherings that foster neighborly connections. Education is served by the Putnam County School District, with access to nearby amenities and larger towns. While Satsuma maintains its small-town feel, it’s conveniently located just a short drive from larger cities like Palatka and Jacksonville, providing residents with access to more extensive shopping, dining, and entertainment options. Overall, Satsuma is an inviting destination for those looking to enjoy Florida's natural beauty and a relaxed lifestyle.

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