Cypress Lake, FL Cost Of Living

Demographics | Cost Of Living
Updated: 2023-11-15

Cost Of Living In Cypress Lake, FL Summary

Cost of living in Cypress Lake research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Cypress Lake is expensive. An index value below 100 means the city is a relatively cheap place to live.

On a city-by-city basis in Florida, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:

  • The cost of living index in Cypress Lake is 97, with 100 being the average.

  • The cost of living index in Cypress Lake is 1.0x lower than the national average.

  • Cypress Lake ranks as the #203 cheapest in Florida out of 459.

  • Cypress Lake ranks as the #2,747 cheapest out of 6,412 in the US.

  • The median home value in Cypress Lake is $185,100.

  • The median income in Cypress Lake is $55,601.

Table Of Contents

  1. Summary
  2. National Comparison
  3. Housing Breakdown
  4. Detailed Pricing
  5. Nearby Comparisons
97
Cypress Lake's Overall Cost Of Living
1.0x
Lower Than The National Average

What is the cost of living in Cypress Lake, FL?

According to the most recent data on the cost of living, Cypress Lake has an overall cost of living index of 97, which is 1.0x lower than the national index of 100.

Compared to Florida, Cypress Lake has a cost of living index that's 1.0x lower than Florida's index of 101.

The standard of living in Cypress Lake ranks as #203 most affordable out of the 459 places we measured in Florida. By definition, that implies Cypress Lake ranks as the #256 most expensive place in the Sunshine State.

For more reading on life in Cypress Lake, check out:

203 out of 459
In Florida
2,747 out of 6,412
In America

Cypress Lake Cost Of Living Vs. Florida

Six factors go into calculating the cost of living index in Cypress Lake. Here is how it fairs on each of the criteria:

  • The Services index in Cypress Lake is 108.

  • The Groceries index in Cypress Lake is 101.

  • The Health index in Cypress Lake is 108.

  • The Housing index in Cypress Lake is 80.

  • The Transportation index in Cypress Lake is 114.

  • The Utilities index in Cypress Lake is 97.

Living Expense Cypress Lake Florida National Average
Overall 97 101 100
Services 108 98 100
Groceries 101 101 100
Health 108 96 100
Housing 80 108 100
Transportation 114 98 100
Utilities 97 100 100
For more reading on cost of living around Florida, check out:
Cypress Lake Cost of Living Vs. FL

Cypress Lake, FL Housing Cost Breakdown

Housing swings affordability the most between places in Florida, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:

  • The Median Home Value in Cypress Lake is $185,100.

  • The Median Rent in Cypress Lake is $1,411.

  • The Median Income in Cypress Lake is $55,601.

  • The Home Value To Income in Cypress Lake is 3.3x.

  • The Rent To Monthly Income in Cypress Lake is 0.3x.

Statistic Cypress Lake Florida United States
Median Home Value $185,100 $248,700 $244,900
Median Rent $1,411 $1,301 $1,163
Median Income $55,601 $61,777 $69,021
Home Value To Income 3.3x 4.0x 3.5x
Rent To Monthly Income 0.3x 0.25x 0.2x
Search Homes For Sale In Cypress Lake, FL
$185,100
Median Home Value
$1,411
Median Rent
$55,601
Median Income

Cypress Lake, FL Costs By Category

Detailed Cypress Lake Services Costs Vs. Florida

Item Cypress Lake Florida
Shampoo $0.95 $1.06
Movie $12.88 $10.68
Bowling $19.12 $14.67
Haircut $21.52 $18.62
Beauty Salon $33.41 $39.05

Detailed Cypress Lake Groceries Costs Vs. Florida

Item Cypress Lake Florida
Ground Beef $4.42 $4.22
Fried Chicken $1.92 $1.39
Milk $2.4 $2.05
Potatoes $3.3 $3.29
Pizza $12.0 $10.62
Beer $9.7 $9.38
Toothpaste $2.31 $2.34

Detailed Cypress Lake Health Costs Vs. Florida

Item Cypress Lake Florida
Optometrist $85.53 $108.57
Doctor $123.46 $116.17
Dentist $110.14 $99.13

Detailed Cypress Lake Transportation Costs Vs. Florida

Item Cypress Lake Florida
Gasoline $2.45 $2.22
Tire Balancing $57.16 $50.07

Detailed Cypress Lake Utilities Costs Vs. Florida

Item Cypress Lake Florida
All Electricity $158.56 $167.67
Phone $187.82 $175.64

Cypress Lake SnackAbility

7
/10
Overall SnackAbility
Jobs
8/10
Housing
8
Affordability
5
Diversity
6
Safety
N/A
Amenities
9
Education
8
Commute
8.5

Cost Of Living In Cities Around Cypress Lake

The cost of living varies in the cities and towns around Cypress Lake. Here's a quick look at the cost of living in the most populous nearby places:

  • Cape Coral, FL has a cost of living index of 105, 1.1x Cypress Lake.

  • Lehigh Acres, FL has a cost of living index of 96, 1.0x Cypress Lake.

  • Fort Myers, FL has a cost of living index of 100, 1.0x Cypress Lake.

City Population Cost Of Living Vs. Cypress Lake
Cape Coral, FL 193,003 105 1.1x
Lehigh Acres, FL 123,751 96 1.0x
Fort Myers, FL 84,694 100 1.0x
Bonita Springs, FL 53,017 113 1.2x
North Fort Myers, FL 41,551 87 0.9x
San Carlos Park, FL 18,590 99 1.0x
Villas, FL 13,764 97 1.0x
Iona, FL 13,160 108 1.1x
McGregor, FL 7,924 114 1.2x
Whiskey Creek, FL 5,261 105 1.1x

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