What is the cost of living in Inwood, FL?
According to the most recent data on the cost of living, Inwood has an overall cost of living index of 90, which is 0.9x lower than the national index of 100.
Compared to Florida, Inwood has a cost of living index that's 0.9x lower than Florida's index of 104.
The standard of living in Inwood ranks as #13 most affordable out of the 462 places we measured in Florida. By definition, that implies Inwood ranks as the #449 most expensive place in the Sunshine State.
For more reading on life in Inwood, check out:
Inwood Cost Of Living Vs. Florida
Six factors go into calculating the cost of living index in Inwood. Here is how it fares on each of the criteria:
The Services index in Inwood is 100.
The Groceries index in Inwood is 103.
The Health index in Inwood is 59.
The Housing index in Inwood is 104.
The Transportation index in Inwood is 110.
The Utilities index in Inwood is 101.
| Living Expense | Inwood | Florida | National Average |
|---|---|---|---|
| Overall | 90 | 104 | 100 |
| Services | 100 | 101 | 100 |
| Groceries | 103 | 105 | 100 |
| Health | 59 | 99 | 100 |
| Housing | 104 | 104 | 100 |
| Transportation | 110 | 109 | 100 |
| Utilities | 101 | 105 | 100 |
Inwood Cost Of Living Compared To Florida Averages
Index where 100 = national average. Source: cost-of-living index 2026.
For more reading on cost of living around Florida, check out:
Protect your home budget Compare home warranties in Inwood Get matched →Source: Cost-of-living index 2026, normalized to US average = 100
Inwood, 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 2020-2024. The key points are:
The Median Home Value in Inwood is $148,904.
The Median Rent in Inwood is $1,230.
The Median Income in Inwood is $55,540.
The Home Value To Income in Inwood is 2.7x.
The Rent To Monthly Income in Inwood is 0.27x.
Inwood, FL Costs By Category
Detailed Inwood Services costs vs. Florida
Detailed Inwood Groceries costs vs. Florida
Detailed Inwood Health costs vs. Florida
Detailed Inwood Transportation costs vs. Florida
Inwood SnackAbility
Cost Of Living In Cities Around Inwood
The cost of living varies in the cities and towns around Inwood. Here's a quick look at the cost of living in the most populous nearby places:
Lakeland, FL has a cost of living index of 104, 1.2x Inwood.
Poinciana, FL has a cost of living index of 109, 1.2x Inwood.
Winter Haven, FL has a cost of living index of 99, 1.1x Inwood.
| City | Population | Cost Of Living | Vs. Inwood |
|---|---|---|---|
| Lakeland, FL | 119,961 | 104 | 1.2x |
| Poinciana, FL | 75,068 | 109 | 1.2x |
| Winter Haven, FL | 55,200 | 99 | 1.1x |
| Bartow, FL | 20,438 | 97 | 1.1x |
| Auburndale, FL | 18,530 | 103 | 1.1x |
| Lake Wales, FL | 16,785 | 102 | 1.1x |
| Lakeland Highlands, FL | 12,102 | 122 | 1.4x |
| Highland, IL | 10,262 | 96 | 1.1x |
| Cypress Gardens, FL | 10,077 | 107 | 1.2x |
| Lake Alfred, FL | 7,277 | 98 | 1.1x |
