Lake Alfred, FL Cost Of Living
Cost Of Living In Lake Alfred, FL Summary
Cost of living in Lake Alfred 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 Lake Alfred 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 Lake Alfred is 91, with 100 being the average.
The cost of living index in Lake Alfred is 0.9x lower than the national average.
Lake Alfred ranks as the #50 cheapest in Florida out of 459.
Lake Alfred ranks as the #1,347 cheapest out of 6,489 in the US.
The median home value in Lake Alfred is $309,141.
The median income in Lake Alfred is $68,854.
Table Of Contents
Lake Alfred's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Lake Alfred, FL?
According to the most recent data on the cost of living, Lake Alfred has an overall cost of living index of 91, which is 0.9x lower than the national index of 100.
Compared to Florida, Lake Alfred has a cost of living index that's 0.9x lower than Florida's index of 97.
The standard of living in Lake Alfred ranks as #50 most affordable out of the 459 places we measured in Florida. By definition, that implies Lake Alfred ranks as the #409 most expensive place in the Sunshine State.
For more reading on life in Lake Alfred, check out:
In Florida
In America
Lake Alfred Cost Of Living Vs. Florida
Six factors go into calculating the cost of living index in Lake Alfred. Here is how it fairs on each of the criteria:
The Services index in Lake Alfred is 103.
The Groceries index in Lake Alfred is 98.
The Health index in Lake Alfred is 93.
The Housing index in Lake Alfred is 83.
The Transportation index in Lake Alfred is 97.
The Utilities index in Lake Alfred is 92.
| Living Expense | Lake Alfred | Florida | National Average | |
|---|---|---|---|---|
| Overall | 91 | 97 | 100 | |
| Services | 103 | 96 | 100 | |
| Groceries | 98 | 99 | 100 | |
| Health | 93 | 98 | 100 | |
| Housing | 83 | 96 | 100 | |
| Transportation | 97 | 97 | 100 | |
| Utilities | 92 | 95 | 100 | |
Lake Alfred, 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 2019-2023. The key points are:
The Median Home Value in Lake Alfred is $309,141.
The Median Rent in Lake Alfred is $1,348.
The Median Income in Lake Alfred is $68,854.
The Home Value To Income in Lake Alfred is 4.5x.
The Rent To Monthly Income in Lake Alfred is 0.23x.
| Statistic | Lake Alfred | Florida | United States |
|---|---|---|---|
| Median Home Value | $309,141 | $377,066 | $303,400 |
| Median Rent | $1,348 | $1,564 | $1,348 |
| Median Income | $68,854 | $71,711 | $78,538 |
| Home Value To Income | 4.5x | 5.3x | 3.9x |
| Rent To Monthly Income | 0.23x | 0.26x | 0.21x |
Median Home Value
Median Rent
Median Income
Lake Alfred, FL Costs By Category
Detailed Lake Alfred Services Costs Vs. Florida
| Item | Lake Alfred | Florida |
|---|---|---|
| Shampoo | $1.48 | $1.28 |
| Movie | $13.54 | $12.13 |
| Bowling | $19.87 | $18 |
| Haircut | $26.53 | $24.26 |
| Beauty Salon | $55.13 | $45.56 |
Detailed Lake Alfred Groceries Costs Vs. Florida
| Item | Lake Alfred | Florida |
|---|---|---|
| Ground Beef | $6.26 | $5.84 |
| Fried Chicken | $1.4 | $1.57 |
| Milk | $4.58 | $4.67 |
| Potatoes | $5.23 | $4.93 |
| Pizza | $13.13 | $12.09 |
| Beer | $11.07 | $10.41 |
| Toothpaste | $3.84 | $3.7 |
Detailed Lake Alfred Health Costs Vs. Florida
| Item | Lake Alfred | Florida |
|---|---|---|
| Optometrist | $118.44 | $125.68 |
| Doctor | $137.0 | $135.78 |
| Dentist | $125.36 | $113.29 |
Detailed Lake Alfred Transportation Costs Vs. Florida
| Item | Lake Alfred | Florida |
|---|---|---|
| Gasoline | $3.39 | $3.46 |
| Tire Balancing | $57.07 | $59.92 |
Detailed Lake Alfred Utilities Costs Vs. Florida
| Item | Lake Alfred | Florida |
|---|---|---|
| All Electricity | $190.71 | $193.99 |
| Phone | $194.67 | $192.25 |
Lake Alfred SnackAbility
/10
Cost Of Living In Cities Around Lake Alfred
The cost of living varies in the cities and towns around Lake Alfred. 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 95, 1.0x Lake Alfred.
Poinciana, FL has a cost of living index of 102, 1.1x Lake Alfred.
Four Corners, FL has a cost of living index of 105, 1.2x Lake Alfred.
| City | Population | Cost Of Living | Vs. Lake Alfred |
|---|---|---|---|
| Lakeland, FL | 117,030 | 95 | 1.0x |
| Poinciana, FL | 71,665 | 102 | 1.1x |
| Four Corners, FL | 60,443 | 105 | 1.2x |
| Winter Haven, FL | 52,846 | 97 | 1.1x |
| Bartow, FL | 19,801 | 95 | 1.0x |
| Auburndale, FL | 17,438 | 96 | 1.1x |
| Lake Wales, FL | 16,365 | 98 | 1.1x |
| Lakeland Highlands, FL | 11,669 | 112 | 1.2x |
| Davenport, FL | 11,660 | 105 | 1.2x |
| Highland, IL | 10,268 | 92 | 1.0x |
