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 98, which is 1.0x 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 104.
The standard of living in Lake Alfred ranks as #71 most affordable out of the 462 places we measured in Florida. By definition, that implies Lake Alfred ranks as the #391 most expensive place in the Sunshine State.
For more reading on life in Lake Alfred, check out:
Lake Alfred Cost Of Living Vs. Florida
Six factors go into calculating the cost of living index in Lake Alfred. Here is how it fares on each of the criteria:
The Services index in Lake Alfred is 101.
The Groceries index in Lake Alfred is 103.
The Health index in Lake Alfred is 84.
The Housing index in Lake Alfred is 101.
The Transportation index in Lake Alfred is 109.
The Utilities index in Lake Alfred is 101.
| Living Expense | Lake Alfred | Florida | National Average |
|---|---|---|---|
| Overall | 98 | 104 | 100 |
| Services | 101 | 101 | 100 |
| Groceries | 103 | 105 | 100 |
| Health | 84 | 99 | 100 |
| Housing | 101 | 104 | 100 |
| Transportation | 109 | 109 | 100 |
| Utilities | 101 | 105 | 100 |
Lake Alfred 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 Lake Alfred Get matched →Source: Cost-of-living index 2026, normalized to US average = 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 2020-2024. The key points are:
The Median Home Value in Lake Alfred is $307,548.
The Median Rent in Lake Alfred is $1,349.
The Median Income in Lake Alfred is $67,202.
The Home Value To Income in Lake Alfred is 4.6x.
The Rent To Monthly Income in Lake Alfred is 0.24x.
| Statistic | Lake Alfred | Florida | United States |
|---|---|---|---|
| Median Home Value | $307,548 | $375,661 | $332,700 |
| Median Rent | $1,349 | $1,669 | $1,413 |
| Median Income | $67,202 | $74,568 | $80,734 |
| Home Value To Income | 4.6x | 5.0x | 4.1x |
| Rent To Monthly Income | 0.24x | 0.27x | 0.21x |
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
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 104, 1.1x Lake Alfred.
Poinciana, FL has a cost of living index of 109, 1.1x Lake Alfred.
Four Corners, FL has a cost of living index of 111, 1.1x Lake Alfred.
| City | Population | Cost Of Living | Vs. Lake Alfred |
|---|---|---|---|
| Lakeland, FL | 119,961 | 104 | 1.1x |
| Poinciana, FL | 75,068 | 109 | 1.1x |
| Four Corners, FL | 65,048 | 111 | 1.1x |
| Winter Haven, FL | 55,200 | 99 | 1.0x |
| Bartow, FL | 20,438 | 97 | 1.0x |
| Auburndale, FL | 18,530 | 103 | 1.1x |
| Lake Wales, FL | 16,785 | 102 | 1.0x |
| Davenport, FL | 13,238 | 111 | 1.1x |
| Lakeland Highlands, FL | 12,102 | 122 | 1.2x |
| Highland, IL | 10,262 | 96 | 1.0x |
