What is the cost of living in Lake City, FL?
According to the most recent data on the cost of living, Lake City has an overall cost of living index of 94, which is 0.9x lower than the national index of 100.
Compared to Florida, Lake City has a cost of living index that's 0.9x lower than Florida's index of 104.
The standard of living in Lake City ranks as #36 most affordable out of the 462 places we measured in Florida. By definition, that implies Lake City ranks as the #426 most expensive place in the Sunshine State.
For more reading on life in Lake City, check out:
Lake City Cost Of Living Vs. Florida
Six factors go into calculating the cost of living index in Lake City. Here is how it fares on each of the criteria:
The Services index in Lake City is 98.
The Groceries index in Lake City is 107.
The Health index in Lake City is 72.
The Housing index in Lake City is 102.
The Transportation index in Lake City is 114.
The Utilities index in Lake City is 111.
| Living Expense | Lake City | Florida | National Average |
|---|---|---|---|
| Overall | 94 | 104 | 100 |
| Services | 98 | 101 | 100 |
| Groceries | 107 | 105 | 100 |
| Health | 72 | 99 | 100 |
| Housing | 102 | 104 | 100 |
| Transportation | 114 | 109 | 100 |
| Utilities | 111 | 105 | 100 |
Lake City 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 City Get matched →Source: Cost-of-living index 2026, normalized to US average = 100
Lake City, 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 City is $262,276.
The Median Rent in Lake City is $1,040.
The Median Income in Lake City is $56,472.
The Home Value To Income in Lake City is 4.6x.
The Rent To Monthly Income in Lake City is 0.22x.
