Lake Park, FL Cost Of Living
Cost Of Living In Lake Park, FL Summary
Cost of living in Lake Park 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 Park 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 Park is 110, with 100 being the average.
The cost of living index in Lake Park is 1.1x higher than the national average.
Lake Park ranks as the #266 cheapest in Florida out of 459.
Lake Park ranks as the #3,657 cheapest out of 6,489 in the US.
The median home value in Lake Park is $387,781.
The median income in Lake Park is $69,274.
Table Of Contents
Lake Park's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Lake Park, FL?
According to the most recent data on the cost of living, Lake Park has an overall cost of living index of 110, which is 1.1x higher than the national index of 100.
Compared to Florida, Lake Park has a cost of living index that's 1.1x higher than Florida's index of 97.
The standard of living in Lake Park ranks as #266 most affordable out of the 459 places we measured in Florida. By definition, that implies Lake Park ranks as the #193 most expensive place in the Sunshine State.
For more reading on life in Lake Park, check out:
In Florida
In America
Lake Park Cost Of Living Vs. Florida
Six factors go into calculating the cost of living index in Lake Park. Here is how it fairs on each of the criteria:
The Services index in Lake Park is 106.
The Groceries index in Lake Park is 105.
The Health index in Lake Park is 91.
The Housing index in Lake Park is 127.
The Transportation index in Lake Park is 99.
The Utilities index in Lake Park is 104.
| Living Expense | Lake Park | Florida | National Average | |
|---|---|---|---|---|
| Overall | 110 | 97 | 100 | |
| Services | 106 | 96 | 100 | |
| Groceries | 105 | 99 | 100 | |
| Health | 91 | 98 | 100 | |
| Housing | 127 | 96 | 100 | |
| Transportation | 99 | 97 | 100 | |
| Utilities | 104 | 95 | 100 | |
Lake Park, 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 Park is $387,781.
The Median Rent in Lake Park is $1,396.
The Median Income in Lake Park is $69,274.
The Home Value To Income in Lake Park is 5.6x.
The Rent To Monthly Income in Lake Park is 0.24x.
Median Home Value
Median Rent
Median Income
Lake Park, FL Costs By Category
Detailed Lake Park Services Costs Vs. Florida
Detailed Lake Park Groceries Costs Vs. Florida
Detailed Lake Park Health Costs Vs. Florida
Detailed Lake Park Transportation Costs Vs. Florida
Detailed Lake Park Utilities Costs Vs. Florida
Lake Park SnackAbility
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Cost Of Living In Cities Around Lake Park
The cost of living varies in the cities and towns around Lake Park. Here's a quick look at the cost of living in the most populous nearby places:
West Palm Beach, FL has a cost of living index of 113, 1.0x Lake Park.
Boynton Beach, FL has a cost of living index of 111, 1.0x Lake Park.
Wellington, FL has a cost of living index of 137, 1.2x Lake Park.
| City | Population | Cost Of Living | Vs. Lake Park |
|---|---|---|---|
| West Palm Beach, FL | 119,508 | 113 | 1.0x |
| Boynton Beach, FL | 80,601 | 111 | 1.0x |
| Wellington, FL | 61,497 | 137 | 1.2x |
| Jupiter, FL | 61,097 | 130 | 1.2x |
| Palm Beach Gardens, FL | 59,751 | 132 | 1.2x |
| Greenacres, FL | 43,871 | 104 | 0.9x |
| The Acreage, FL | 40,188 | 128 | 1.2x |
| Royal Palm Beach, FL | 39,089 | 121 | 1.1x |
| Riviera Beach, FL | 38,032 | 106 | 1.0x |
| Jupiter Farms, FL | 13,394 | 127 | 1.2x |
