Lake Park, FL Cost Of Living

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Updated: 2020-03-08
Lake Park's Overall Cost Of Living
Lower Than The National Average
The cost of living index is set to 100 for the average place in America. An index above 100 means Lake Park is expensive, while a number below 100 means it's a relatively cheap place to live.

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 97 which is 1.0x lower than the national index of 100.

Compared to only Florida, Lake Park has a cost of living index that's 1.0x lower than Florida's index of 99.

The standard of living in Lake Park ranks as #2809 most affordable out of the 6522 places we measured in Florida. By definition, that implies Lake Park ranks as the #3597 most expensive place in the Sunshine State.

Lake Park Cost Of Living Vs. Florida

Living Expense Lake Park Florida National Average
Overall 97 99 100
Services 99 99 100
Groceries 106 105 100
Health 100 100 100
Housing 86 96 100
Transportation 108 98 100
Utilities 98 102 100
For more reading on cost of living around Florida, check out:
Lake Park Cost of Living Vs. FL

Lake Park, FL Housing Cost Breakdown

Housing swings affordability the most between places in Florida, so we broke down the statistics around housing costs into more detail. It's also important to consider median household incomes to make apples-to-apples comparisons across locations.

Home and income come data comes from the most recent US Census ACS 2014-2018.

Median Home Value
Median Rent
Median Income
Statistic Lake Park Florida United States
Median Home Value $173,100 $196,800 $204,900
Median Rent $1,123 $1,128 $1,023
Median Income $53,659 $53,267 $60,293
Home Value To Income 3.2x 3.7x 3.4x
Rent To Monthly Income 0.25x 0.25x 0.2x

Lake Park SnackAbility

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Cost Of Living In Cities Around Lake Park

City Population Cost Of Living Vs. Lake Park
West Palm Beach, FL 108,365 104 1.1x
Boynton Beach, FL 75,720 101 1.0x
Wellington, FL 63,681 123 1.3x
Jupiter, FL 63,617 122 1.3x
Palm Beach Gardens, FL 54,528 121 1.2x
Greenacres, FL 40,224 96 1.0x
The Acreage, FL 39,656 114 1.2x
Royal Palm Beach, FL 38,344 109 1.1x
Riviera Beach, FL 34,352 98 1.0x
North Palm Beach, FL 12,899 112 1.2x

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