Lake Wales, FL Cost Of Living

Demographics | Crime | Cost Of Living
Updated: 2021-02-06
85
Lake Wales's Overall Cost Of Living
0.8x
Lower Than The National Average
32 out of 458
In Florida
795 out of 6,399
In America
The cost of living index is set to 100 for the average place in America. An index above 100 means Lake Wales is expensive, while a number below 100 means it's a relatively cheap place to live.

What is the cost of living in Lake Wales, FL?

According to the most recent data on the cost of living, Lake Wales has an overall cost of living index of 85 which is 0.8x lower than the national index of 100.

Compared to only Florida, Lake Wales has a cost of living index that's 0.9x lower than Florida's index of 99.

The standard of living in Lake Wales ranks as #795 most affordable out of the 6,522 places we measured in Florida. By definition, that implies Lake Wales ranks as the #5,611 most expensive place in the Sunshine State.

For more reading on life in Lake Wales, check out:

Lake Wales Cost Of Living Vs. Florida

Living Expense Lake Wales Florida National Average
Overall 85 99 100
Services 93 99 100
Groceries 97 105 100
Health 89 100 100
Housing 65 96 100
Transportation 91 98 100
Utilities 98 102 100
For more reading on cost of living around Florida, check out:
Lake Wales Cost of Living Vs. FL

Lake Wales, 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.

$167,400
Median Home Value
$821
Median Rent
$44,186
Median Income
Statistic Lake Wales Florida United States
Median Home Value $167,400 $215,300 $217,500
Median Rent $821 $1,175 $1,062
Median Income $44,186 $55,660 $62,843
Home Value To Income 3.8x 3.9x 3.5x
Rent To Monthly Income 0.22x 0.25x 0.2x

Detailed Lake Wales Services Costs Vs. Florida

Item Lake Wales Florida
Shampoo $0.84 $1.01
Movie $11.39 $10.72
Bowling $14.14 $13.86

Detailed Lake Wales Groceries Costs Vs. Florida

Item Lake Wales Florida
Ground Beef $4.73 $3.9
Fried Chicken $1.28 $1.4
Milk $2.04 $1.96

Detailed Lake Wales Health Costs Vs. Florida

Item Lake Wales Florida
Haircut $20.2 $17.49
Beauty Salon $44.0 $38.17
Toothpaste $1.62 $2.32

Detailed Lake Wales Transportation Costs Vs. Florida

Item Lake Wales Florida
Potatoes $3.15 $3.18
Pizza $9.99 $10.39
Beer $9.99 $9.23
Optometrist $86.33 $106.34
Doctor $76.2 $115.25
Dentist $97.5 $98.38

Detailed Lake Wales Utilities Costs Vs. Florida

Item Lake Wales Florida
Gasoline $2.46 $2.59
Tire Balancing $42.5 $48.9
All Electricity $161.23 $167.6
Phone $183.84 $163.42

Lake Wales SnackAbility

4
/10
Overall SnackAbility
Jobs
5/10
Housing
7
Affordability
5
Diversity
9.5
Safety
6
Amenities
8
Education
6
Commute
8

Cost Of Living In Cities Around Lake Wales

City Population Cost Of Living Vs. Lake Wales
Poinciana, FL 69,955 92 1.1x
Winter Haven, FL 41,248 85 1.0x
Bartow, FL 19,440 87 1.0x
Auburndale, FL 15,799 88 1.0x
Cypress Gardens, FL 10,252 93 1.1x
Highland, IL 10,012 91 1.1x

Articles About Florida

Enjoy The Snack?