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.
|Living Expense||Lake Wales||Florida||National Average|
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.