Lighthouse Point, FL Cost Of Living
Cost Of Living In Lighthouse Point, FL Summary
Cost of living in Lighthouse Point 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 Lighthouse Point 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 Lighthouse Point is 130, with 100 being the average.
The cost of living index in Lighthouse Point is 1.3x higher than the national average.
Lighthouse Point ranks as the #437 cheapest in Florida out of 459.
Lighthouse Point ranks as the #5,259 cheapest out of 6,412 in the US.
The median home value in Lighthouse Point is $541,500.
The median income in Lighthouse Point is $80,621.
Table Of Contents
Lighthouse Point's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Lighthouse Point, FL?
According to the most recent data on the cost of living, Lighthouse Point has an overall cost of living index of 130, which is 1.3x higher than the national index of 100.
Compared to Florida, Lighthouse Point has a cost of living index that's 1.3x higher than Florida's index of 101.
The standard of living in Lighthouse Point ranks as #437 most affordable out of the 459 places we measured in Florida. By definition, that implies Lighthouse Point ranks as the #22 most expensive place in the Sunshine State.
For more reading on life in Lighthouse Point, check out:
- Living In Lighthouse Point
- Lighthouse Point Crime Report
- Search Homes For Sale In Lighthouse Point, FL
In Florida
In America
Lighthouse Point Cost Of Living Vs. Florida
Six factors go into calculating the cost of living index in Lighthouse Point. Here is how it fairs on each of the criteria:
The Services index in Lighthouse Point is 98.
The Groceries index in Lighthouse Point is 118.
The Health index in Lighthouse Point is 102.
The Housing index in Lighthouse Point is 195.
The Transportation index in Lighthouse Point is 111.
The Utilities index in Lighthouse Point is 99.
| Living Expense | Lighthouse Point | Florida | National Average | |
|---|---|---|---|---|
| Overall | 130 | 101 | 100 | |
| Services | 98 | 98 | 100 | |
| Groceries | 118 | 101 | 100 | |
| Health | 102 | 96 | 100 | |
| Housing | 195 | 108 | 100 | |
| Transportation | 111 | 98 | 100 | |
| Utilities | 99 | 100 | 100 | |
Lighthouse Point, 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 2017-2021. The key points are:
The Median Home Value in Lighthouse Point is $541,500.
The Median Rent in Lighthouse Point is $1,592.
The Median Income in Lighthouse Point is $80,621.
The Home Value To Income in Lighthouse Point is 6.7x.
The Rent To Monthly Income in Lighthouse Point is 0.24x.
| Statistic | Lighthouse Point | Florida | United States |
|---|---|---|---|
| Median Home Value | $541,500 | $248,700 | $244,900 |
| Median Rent | $1,592 | $1,301 | $1,163 |
| Median Income | $80,621 | $61,777 | $69,021 |
| Home Value To Income | 6.7x | 4.0x | 3.5x |
| Rent To Monthly Income | 0.24x | 0.25x | 0.2x |
Median Home Value
Median Rent
Median Income
Lighthouse Point, FL Costs By Category
Detailed Lighthouse Point Services Costs Vs. Florida
| Item | Lighthouse Point | Florida |
|---|---|---|
| Shampoo | $1.07 | $1.06 |
| Movie | $11.82 | $10.68 |
| Bowling | $20.88 | $14.67 |
| Haircut | $14.47 | $18.62 |
| Beauty Salon | $65.03 | $39.05 |
Detailed Lighthouse Point Groceries Costs Vs. Florida
| Item | Lighthouse Point | Florida |
|---|---|---|
| Ground Beef | $4.66 | $4.22 |
| Fried Chicken | $1.62 | $1.39 |
| Milk | $2.96 | $2.05 |
| Potatoes | $4.99 | $3.29 |
| Pizza | $8.99 | $10.62 |
| Beer | $10.84 | $9.38 |
| Toothpaste | $2.04 | $2.34 |
Detailed Lighthouse Point Health Costs Vs. Florida
| Item | Lighthouse Point | Florida |
|---|---|---|
| Optometrist | $135.56 | $108.57 |
| Doctor | $102.25 | $116.17 |
| Dentist | $106.04 | $99.13 |
Detailed Lighthouse Point Transportation Costs Vs. Florida
| Item | Lighthouse Point | Florida |
|---|---|---|
| Gasoline | $2.24 | $2.22 |
| Tire Balancing | $63.76 | $50.07 |
Detailed Lighthouse Point Utilities Costs Vs. Florida
| Item | Lighthouse Point | Florida |
|---|---|---|
| All Electricity | $162.2 | $167.67 |
| Phone | $188.17 | $175.64 |
Lighthouse Point SnackAbility
/10
Cost Of Living In Cities Around Lighthouse Point
The cost of living varies in the cities and towns around Lighthouse Point. Here's a quick look at the cost of living in the most populous nearby places:
Coral Springs, FL has a cost of living index of 121, 0.9x Lighthouse Point.
Pompano Beach, FL has a cost of living index of 100, 0.8x Lighthouse Point.
Davie, FL has a cost of living index of 111, 0.9x Lighthouse Point.
| City | Population | Cost Of Living | Vs. Lighthouse Point |
|---|---|---|---|
| Coral Springs, FL | 133,693 | 121 | 0.9x |
| Pompano Beach, FL | 111,423 | 100 | 0.8x |
| Davie, FL | 104,782 | 111 | 0.9x |
| Sunrise, FL | 96,220 | 102 | 0.8x |
| Boca Raton, FL | 95,347 | 128 | 1.0x |
| Deerfield Beach, FL | 86,062 | 97 | 0.7x |
| Margate, FL | 58,331 | 98 | 0.8x |
| Coconut Creek, FL | 57,553 | 103 | 0.8x |
| North Lauderdale, FL | 44,579 | 96 | 0.7x |
| Oakland Park, FL | 44,092 | 104 | 0.8x |
