Sky Lake, FL Cost Of Living
Cost Of Living In Sky Lake, FL Summary
Cost of living in Sky Lake 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 Sky Lake 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 Sky Lake is 91, with 100 being the average.
The cost of living index in Sky Lake is 0.9x lower than the national average.
Sky Lake ranks as the #106 cheapest in Florida out of 459.
Sky Lake ranks as the #1,804 cheapest out of 6,412 in the US.
The median home value in Sky Lake is $186,500.
The median income in Sky Lake is $53,375.
Table Of Contents
Sky Lake's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Sky Lake, FL?
According to the most recent data on the cost of living, Sky Lake has an overall cost of living index of 91, which is 0.9x lower than the national index of 100.
Compared to Florida, Sky Lake has a cost of living index that's 0.9x lower than Florida's index of 101.
The standard of living in Sky Lake ranks as #106 most affordable out of the 459 places we measured in Florida. By definition, that implies Sky Lake ranks as the #353 most expensive place in the Sunshine State.
For more reading on life in Sky Lake, check out:
- Living In Sky Lake
- Search Homes For Sale In Sky Lake, FL
In Florida
In America
Sky Lake Cost Of Living Vs. Florida
Six factors go into calculating the cost of living index in Sky Lake. Here is how it fairs on each of the criteria:
The Services index in Sky Lake is 94.
The Groceries index in Sky Lake is 104.
The Health index in Sky Lake is 93.
The Housing index in Sky Lake is 72.
The Transportation index in Sky Lake is 96.
The Utilities index in Sky Lake is 102.
| Living Expense | Sky Lake | Florida | National Average | |
|---|---|---|---|---|
| Overall | 91 | 101 | 100 | |
| Services | 94 | 98 | 100 | |
| Groceries | 104 | 101 | 100 | |
| Health | 93 | 96 | 100 | |
| Housing | 72 | 108 | 100 | |
| Transportation | 96 | 98 | 100 | |
| Utilities | 102 | 100 | 100 | |
Sky Lake, 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 Sky Lake is $186,500.
The Median Rent in Sky Lake is $1,227.
The Median Income in Sky Lake is $53,375.
The Home Value To Income in Sky Lake is 3.5x.
The Rent To Monthly Income in Sky Lake is 0.28x.
| Statistic | Sky Lake | Florida | United States |
|---|---|---|---|
| Median Home Value | $186,500 | $248,700 | $244,900 |
| Median Rent | $1,227 | $1,301 | $1,163 |
| Median Income | $53,375 | $61,777 | $69,021 |
| Home Value To Income | 3.5x | 4.0x | 3.5x |
| Rent To Monthly Income | 0.28x | 0.25x | 0.2x |
Median Home Value
Median Rent
Median Income
Sky Lake, FL Costs By Category
Detailed Sky Lake Services Costs Vs. Florida
Detailed Sky Lake Groceries Costs Vs. Florida
Detailed Sky Lake Health Costs Vs. Florida
Detailed Sky Lake Transportation Costs Vs. Florida
Detailed Sky Lake Utilities Costs Vs. Florida
Sky Lake SnackAbility
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Cost Of Living In Cities Around Sky Lake
The cost of living varies in the cities and towns around Sky Lake. Here's a quick look at the cost of living in the most populous nearby places:
Ocoee, FL has a cost of living index of 101, 1.1x Sky Lake.
Winter Garden, FL has a cost of living index of 103, 1.1x Sky Lake.
Oviedo, FL has a cost of living index of 106, 1.2x Sky Lake.
| City | Population | Cost Of Living | Vs. Sky Lake |
|---|---|---|---|
| Ocoee, FL | 46,562 | 101 | 1.1x |
| Winter Garden, FL | 45,978 | 103 | 1.1x |
| Oviedo, FL | 39,405 | 106 | 1.2x |
| Winter Springs, FL | 38,021 | 100 | 1.1x |
| Winter Park, FL | 29,672 | 117 | 1.3x |
| Oak Ridge, FL | 25,973 | 87 | 1.0x |
| Wekiwa Springs, FL | 24,049 | 108 | 1.2x |
| Maitland, FL | 19,154 | 115 | 1.3x |
| Lockhart, FL | 14,390 | 90 | 1.0x |
| Conway, FL | 13,630 | 99 | 1.1x |
