Three Lakes, FL Cost Of Living

Demographics | Cost Of Living
Updated: 2023-11-15

Cost Of Living In Three Lakes, FL Summary

Cost of living in Three Lakes 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 Three Lakes 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 Three Lakes is 117, with 100 being the average.

  • The cost of living index in Three Lakes is 1.2x higher than the national average.

  • Three Lakes ranks as the #399 cheapest in Florida out of 459.

  • Three Lakes ranks as the #4,628 cheapest out of 6,412 in the US.

  • The median home value in Three Lakes is $357,700.

  • The median income in Three Lakes is $74,863.

Table Of Contents

  1. Summary
  2. National Comparison
  3. Housing Breakdown
  4. Detailed Pricing
  5. Nearby Comparisons
117
Three Lakes's Overall Cost Of Living
1.2x
Higher Than The National Average

What is the cost of living in Three Lakes, FL?

According to the most recent data on the cost of living, Three Lakes has an overall cost of living index of 117, which is 1.2x higher than the national index of 100.

Compared to Florida, Three Lakes has a cost of living index that's 1.2x higher than Florida's index of 101.

The standard of living in Three Lakes ranks as #399 most affordable out of the 459 places we measured in Florida. By definition, that implies Three Lakes ranks as the #60 most expensive place in the Sunshine State.

For more reading on life in Three Lakes, check out:

399 out of 459
In Florida
4,628 out of 6,412
In America

Three Lakes Cost Of Living Vs. Florida

Six factors go into calculating the cost of living index in Three Lakes. Here is how it fairs on each of the criteria:

  • The Services index in Three Lakes is 103.

  • The Groceries index in Three Lakes is 119.

  • The Health index in Three Lakes is 105.

  • The Housing index in Three Lakes is 138.

  • The Transportation index in Three Lakes is 110.

  • The Utilities index in Three Lakes is 101.

Living Expense Three Lakes Florida National Average
Overall 117 101 100
Services 103 98 100
Groceries 119 101 100
Health 105 96 100
Housing 138 108 100
Transportation 110 98 100
Utilities 101 100 100
For more reading on cost of living around Florida, check out:
Three Lakes Cost of Living Vs. FL

Three Lakes, 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 Three Lakes is $357,700.

  • The Median Rent in Three Lakes is $2,042.

  • The Median Income in Three Lakes is $74,863.

  • The Home Value To Income in Three Lakes is 4.8x.

  • The Rent To Monthly Income in Three Lakes is 0.33x.

Statistic Three Lakes Florida United States
Median Home Value $357,700 $248,700 $244,900
Median Rent $2,042 $1,301 $1,163
Median Income $74,863 $61,777 $69,021
Home Value To Income 4.8x 4.0x 3.5x
Rent To Monthly Income 0.33x 0.25x 0.2x
Search Homes For Sale In Three Lakes, FL
$357,700
Median Home Value
$2,042
Median Rent
$74,863
Median Income

Three Lakes, FL Costs By Category

Detailed Three Lakes Services Costs Vs. Florida

Item Three Lakes Florida
Shampoo $1.11 $1.06
Movie $13.23 $10.68
Bowling $22.13 $14.67
Haircut $14.37 $18.62
Beauty Salon $70.0 $39.05

Detailed Three Lakes Groceries Costs Vs. Florida

Item Three Lakes Florida
Ground Beef $4.27 $4.22
Fried Chicken $1.73 $1.39
Milk $3.16 $2.05
Potatoes $3.86 $3.29
Pizza $9.1 $10.62
Beer $10.98 $9.38
Toothpaste $1.87 $2.34

Detailed Three Lakes Health Costs Vs. Florida

Item Three Lakes Florida
Optometrist $105.63 $108.57
Doctor $111.06 $116.17
Dentist $107.78 $99.13

Detailed Three Lakes Transportation Costs Vs. Florida

Item Three Lakes Florida
Gasoline $2.24 $2.22
Tire Balancing $60.69 $50.07

Detailed Three Lakes Utilities Costs Vs. Florida

Item Three Lakes Florida
All Electricity $162.18 $167.67
Phone $188.17 $175.64

Three Lakes SnackAbility

7
/10
Overall SnackAbility
Jobs
8.5/10
Housing
9
Affordability
3
Diversity
9
Safety
N/A
Amenities
9
Education
8.5
Commute
4

Cost Of Living In Cities Around Three Lakes

The cost of living varies in the cities and towns around Three Lakes. Here's a quick look at the cost of living in the most populous nearby places:

  • Kendall, FL has a cost of living index of 123, 1.1x Three Lakes.

  • The Hammocks, FL has a cost of living index of 116, 1.0x Three Lakes.

  • Tamiami, FL has a cost of living index of 116, 1.0x Three Lakes.

City Population Cost Of Living Vs. Three Lakes
Kendall, FL 78,007 123 1.1x
The Hammocks, FL 61,461 116 1.0x
Tamiami, FL 54,525 116 1.0x
Kendale Lakes, FL 53,392 108 0.9x
Coral Gables, FL 49,269 164 1.4x
Richmond West, FL 37,626 117 1.0x
South Miami Heights, FL 36,239 102 0.9x
Miami Lakes, FL 30,582 125 1.1x
Coral Terrace, FL 25,869 117 1.0x
The Crossings, FL 22,382 116 1.0x

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