Westwood Lakes, FL Cost Of Living
Cost Of Living In Westwood Lakes, FL Summary
Cost of living in Westwood 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 Westwood 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 Westwood Lakes is 113, with 100 being the average.
The cost of living index in Westwood Lakes is 1.1x higher than the national average.
Westwood Lakes ranks as the #369 cheapest in Florida out of 459.
Westwood Lakes ranks as the #4,363 cheapest out of 6,412 in the US.
The median home value in Westwood Lakes is $372,000.
The median income in Westwood Lakes is $74,849.
Table Of Contents
Westwood Lakes's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Westwood Lakes, FL?
According to the most recent data on the cost of living, Westwood Lakes has an overall cost of living index of 113, which is 1.1x higher than the national index of 100.
Compared to Florida, Westwood Lakes has a cost of living index that's 1.1x higher than Florida's index of 101.
The standard of living in Westwood Lakes ranks as #369 most affordable out of the 459 places we measured in Florida. By definition, that implies Westwood Lakes ranks as the #90 most expensive place in the Sunshine State.
For more reading on life in Westwood Lakes, check out:
- Living In Westwood Lakes
- Search Homes For Sale In Westwood Lakes, FL
In Florida
In America
Westwood Lakes Cost Of Living Vs. Florida
Six factors go into calculating the cost of living index in Westwood Lakes. Here is how it fairs on each of the criteria:
The Services index in Westwood Lakes is 102.
The Groceries index in Westwood Lakes is 119.
The Health index in Westwood Lakes is 106.
The Housing index in Westwood Lakes is 136.
The Transportation index in Westwood Lakes is 108.
The Utilities index in Westwood Lakes is 101.
| Living Expense | Westwood Lakes | Florida | National Average | |
|---|---|---|---|---|
| Overall | 113 | 101 | 100 | |
| Services | 102 | 98 | 100 | |
| Groceries | 119 | 101 | 100 | |
| Health | 106 | 96 | 100 | |
| Housing | 136 | 108 | 100 | |
| Transportation | 108 | 98 | 100 | |
| Utilities | 101 | 100 | 100 | |
Westwood 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 Westwood Lakes is $372,000.
The Median Rent in Westwood Lakes is $2,017.
The Median Income in Westwood Lakes is $74,849.
The Home Value To Income in Westwood Lakes is 5.0x.
The Rent To Monthly Income in Westwood Lakes is 0.32x.
| Statistic | Westwood Lakes | Florida | United States |
|---|---|---|---|
| Median Home Value | $372,000 | $248,700 | $244,900 |
| Median Rent | $2,017 | $1,301 | $1,163 |
| Median Income | $74,849 | $61,777 | $69,021 |
| Home Value To Income | 5.0x | 4.0x | 3.5x |
| Rent To Monthly Income | 0.32x | 0.25x | 0.2x |
Median Home Value
Median Rent
Median Income
Westwood Lakes, FL Costs By Category
Detailed Westwood Lakes Services Costs Vs. Florida
| Item | Westwood 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 Westwood Lakes Groceries Costs Vs. Florida
| Item | Westwood 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 Westwood Lakes Health Costs Vs. Florida
| Item | Westwood Lakes | Florida |
|---|---|---|
| Optometrist | $105.63 | $108.57 |
| Doctor | $111.06 | $116.17 |
| Dentist | $107.78 | $99.13 |
Detailed Westwood Lakes Transportation Costs Vs. Florida
| Item | Westwood Lakes | Florida |
|---|---|---|
| Gasoline | $2.24 | $2.22 |
| Tire Balancing | $60.69 | $50.07 |
Detailed Westwood Lakes Utilities Costs Vs. Florida
| Item | Westwood Lakes | Florida |
|---|---|---|
| All Electricity | $162.18 | $167.67 |
| Phone | $188.17 | $175.64 |
Westwood Lakes SnackAbility
/10
Cost Of Living In Cities Around Westwood Lakes
The cost of living varies in the cities and towns around Westwood 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 Westwood Lakes.
Fountainebleau, FL has a cost of living index of 103, 0.9x Westwood Lakes.
Tamiami, FL has a cost of living index of 116, 1.0x Westwood Lakes.
| City | Population | Cost Of Living | Vs. Westwood Lakes |
|---|---|---|---|
| Kendall, FL | 78,007 | 123 | 1.1x |
| Fountainebleau, FL | 57,957 | 103 | 0.9x |
| Tamiami, FL | 54,525 | 116 | 1.0x |
| Westchester, FL | 54,238 | 116 | 1.0x |
| Kendale Lakes, FL | 53,392 | 108 | 1.0x |
| Coral Gables, FL | 49,269 | 164 | 1.5x |
| Richmond West, FL | 37,626 | 117 | 1.0x |
| Miami Lakes, FL | 30,582 | 125 | 1.1x |
| Coral Terrace, FL | 25,869 | 117 | 1.0x |
| The Crossings, FL | 22,382 | 116 | 1.0x |
