Lake Lorraine, FL Cost Of Living
Cost Of Living In Lake Lorraine, FL Summary
Cost of living in Lake Lorraine 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 Lake Lorraine 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 Lake Lorraine is 109, with 100 being the average.
The cost of living index in Lake Lorraine is 1.1x higher than the national average.
Lake Lorraine ranks as the #346 cheapest in Florida out of 459.
Lake Lorraine ranks as the #4,038 cheapest out of 6,412 in the US.
The median home value in Lake Lorraine is $311,200.
The median income in Lake Lorraine is $85,556.
Table Of Contents
Lake Lorraine's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Lake Lorraine, FL?
According to the most recent data on the cost of living, Lake Lorraine has an overall cost of living index of 109, which is 1.1x higher than the national index of 100.
Compared to Florida, Lake Lorraine has a cost of living index that's 1.1x higher than Florida's index of 101.
The standard of living in Lake Lorraine ranks as #346 most affordable out of the 459 places we measured in Florida. By definition, that implies Lake Lorraine ranks as the #113 most expensive place in the Sunshine State.
For more reading on life in Lake Lorraine, check out:
- Living In Lake Lorraine
- Search Homes For Sale In Lake Lorraine, FL
In Florida
In America
Lake Lorraine Cost Of Living Vs. Florida
Six factors go into calculating the cost of living index in Lake Lorraine. Here is how it fairs on each of the criteria:
The Services index in Lake Lorraine is 95.
The Groceries index in Lake Lorraine is 97.
The Health index in Lake Lorraine is 94.
The Housing index in Lake Lorraine is 127.
The Transportation index in Lake Lorraine is 97.
The Utilities index in Lake Lorraine is 121.
| Living Expense | Lake Lorraine | Florida | National Average | |
|---|---|---|---|---|
| Overall | 109 | 101 | 100 | |
| Services | 95 | 98 | 100 | |
| Groceries | 97 | 101 | 100 | |
| Health | 94 | 96 | 100 | |
| Housing | 127 | 108 | 100 | |
| Transportation | 97 | 98 | 100 | |
| Utilities | 121 | 100 | 100 | |
Lake Lorraine, 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 Lake Lorraine is $311,200.
The Median Rent in Lake Lorraine is $1,430.
The Median Income in Lake Lorraine is $85,556.
The Home Value To Income in Lake Lorraine is 3.6x.
The Rent To Monthly Income in Lake Lorraine is 0.2x.
| Statistic | Lake Lorraine | Florida | United States |
|---|---|---|---|
| Median Home Value | $311,200 | $248,700 | $244,900 |
| Median Rent | $1,430 | $1,301 | $1,163 |
| Median Income | $85,556 | $61,777 | $69,021 |
| Home Value To Income | 3.6x | 4.0x | 3.5x |
| Rent To Monthly Income | 0.2x | 0.25x | 0.2x |
Median Home Value
Median Rent
Median Income
Lake Lorraine, FL Costs By Category
Detailed Lake Lorraine Services Costs Vs. Florida
| Item | Lake Lorraine | Florida |
|---|---|---|
| Shampoo | $0.91 | $1.06 |
| Movie | $10.11 | $10.68 |
| Bowling | $13.56 | $14.67 |
| Haircut | $20.99 | $18.62 |
| Beauty Salon | $40.18 | $39.05 |
Detailed Lake Lorraine Groceries Costs Vs. Florida
| Item | Lake Lorraine | Florida |
|---|---|---|
| Ground Beef | $4.78 | $4.22 |
| Fried Chicken | $1.12 | $1.39 |
| Milk | $2.74 | $2.05 |
| Potatoes | $4.2 | $3.29 |
| Pizza | $10.82 | $10.62 |
| Beer | $10.29 | $9.38 |
| Toothpaste | $2.54 | $2.34 |
Detailed Lake Lorraine Health Costs Vs. Florida
| Item | Lake Lorraine | Florida |
|---|---|---|
| Optometrist | $67.63 | $108.57 |
| Doctor | $93.0 | $116.17 |
| Dentist | $100.33 | $99.13 |
Detailed Lake Lorraine Transportation Costs Vs. Florida
| Item | Lake Lorraine | Florida |
|---|---|---|
| Gasoline | $2.29 | $2.22 |
| Tire Balancing | $40.98 | $50.07 |
Detailed Lake Lorraine Utilities Costs Vs. Florida
| Item | Lake Lorraine | Florida |
|---|---|---|
| All Electricity | $223.75 | $167.67 |
| Phone | $188.77 | $175.64 |
Lake Lorraine SnackAbility
/10
Cost Of Living In Cities Around Lake Lorraine
The cost of living varies in the cities and towns around Lake Lorraine. Here's a quick look at the cost of living in the most populous nearby places:
Navarre, FL has a cost of living index of 104, 1.0x Lake Lorraine.
Wright, FL has a cost of living index of 97, 0.9x Lake Lorraine.
Fort Walton Beach, FL has a cost of living index of 96, 0.9x Lake Lorraine.
| City | Population | Cost Of Living | Vs. Lake Lorraine |
|---|---|---|---|
| Navarre, FL | 38,994 | 104 | 1.0x |
| Wright, FL | 24,814 | 97 | 0.9x |
| Fort Walton Beach, FL | 20,805 | 96 | 0.9x |
| Niceville, FL | 15,532 | 103 | 0.9x |
| Destin, FL | 13,751 | 113 | 1.0x |
