Lake Mary, FL Cost Of Living
Cost Of Living In Lake Mary, FL Summary
Cost of living in Lake Mary 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 Mary 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 Mary is 111, with 100 being the average.
The cost of living index in Lake Mary is 1.1x higher than the national average.
Lake Mary ranks as the #359 cheapest in Florida out of 459.
Lake Mary ranks as the #4,219 cheapest out of 6,412 in the US.
The median home value in Lake Mary is $350,700.
The median income in Lake Mary is $94,770.
Table Of Contents
Lake Mary's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Lake Mary, FL?
According to the most recent data on the cost of living, Lake Mary has an overall cost of living index of 111, which is 1.1x higher than the national index of 100.
Compared to Florida, Lake Mary has a cost of living index that's 1.1x higher than Florida's index of 101.
The standard of living in Lake Mary ranks as #359 most affordable out of the 459 places we measured in Florida. By definition, that implies Lake Mary ranks as the #100 most expensive place in the Sunshine State.
For more reading on life in Lake Mary, check out:
- Living In Lake Mary
- Lake Mary Crime Report
- Search Homes For Sale In Lake Mary, FL
In Florida
In America
Lake Mary Cost Of Living Vs. Florida
Six factors go into calculating the cost of living index in Lake Mary. Here is how it fairs on each of the criteria:
The Services index in Lake Mary is 96.
The Groceries index in Lake Mary is 101.
The Health index in Lake Mary is 93.
The Housing index in Lake Mary is 151.
The Transportation index in Lake Mary is 95.
The Utilities index in Lake Mary is 99.
| Living Expense | Lake Mary | Florida | National Average | |
|---|---|---|---|---|
| Overall | 111 | 101 | 100 | |
| Services | 96 | 98 | 100 | |
| Groceries | 101 | 101 | 100 | |
| Health | 93 | 96 | 100 | |
| Housing | 151 | 108 | 100 | |
| Transportation | 95 | 98 | 100 | |
| Utilities | 99 | 100 | 100 | |
Lake Mary, 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 Mary is $350,700.
The Median Rent in Lake Mary is $1,718.
The Median Income in Lake Mary is $94,770.
The Home Value To Income in Lake Mary is 3.7x.
The Rent To Monthly Income in Lake Mary is 0.22x.
| Statistic | Lake Mary | Florida | United States |
|---|---|---|---|
| Median Home Value | $350,700 | $248,700 | $244,900 |
| Median Rent | $1,718 | $1,301 | $1,163 |
| Median Income | $94,770 | $61,777 | $69,021 |
| Home Value To Income | 3.7x | 4.0x | 3.5x |
| Rent To Monthly Income | 0.22x | 0.25x | 0.2x |
Median Home Value
Median Rent
Median Income
Lake Mary, FL Costs By Category
Detailed Lake Mary Services Costs Vs. Florida
Detailed Lake Mary Groceries Costs Vs. Florida
Detailed Lake Mary Health Costs Vs. Florida
Detailed Lake Mary Transportation Costs Vs. Florida
Detailed Lake Mary Utilities Costs Vs. Florida
Lake Mary SnackAbility
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Cost Of Living In Cities Around Lake Mary
The cost of living varies in the cities and towns around Lake Mary. Here's a quick look at the cost of living in the most populous nearby places:
Sanford, FL has a cost of living index of 90, 0.8x Lake Mary.
Apopka, FL has a cost of living index of 95, 0.9x Lake Mary.
Ocoee, FL has a cost of living index of 101, 0.9x Lake Mary.
| City | Population | Cost Of Living | Vs. Lake Mary |
|---|---|---|---|
| Sanford, FL | 60,215 | 90 | 0.8x |
| Apopka, FL | 54,110 | 95 | 0.9x |
| Ocoee, FL | 46,562 | 101 | 0.9x |
| Altamonte Springs, FL | 45,732 | 94 | 0.8x |
| Oviedo, FL | 39,405 | 106 | 1.0x |
| Winter Springs, FL | 38,021 | 100 | 0.9x |
| Winter Park, FL | 29,672 | 117 | 1.1x |
| Casselberry, FL | 28,750 | 90 | 0.8x |
| Wekiwa Springs, FL | 24,049 | 108 | 1.0x |
| DeBary, FL | 22,015 | 95 | 0.9x |
