Lakeland Highlands, FL Cost Of Living
Cost Of Living In Lakeland Highlands, FL Summary
Cost of living in Lakeland Highlands 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 Lakeland Highlands 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 Lakeland Highlands is 105, with 100 being the average.
The cost of living index in Lakeland Highlands is 1.1x higher than the national average.
Lakeland Highlands ranks as the #317 cheapest in Florida out of 459.
Lakeland Highlands ranks as the #3,676 cheapest out of 6,412 in the US.
The median home value in Lakeland Highlands is $289,900.
The median income in Lakeland Highlands is $94,848.
Table Of Contents
Lakeland Highlands's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Lakeland Highlands, FL?
According to the most recent data on the cost of living, Lakeland Highlands has an overall cost of living index of 105, which is 1.1x higher than the national index of 100.
Compared to Florida, Lakeland Highlands has a cost of living index that's 1.0x higher than Florida's index of 101.
The standard of living in Lakeland Highlands ranks as #317 most affordable out of the 459 places we measured in Florida. By definition, that implies Lakeland Highlands ranks as the #142 most expensive place in the Sunshine State.
For more reading on life in Lakeland Highlands, check out:
- Living In Lakeland Highlands
- Search Homes For Sale In Lakeland Highlands, FL
In Florida
In America
Lakeland Highlands Cost Of Living Vs. Florida
Six factors go into calculating the cost of living index in Lakeland Highlands. Here is how it fairs on each of the criteria:
The Services index in Lakeland Highlands is 99.
The Groceries index in Lakeland Highlands is 106.
The Health index in Lakeland Highlands is 99.
The Housing index in Lakeland Highlands is 121.
The Transportation index in Lakeland Highlands is 101.
The Utilities index in Lakeland Highlands is 99.
| Living Expense | Lakeland Highlands | Florida | National Average | |
|---|---|---|---|---|
| Overall | 105 | 101 | 100 | |
| Services | 99 | 98 | 100 | |
| Groceries | 106 | 101 | 100 | |
| Health | 99 | 96 | 100 | |
| Housing | 121 | 108 | 100 | |
| Transportation | 101 | 98 | 100 | |
| Utilities | 99 | 100 | 100 | |
Lakeland Highlands, 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 Lakeland Highlands is $289,900.
The Median Rent in Lakeland Highlands is $1,499.
The Median Income in Lakeland Highlands is $94,848.
The Home Value To Income in Lakeland Highlands is 3.1x.
The Rent To Monthly Income in Lakeland Highlands is 0.19x.
| Statistic | Lakeland Highlands | Florida | United States |
|---|---|---|---|
| Median Home Value | $289,900 | $248,700 | $244,900 |
| Median Rent | $1,499 | $1,301 | $1,163 |
| Median Income | $94,848 | $61,777 | $69,021 |
| Home Value To Income | 3.1x | 4.0x | 3.5x |
| Rent To Monthly Income | 0.19x | 0.25x | 0.2x |
Median Home Value
Median Rent
Median Income
Lakeland Highlands, FL Costs By Category
Detailed Lakeland Highlands Services Costs Vs. Florida
| Item | Lakeland Highlands | Florida |
|---|---|---|
| Shampoo | $1.04 | $1.06 |
| Movie | $12.72 | $10.68 |
| Bowling | $16.33 | $14.67 |
| Haircut | $15.08 | $18.62 |
| Beauty Salon | $37.26 | $39.05 |
Detailed Lakeland Highlands Groceries Costs Vs. Florida
| Item | Lakeland Highlands | Florida |
|---|---|---|
| Ground Beef | $5.29 | $4.22 |
| Fried Chicken | $1.74 | $1.39 |
| Milk | $2.66 | $2.05 |
| Potatoes | $3.51 | $3.29 |
| Pizza | $10.25 | $10.62 |
| Beer | $10.69 | $9.38 |
| Toothpaste | $2.82 | $2.34 |
Detailed Lakeland Highlands Health Costs Vs. Florida
| Item | Lakeland Highlands | Florida |
|---|---|---|
| Optometrist | $99.12 | $108.57 |
| Doctor | $99.22 | $116.17 |
| Dentist | $105.57 | $99.13 |
Detailed Lakeland Highlands Transportation Costs Vs. Florida
| Item | Lakeland Highlands | Florida |
|---|---|---|
| Gasoline | $2.11 | $2.22 |
| Tire Balancing | $55.26 | $50.07 |
Detailed Lakeland Highlands Utilities Costs Vs. Florida
| Item | Lakeland Highlands | Florida |
|---|---|---|
| All Electricity | $165.98 | $167.67 |
| Phone | $189.52 | $175.64 |
Lakeland Highlands SnackAbility
/10
Cost Of Living In Cities Around Lakeland Highlands
The cost of living varies in the cities and towns around Lakeland Highlands. Here's a quick look at the cost of living in the most populous nearby places:
Lakeland, FL has a cost of living index of 90, 0.9x Lakeland Highlands.
Winter Haven, FL has a cost of living index of 89, 0.8x Lakeland Highlands.
Valrico, FL has a cost of living index of 106, 1.0x Lakeland Highlands.
| City | Population | Cost Of Living | Vs. Lakeland Highlands |
|---|---|---|---|
| Lakeland, FL | 110,401 | 90 | 0.9x |
| Winter Haven, FL | 48,707 | 89 | 0.8x |
| Valrico, FL | 39,632 | 106 | 1.0x |
| Bloomingdale, FL | 25,042 | 105 | 1.0x |
| Fish Hawk, FL | 24,463 | 122 | 1.2x |
| Bartow, FL | 18,880 | 90 | 0.9x |
| Auburndale, FL | 15,704 | 90 | 0.9x |
| Medulla, FL | 11,493 | 93 | 0.9x |
| Fuller Heights, FL | 11,106 | 95 | 0.9x |
| Highland, IL | 10,215 | 88 | 0.8x |
