Lakewood Park, FL Cost Of Living

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

Cost Of Living In Lakewood Park, FL Summary

Cost of living in Lakewood Park 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 Lakewood Park 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 Lakewood Park is 89, with 100 being the average.

  • The cost of living index in Lakewood Park is 0.9x lower than the national average.

  • Lakewood Park ranks as the #72 cheapest in Florida out of 459.

  • Lakewood Park ranks as the #1,460 cheapest out of 6,412 in the US.

  • The median home value in Lakewood Park is $173,500.

  • The median income in Lakewood Park is $53,866.

Table Of Contents

  1. Summary
  2. National Comparison
  3. Housing Breakdown
  4. Detailed Pricing
  5. Nearby Comparisons
89
Lakewood Park's Overall Cost Of Living
0.9x
Lower Than The National Average

What is the cost of living in Lakewood Park, FL?

According to the most recent data on the cost of living, Lakewood Park has an overall cost of living index of 89, which is 0.9x lower than the national index of 100.

Compared to Florida, Lakewood Park has a cost of living index that's 0.9x lower than Florida's index of 101.

The standard of living in Lakewood Park ranks as #72 most affordable out of the 459 places we measured in Florida. By definition, that implies Lakewood Park ranks as the #387 most expensive place in the Sunshine State.

For more reading on life in Lakewood Park, check out:

72 out of 459
In Florida
1,460 out of 6,412
In America

Lakewood Park Cost Of Living Vs. Florida

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

  • The Services index in Lakewood Park is 99.

  • The Groceries index in Lakewood Park is 100.

  • The Health index in Lakewood Park is 111.

  • The Housing index in Lakewood Park is 65.

  • The Transportation index in Lakewood Park is 102.

  • The Utilities index in Lakewood Park is 115.

Living Expense Lakewood Park Florida National Average
Overall 89 101 100
Services 99 98 100
Groceries 100 101 100
Health 111 96 100
Housing 65 108 100
Transportation 102 98 100
Utilities 115 100 100
For more reading on cost of living around Florida, check out:
Lakewood Park Cost of Living Vs. FL

Lakewood Park, 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 Lakewood Park is $173,500.

  • The Median Rent in Lakewood Park is $1,040.

  • The Median Income in Lakewood Park is $53,866.

  • The Home Value To Income in Lakewood Park is 3.2x.

  • The Rent To Monthly Income in Lakewood Park is 0.23x.

Statistic Lakewood Park Florida United States
Median Home Value $173,500 $248,700 $244,900
Median Rent $1,040 $1,301 $1,163
Median Income $53,866 $61,777 $69,021
Home Value To Income 3.2x 4.0x 3.5x
Rent To Monthly Income 0.23x 0.25x 0.2x
Search Homes For Sale In Lakewood Park, FL
$173,500
Median Home Value
$1,040
Median Rent
$53,866
Median Income

Lakewood Park, FL Costs By Category

Detailed Lakewood Park Services Costs Vs. Florida

Item Lakewood Park Florida
Shampoo $0.98 $1.06
Movie $6.43 $10.68
Bowling $17.55 $14.67
Haircut $15.28 $18.62
Beauty Salon $45.42 $39.05

Detailed Lakewood Park Groceries Costs Vs. Florida

Item Lakewood Park Florida
Ground Beef $4.79 $4.22
Fried Chicken $1.63 $1.39
Milk $2.71 $2.05
Potatoes $3.94 $3.29
Pizza $9.99 $10.62
Beer $10.23 $9.38
Toothpaste $2.51 $2.34

Detailed Lakewood Park Health Costs Vs. Florida

Item Lakewood Park Florida
Optometrist $157.83 $108.57
Doctor $126.5 $116.17
Dentist $108.78 $99.13

Detailed Lakewood Park Transportation Costs Vs. Florida

Item Lakewood Park Florida
Gasoline $2.19 $2.22
Tire Balancing $51.86 $50.07

Detailed Lakewood Park Utilities Costs Vs. Florida

Item Lakewood Park Florida
All Electricity $208.89 $167.67
Phone $188.17 $175.64

Lakewood Park SnackAbility

6
/10
Overall SnackAbility
Jobs
7/10
Housing
8
Affordability
6
Diversity
8.5
Safety
N/A
Amenities
8.5
Education
5
Commute
5

Cost Of Living In Cities Around Lakewood Park

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

  • Port St. Lucie, FL has a cost of living index of 101, 1.1x Lakewood Park.

  • Fort Pierce, FL has a cost of living index of 90, 1.0x Lakewood Park.

  • Vero Beach South, FL has a cost of living index of 95, 1.1x Lakewood Park.

City Population Cost Of Living Vs. Lakewood Park
Port St. Lucie, FL 202,177 101 1.1x
Fort Pierce, FL 46,409 90 1.0x
Vero Beach South, FL 29,506 95 1.1x
Sebastian, FL 24,843 97 1.1x
Florida Ridge, FL 22,151 93 1.0x
Vero Beach, FL 16,254 106 1.2x
West Vero Corridor, FL 10,158 86 1.0x
Fort Pierce North, FL 7,027 89 1.0x

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