Lauderdale Lakes, FL Cost Of Living
Cost Of Living In Lauderdale Lakes, FL Summary
Cost of living in Lauderdale 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 Lauderdale 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 Lauderdale Lakes is 94, with 100 being the average.
The cost of living index in Lauderdale Lakes is 0.9x lower than the national average.
Lauderdale Lakes ranks as the #142 cheapest in Florida out of 459.
Lauderdale Lakes ranks as the #2,290 cheapest out of 6,412 in the US.
The median home value in Lauderdale Lakes is $160,300.
The median income in Lauderdale Lakes is $40,217.
Table Of Contents
Lauderdale Lakes's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Lauderdale Lakes, FL?
According to the most recent data on the cost of living, Lauderdale Lakes has an overall cost of living index of 94, which is 0.9x lower than the national index of 100.
Compared to Florida, Lauderdale Lakes has a cost of living index that's 0.9x lower than Florida's index of 101.
The standard of living in Lauderdale Lakes ranks as #142 most affordable out of the 459 places we measured in Florida. By definition, that implies Lauderdale Lakes ranks as the #317 most expensive place in the Sunshine State.
For more reading on life in Lauderdale Lakes, check out:
- Living In Lauderdale Lakes
- Lauderdale Lakes Crime Report
- Search Homes For Sale In Lauderdale Lakes, FL
In Florida
In America
Lauderdale Lakes Cost Of Living Vs. Florida
Six factors go into calculating the cost of living index in Lauderdale Lakes. Here is how it fairs on each of the criteria:
The Services index in Lauderdale Lakes is 99.
The Groceries index in Lauderdale Lakes is 119.
The Health index in Lauderdale Lakes is 104.
The Housing index in Lauderdale Lakes is 68.
The Transportation index in Lauderdale Lakes is 108.
The Utilities index in Lauderdale Lakes is 98.
| Living Expense | Lauderdale Lakes | Florida | National Average | |
|---|---|---|---|---|
| Overall | 94 | 101 | 100 | |
| Services | 99 | 98 | 100 | |
| Groceries | 119 | 101 | 100 | |
| Health | 104 | 96 | 100 | |
| Housing | 68 | 108 | 100 | |
| Transportation | 108 | 98 | 100 | |
| Utilities | 98 | 100 | 100 | |
Lauderdale 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 Lauderdale Lakes is $160,300.
The Median Rent in Lauderdale Lakes is $1,245.
The Median Income in Lauderdale Lakes is $40,217.
The Home Value To Income in Lauderdale Lakes is 4.0x.
The Rent To Monthly Income in Lauderdale Lakes is 0.37x.
| Statistic | Lauderdale Lakes | Florida | United States |
|---|---|---|---|
| Median Home Value | $160,300 | $248,700 | $244,900 |
| Median Rent | $1,245 | $1,301 | $1,163 |
| Median Income | $40,217 | $61,777 | $69,021 |
| Home Value To Income | 4.0x | 4.0x | 3.5x |
| Rent To Monthly Income | 0.37x | 0.25x | 0.2x |
Median Home Value
Median Rent
Median Income
Lauderdale Lakes, FL Costs By Category
Detailed Lauderdale Lakes Services Costs Vs. Florida
| Item | Lauderdale Lakes | Florida |
|---|---|---|
| Shampoo | $1.07 | $1.06 |
| Movie | $11.82 | $10.68 |
| Bowling | $20.88 | $14.67 |
| Haircut | $14.47 | $18.62 |
| Beauty Salon | $65.03 | $39.05 |
Detailed Lauderdale Lakes Groceries Costs Vs. Florida
| Item | Lauderdale Lakes | Florida |
|---|---|---|
| Ground Beef | $4.66 | $4.22 |
| Fried Chicken | $1.62 | $1.39 |
| Milk | $2.96 | $2.05 |
| Potatoes | $4.99 | $3.29 |
| Pizza | $8.99 | $10.62 |
| Beer | $10.84 | $9.38 |
| Toothpaste | $2.04 | $2.34 |
Detailed Lauderdale Lakes Health Costs Vs. Florida
| Item | Lauderdale Lakes | Florida |
|---|---|---|
| Optometrist | $135.56 | $108.57 |
| Doctor | $102.25 | $116.17 |
| Dentist | $106.04 | $99.13 |
Detailed Lauderdale Lakes Transportation Costs Vs. Florida
| Item | Lauderdale Lakes | Florida |
|---|---|---|
| Gasoline | $2.24 | $2.22 |
| Tire Balancing | $63.76 | $50.07 |
Detailed Lauderdale Lakes Utilities Costs Vs. Florida
| Item | Lauderdale Lakes | Florida |
|---|---|---|
| All Electricity | $162.2 | $167.67 |
| Phone | $188.17 | $175.64 |
Lauderdale Lakes SnackAbility
/10
Cost Of Living In Cities Around Lauderdale Lakes
The cost of living varies in the cities and towns around Lauderdale Lakes. Here's a quick look at the cost of living in the most populous nearby places:
Fort Lauderdale, FL has a cost of living index of 113, 1.2x Lauderdale Lakes.
Pembroke Pines, FL has a cost of living index of 113, 1.2x Lauderdale Lakes.
Coral Springs, FL has a cost of living index of 121, 1.3x Lauderdale Lakes.
| City | Population | Cost Of Living | Vs. Lauderdale Lakes |
|---|---|---|---|
| Fort Lauderdale, FL | 182,247 | 113 | 1.2x |
| Pembroke Pines, FL | 170,346 | 113 | 1.2x |
| Coral Springs, FL | 133,693 | 121 | 1.3x |
| Davie, FL | 104,782 | 111 | 1.2x |
| Sunrise, FL | 96,220 | 102 | 1.1x |
| Boca Raton, FL | 95,347 | 128 | 1.4x |
| Lauderhill, FL | 73,935 | 96 | 1.0x |
| Weston, FL | 68,148 | 137 | 1.5x |
| Coconut Creek, FL | 57,553 | 103 | 1.1x |
| North Lauderdale, FL | 44,579 | 96 | 1.0x |
