Lady Lake cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
IndexLady LakeFloridaNational
Cost of living index93100100
IndexLady LakeFloridaNational
Goods & Services index98101100
Groceries index107105100
Health care index9697100
Housing index7795100
Transportation index103105100
Utilities index91102100
An overview of the general cost of living index for Lady Lake, FL is displayed above for your reference. Residents in Lady Lake, FL enjoy a cost of living index of 93. This index is 7% lower than the Florida average, and 7% lower than the national average. The following categories are used when determining the cost of living index for any given city: health care (5%), transportation (9%), utilities (10%), groceries (13%), housing (30%), and goods/services (33%). Clearly, housing and goods/services make up the majority of the formula for calculating the cost of living index. Because of this, the general cost of living for any given area can be estimated by looking at the cost of everyday goods in that area. For those living in Lady Lake, FL, the average cost of goods and services is 3% lower than it is in Florida, and it is 2% lower than the national average.

Did you know?

  • The cost of living in Lady Lake is 7% lower than the Florida average.
  • The cost of living in Lady Lake is 7% lower than the national average.
  • The cost of housing in Lady Lake is 23% lower than the national average.
  • Florida general sales tax is 18% higher than the national average.
  • Florida state income tax is 100% lower than the national average.

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Compare Lady Lake, FL Cost of living To Other Cities

Salary Calculator

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Use the salary calculator to compare your current salary in Lady Lake, FL to any other city. The salary calculator will tell you how much you would need to earn in any given city to maintain the same standard of living based on the cost of living in each city. For example, if the cost of living in the city you are looking to relocate to is higher than the cost of living in Lady Lake, FL, then you would need to earn more income in order to maintain the same standard of living. To use the Lady Lake, FL salary calculator, simply enter in the name of the new city, then adjust the slider to your current income. The salary calculator will do the rest and let you know if you need to earn more or less in the new city. You will also see a complete breakdown of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$41,338$3,445$964$1,240
Renters$32,586$2,716$760$978
A good way to judge both the affordability of the housing and the cost of living is by simply calculating the maximum that a person should spend on housing in Lady Lake, FL, otherwise known as the debt-to-income ratio (DTI). The safest way to live in the city is to avoid spending more than 28 percent of the gross income that one earns on costs that pertain to housing and no more than 36 percent on all expenses and debts. Lady Lake, FL has a median income of about $41,338 for people who own homes. Based on that number, a person should spend a maximum of $964 on expenses related to housing. Renters have a slightly different median income, which is $32,586. Based on this average, renters should spend no more than $760 on all of their rental costs if they want to maintain a non-impoverished standard of living.

Florida Sales Tax

StateGeneral Sales TaxWith Max Surtax
Florida6%7.5%

Florida Income Tax

StateIncome Tax (Low)Income Tax (High)
Florida0%0%
When you are determining the total cost of living in Lady Lake, FL you will want to make sure you consider both the Florida sales tax and the Florida income tax rates. Sales tax come in the form of taxes levied on both services and goods that are sold. The sales tax rates are different state to state and range from zero sales tax to higher than 7%. The sales tax in Florida is 6%, with the highest surtax being 7.5%. Tax that is on income by the government is income tax. Different states have different income tax rates and these rates can be higher or lower dependent on the corresponding tax bracket. The state income tax rates are different state to state and range from no income tax to more than 9% income tax. The income tax rates in Florida have a range from 0% to 0%.

Goods & Services

ItemLady LakeNational avg.Difference
Haircut $13.83$14.595.2%
Beauty Salon $41.14$34.6818.6%
Toothpaste $3.11$2.4725.7%
Shampoo $0.94$1.028.0%
Movie $10.40$9.875.4%
Bowling $4.78$4.398.8%

Groceries

ItemLady LakeNational avg.Difference
Ground Beef $4.76$4.486.3%
Fried Chicken $1.49$1.461.8%
Milk $2.76$2.3617.1%
Potatoes $3.61$3.0617.9%
Pizza $10.11$9.249.4%
Beer $8.51$8.631.4%

Health Care

ItemLady LakeNational avg.Difference
Optometrist $65.50$99.7834.4%
Doctor $88.80$105.0315.5%
Dentist $88.80$88.700.1%
Ibuprofen $9.98$9.416.0%
Lipitor $314.74$298.505.4%

Housing

ItemLady LakeNational avg.Difference
Home Price $119,700.00$175,700.0031.9%
Avg. Mortgage Payment $1,021.34$1,081.035.5%
Apartment Rent $905.00$920.001.6%

Transportation

ItemLady LakeNational avg.Difference
Gasoline $2.14$2.092.5%
Tire Balancing $47.37$45.294.6%

Utilities

ItemLady LakeNational avg.Difference
All Electricity$178.86$170.804.7%
Phone $20.01$28.2629.2%
Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City, StatePopulationCost of Living IndexNational Avg.
Okahumpka, FL4099-1%
Lisbon, FL10872-28%
Coleman, FL64885-15%
Silver Springs Shores, FL6,55186-14%
Astatula, FL1,73687-13%
Lady Lake, FL14,13893-7%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Brooklyn Park, MD14,1361044%
Pottsville, PA14,13687-13%
Whitefish Bay, WI14,13211919%
Rocky Point, NY14,14513434%
Maumee, OH14,14892-8%
Lady Lake, FL14,13893-7%
Source: The Lady Lake, FL cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.