Lakeland 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.
IndexLakelandNew YorkNational
Cost of living index95120100
IndexLakelandNew YorkNational
Goods & Services index100110100
Groceries index105105100
Health care index10099100
Housing index83149100
Transportation index109111100
Utilities index79102100

Did you know?

  • The cost of living in Lakeland is 21% lower than the New York average.
  • The cost of living in Lakeland is 5% lower than the national average.
  • The cost of housing in Lakeland is 17% lower than the national average.
  • New York general sales tax is 21% lower than the national average.
  • New York state income tax is 80% higher than the national average.

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Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$63,477$5,290$1,481$1,905
Renters$25,337$2,111$591$760

New York Sales Tax

StateGeneral Sales TaxWith Max Surtax
New York4%8.875%

New York Income Tax

StateIncome Tax (Low)Income Tax (High)
New York4%8.82%

Goods & Services

ItemLakelandNational avg.Difference
Haircut $15.67$15.560.7%
Beauty Salon $38.39$36.116.3%
Toothpaste $2.27$2.478.1%
Shampoo $1.15$0.9619.2%
Movie $12.75$10.1325.9%
Bowling $4.50$4.745.0%

Groceries

ItemLakelandNational avg.Difference
Ground Beef $4.19$3.985.2%
Fried Chicken $1.36$1.413.1%
Milk $2.09$2.061.1%
Potatoes $3.18$2.986.5%
Pizza $10.82$9.4714.3%
Beer $8.47$8.793.7%

Health Care

ItemLakelandNational avg.Difference
Optometrist $110.00$101.048.9%
Doctor $124.00$107.4415.4%
Dentist $79.67$90.4211.9%
Ibuprofen $9.80$9.285.6%
Lipitor $417.18$426.502.2%

Housing

ItemLakelandNational avg.Difference
Home Price $124,200.00$175,700.0029.3%
Avg. Mortgage Payment $1,237.17$1,133.239.2%
Apartment Rent $1,034.00$920.0012.4%

Transportation

ItemLakelandNational avg.Difference
Gasoline $2.20$1.9910.2%
Tire Balancing $48.49$45.766.0%

Utilities

ItemLakelandNational avg.Difference
All Electricity$140.56$163.8114.2%
Phone $19.99$28.3929.6%
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.
Sand Ridge, NY84583-17%
Seneca Knolls, NY1,93684-16%
Bridgeport, NY1,58389-11%
Fulton, NY11,78685-15%
Phoenix, NY2,49790-10%
Lakeland, NY2,58095-5%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Peapack and Gladstone, NJ2,58017979%
Harlem, FL2,58085-15%
Rock Rapids, IA2,57986-14%
Tool, TX2,58193-7%
Sylva, NC2,58193-7%
Lakeland, NY2,58095-5%
Source: The Lakeland, NY cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.