Lauderdale Lakes 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.
IndexLauderdale LakesFloridaNational
Cost of living index9199100
IndexLauderdale LakesFloridaNational
Goods & Services index10299100
Groceries index101102100
Health care index9697100
Housing index6795100
Transportation index107100100
Utilities index99103100
An overview of the general cost of living index for Lauderdale Lakes, FL is displayed above for your reference. Residents in Lauderdale Lakes, FL enjoy a cost of living index of 91. This index is 8% lower than the Florida average, and 9% 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 Lauderdale Lakes, FL, the average cost of goods and services is 3% higher than it is in Florida, and it is 2% higher than the national average.

Did you know?

  • The cost of living in Lauderdale Lakes is 8% lower than the Florida average.
  • The cost of living in Lauderdale Lakes is 9% lower than the national average.
  • The cost of housing in Lauderdale Lakes is 33% 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 Lauderdale Lakes, FL Cost of living To Other Cities

Salary Calculator

This is how much you would need to earn in
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Health care index
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The salary calculator is meant to help you compare your salary in Lauderdale Lakes, FL to your potential earning power in another city. This can help you deduce what your salary would need to be in any given city in order for you to live the same lifestyle that you do in your current city. In other words, if you plan on moving to a city where the cost of living is higher than in Lauderdale Lakes, FL, you'll have to make more money in the new city in order to maintain the lifestyle you currently enjoy. To use the Lauderdale Lakes, FL salary calculator, simply input the new city, then move the adjustable slider to match your current income. Once you've selected your income, the calculator will determine if that income is sufficient to support your standard of living in the new city you entered. The calculator will also supply you with a rundown of living costs in the new city.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$37,411$3,118$873$1,122
Renters$25,139$2,095$587$754
The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Lauderdale Lakes, FL as well as the overall cost of living. As a general rule of thumb, the debt-to-income ratio (DTI) for homeowners or renters should be not more than 28 percent of gross income to be spent on housing related costs and not more than 36 percent of income on all expenses, including debts. The median income for Lauderdale Lakes, FL homeowners, is $37,411. This would allow for a maximum of $873 per month to be spent on housing costs. For renters, the median monthly income is $25,139 which would result in a maximum of $587 to be spent on rental costs.

Florida Sales Tax

StateGeneral Sales TaxWith Max Surtax
Florida6%7.5%

Florida Income Tax

StateIncome Tax (Low)Income Tax (High)
Florida0%0%
The Florida sales tax and Florida income tax rates should definitely be considered when determining the overall cost of living in Lauderdale Lakes, FL. Sales taxes are taxes that are imposed onto goods and services sold. Sales taxes do vary by state and can range from no tax at all to upwards of 7%. The Florida sales tax is 6% and the maximum surtax is 7.5%. Income tax is the tax imposed on income by the government. The income tax rates will vary by state and will also increase or decrease depending on the corresponding tax bracket. State income tax rates can range from anywhere from no tax at all to more than 9%. The Florida income tax rates range from 0% to 0%.

Goods & Services

ItemLauderdale LakesNational avg.Difference
Haircut $16.72$15.567.4%
Beauty Salon $55.45$36.1153.6%
Toothpaste $2.05$2.4717.1%
Shampoo $0.95$0.961.6%
Movie $11.23$10.1310.9%
Bowling $5.69$4.7420.2%

Groceries

ItemLauderdale LakesNational avg.Difference
Ground Beef $4.89$3.9822.8%
Fried Chicken $1.23$1.4112.8%
Milk $2.48$2.0620.2%
Potatoes $3.09$2.983.5%
Pizza $8.99$9.475.1%
Beer $10.16$8.7915.5%

Health Care

ItemLauderdale LakesNational avg.Difference
Optometrist $88.07$101.0412.8%
Doctor $83.34$107.4422.4%
Dentist $94.55$90.424.6%
Ibuprofen $11.13$9.2820.0%
Lipitor $408.84$426.504.1%

Housing

ItemLauderdale LakesNational avg.Difference
Home Price $87,000.00$175,700.0050.5%
Avg. Mortgage Payment $1,629.35$1,133.2343.8%
Apartment Rent $986.00$920.007.2%

Transportation

ItemLauderdale LakesNational avg.Difference
Gasoline $2.04$1.992.4%
Tire Balancing $54.00$45.7618.0%

Utilities

ItemLauderdale LakesNational avg.Difference
All Electricity$152.73$163.816.8%
Phone $30.33$28.396.9%
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.
Pembroke Park, FL6,22089-11%
Franklin Park, FL1,00090-10%
Lauderhill, FL69,08293-7%
Watergate, FL3,14293-7%
Washington Park, FL1,51494-6%
Lauderdale Lakes, FL33,71091-9%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Seaside, CA33,72914444%
Winter Springs, FL33,6731022%
La Vergne, TN33,63794-6%
Gahanna, OH33,78699-1%
Golden Glades, FL33,62098-2%
Lauderdale Lakes, FL33,71091-9%
Source: The Lauderdale Lakes, FL cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.