A+
6%
Overall NAT. AVG.
7%
Goods & Services NAT. AVG.
10%
Housing NAT. AVG.
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Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.
The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index East Lake-Orient Park Florida National
Cost of living9498100
Goods & Services9398100
Groceries10099100
Health care9296100
Housing9096100
Transportation10099100
Utilities9997100

An Overview of Cost of Living in East Lake-Orient Park, FL

Are you thinking about relocating, but curious about the potential cost of living in East Lake-Orient Park? Is it more expensive or more affordable than average? Based on the most recent report, the cost of living in East Lake-Orient Park stands at 94, making it 6% lower than the national average. The cost of living directly affects the affordability of one's desired lifestyle. Knowing the cost of housing, transportation, groceries and other essentials in the new area allows people to gauge whether they can maintain their preferred standard of living.

The cost of living in East Lake-Orient Park is about average when compared to all other cities across the nation. You can expect that everyday items like food, goods and services and utility bills will be no more expensive than any other average city. Residents can anticipate living expenses that remain in line with the national average, ensuring a manageable financial burden, making it an attractive choice for those seeking affordability without the constraints of higher everyday expenditures.

Is East Lake-Orient Park Affordable?

Is East Lake-Orient Park an affordable place to live? That's a valid question to ask when you're thinking about moving to a new city. After all, how much it costs to live somewhere can be a huge factor in your decision. Affordability can be broken down into 3 common categories. The cost of living index (we talked about it earlier), housing expenses and income levels all play a big role in figuring out if a place is affordable. For instance, in East Lake-Orient Park, the median home price is 21.2% lower than what most folks pay across the country, and monthly rent prices are 17.5% higher than the usual rates. Income levels in East Lake-Orient Park come in at $43,943, which is 20.6% lower than the national average.

What Factors can Influence the Cost of Living in East Lake-Orient Park?

Healthcare: Healthcare expenses and insurance premiums can vary significantly depending on the specific city or state. Factors such as accessibility to healthcare facilities, out-of-pocket expenses for doctor's visits, dental care expenses, prescription costs and specialized medical care fees can all influence the overall cost of living. In East Lake-Orient Park, healthcare costs are 8% lower than the national average.

Taxes: Cities that enforce higher taxes, covering both sales taxes and income taxes, can be a factor contributing to a higher cost of living. Paying more in taxes for everyday essentials like clothing and food inevitably leads to higher expenses. A higher income tax rate can further contribute to an overall elevated cost of living. In East Lake-Orient Park, the baseline sales tax rate begins at 6%, and income tax rates start at 0%.

Urbanization: Larger, urban hubs brimming with ample amenities and robust employment opportunities often showcase a heightened cost of living. This surge is primarily attributed to the amplified demand for services and increased residential migration, culminating in elevated home prices and elevated rental rates. Conversely, less densely populated rural locales or regions characterized by reduced demand tend to offer a more limited array of amenities and undergo slower job market growth, ultimately yielding a more affordable cost of living.

Where is the Data From?

The East Lake-Orient Park cost of living data you see above is sourced from the C2ER cost of living index, providing a practical and accurate means of comparing living expenses in urban areas. Updated quarterly, this index gathers data from over 300 independent researchers, covering more than 60 goods and services, in 6 different categories. These selections are made meticulously to represent a wide range of consumer expenditure categories. The weightings applied to cost differences are based on government survey data that tracks spending patterns among professional and executive households. It's important to note that while the C2ER index excludes data on sales or income tax rates, AreaVibes factors tax rates into the overall cost of living score for each region.

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Cost Of Living Quick Facts

  • The cost of living in East Lake-Orient Park is 3% lower than the Florida average
  • The cost of living in East Lake-Orient Park is 6% lower than the national average
  • East Lake-Orient Park housing is 10% 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

Most Affordable Places to Live in and Around East Lake-Orient Park

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Compare East Lake-Orient Park, FL Cost of Living

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      Salary Calculator

      This is how much you would need to earn in
      Price difference in compared to
      Cost of living index
      Goods & Services index
      Groceries index
      Health care index
      Housing index
      Transportation index
      Utilities index

      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$53,886$4,491$1,257$1,617
      Renters$37,456$3,121$874$1,124
      The percent of monthly income spent on housing can be a good indicator of the affordability of housing in East Lake-Orient Park, 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 East Lake-Orient Park homeowners, is $53,886. This would allow for a maximum of $1,257 per month to be spent on housing costs. For renters, the median monthly income is $37,456 which would result in a maximum of $874 to be spent on rental costs.

      Florida Sales Tax

      State General Sales Tax With Max Surtax
      Florida 6% 7.5%

      Florida Income Tax

      State Income Tax (Low) Income Tax (High)
      Florida 0% 0%

      Goods & Services

      Item East Lake-Orient Park National avg. Difference
      Haircut $15.67$24.2635.4%
      Beauty Salon $54.72$45.5620.1%
      Toothpaste $3.67$3.700.8%
      Shampoo $1.48$1.2815.3%
      Movie $8.61$12.1329.1%
      Bowling $19.67$18.009.3%

      Groceries

      Item East Lake-Orient Park National avg. Difference
      Ground Beef $6.06$5.843.8%
      Fried Chicken $1.48$1.575.7%
      Milk $4.56$4.672.3%
      Potatoes $5.34$4.938.1%
      Pizza $8.38$12.0930.6%
      Beer $10.69$10.412.6%

      Health Care

      Item East Lake-Orient Park National avg. Difference
      Optometrist $146.67$125.6816.7%
      Doctor $122.32$135.789.9%
      Dentist $103.33$113.298.8%
      Ibuprofen $10.74$10.650.8%
      Lipitor $523.90$468.6011.8%

      Housing

      Item East Lake-Orient Park National avg. Difference
      Home Price $145,600.00$184,700.0021.2%
      Avg. Mortgage Payment $1,846.50$2,346.6921.3%
      Apartment Rent $1,115.00$949.0017.5%

      Transportation

      Item East Lake-Orient Park National avg. Difference
      Gasoline $3.42$3.461.0%
      Tire Balancing $57.28$59.924.4%

      Utilities

      Item East Lake-Orient Park National avg. Difference
      All Electricity $219.66$193.9913.2%
      Phone $194.37$192.251.1%
      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 Population Cost of Living Index National Avg.
      Zephyrhills South, FL5,2487921.3%
      Crystal Springs, FL8728811.9%
      Dover, FL3,0989010.4%
      University CDP (Orange County), FL34,379927.5%
      Mango, FL11,638936.9%
      East Lake-Orient Park, FL29,750945.5%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Sanford, NC29,758918.8%
      Walnut, CA29,76419393.0%
      Parkersburg, WV29,7328415.9%
      Whitehorse, YT29,774n/a 
      Leamington, ON29,703n/a 
      East Lake-Orient Park, FL29,750945.5%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.