Lady Lake, FL Cost Of Living

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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.
Index	Lady Lake	Florida	National
Cost of living index	89	99	100
Index	Lady Lake	Florida	National
Goods & Services index	93	99	100
Groceries index	97	105	100
Health care index	89	100	100
Housing index	78	96	100
Transportation index	91	98	100
Utilities index	98	102	100

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 89. This index is 10% lower than the Florida average, and 11% 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 5% lower than it is in Florida, and it is 7% lower than the national average.

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Did you know?

The cost of living in Lady Lake is 10% lower than the Florida average.
The cost of living in Lady Lake is 11% lower than the national average.
The cost of housing in Lady Lake is 22% 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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Salary Calculator

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Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index

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 Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$43,170	$3,598	$1,007	$1,295
Renters	$32,386	$2,699	$756	$972

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 $43,170 for people who own homes. Based on that number, a person should spend a maximum of $1,007 on expenses related to housing. Renters have a slightly different median income, which is $32,386. Based on this average, renters should spend no more than $756 on all of their rental costs if they want to maintain a non-impoverished standard of living.

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%

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

Item	Lady Lake	National avg.	Difference
Haircut	$20.20	$17.49	15.5%
Beauty Salon	$44.00	$38.17	15.3%
Toothpaste	$1.62	$2.32	30.2%
Shampoo	$0.84	$1.01	17.0%
Movie	$11.39	$10.72	6.2%
Bowling	$14.14	$13.86	2.0%

Groceries

Item	Lady Lake	National avg.	Difference
Ground Beef	$4.73	$3.90	21.3%
Fried Chicken	$1.28	$1.40	8.3%
Milk	$2.04	$1.96	4.0%
Potatoes	$3.15	$3.18	1.0%
Pizza	$9.99	$10.39	3.9%
Beer	$9.99	$9.23	8.2%

Health Care

Item	Lady Lake	National avg.	Difference
Optometrist	$86.33	$106.34	18.8%
Doctor	$76.20	$115.25	33.9%
Dentist	$97.50	$98.38	0.9%
Ibuprofen	$9.09	$9.26	1.8%
Lipitor	$474.20	$466.47	1.7%

Housing

Item	Lady Lake	National avg.	Difference
Home Price	$129,100.00	$184,700.00	30.1%
Avg. Mortgage Payment	$985.05	$1,273.32	22.6%
Apartment Rent	$927.00	$949.00	2.3%

Transportation

Item	Lady Lake	National avg.	Difference
Gasoline	$2.46	$2.59	5.0%
Tire Balancing	$42.50	$48.90	13.1%

Utilities

Item	Lady Lake	National avg.	Difference
All Electricity	$161.23	$167.60	3.8%
Phone	$183.84	$163.42	12.5%

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, State	Population	Cost of Living Index	National Avg.
Okahumpka, FL	50	94	-6%
Lake Panasoffkee, FL	3,376	80	-20%
Coleman, FL	508	82	-18%
Silver Springs Shores, FL	7,929	88	-12%
Belleview, FL	4,689	88	-12%
Lady Lake, FL	14,501	89	-11%

Cities with similar population

City, State	Population	Cost of Living Index	National Avg.
Harrisburg, NC	14,500	112	12%
Phelan, CA	14,503	105	5%
Berea, SC	14,497	89	-11%
Graham, NC	14,506	90	-10%
Hollins, VA	14,488	93	-7%
Lady Lake, FL	14,501	89	-11%

Source: The Lady Lake, FL cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2019.

Lady Lake, FL Cost of Living