Cost Of Living in Lake Park, FL

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A-

10%

Overall NAT. AVG.

4%

Groceries NAT. AVG.

25%

Housing NAT. AVG.

Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.

The cost of living index is based on a national average of 100. For example, if the cost of living score is 90, then the estimated cost of living is 10% lower than the national average. If the score is 110, then the estimated cost of living is 10% higher than average. The overall index is calculated using weighted estimates across major everyday expense categories, including housing (30%), groceries (16%), transportation (12%), healthcare (10%), utilities (8%), lifestyle and entertainment (8%), household expenses (8%), and education and childcare (8%). All values are AI-assisted city-level estimates designed for directional comparisons.
Index	Lake Park	Florida	National
Cost of living	110	102	100
Groceries	104	102	100
Health care	105	104	100
Housing	125	97	100
Transportation	101	103	100
Utilities	107	110	100
Lifestyle & Entertainment	105	104	100
Household Items	101	102	100
Education & Childcare	104	106	100

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Homes For Sale In Lake Park, FL

301 Lake Shore Dr #801

West Palm Beach, FL

532 Foresteria Dr

West Palm Beach, FL

220 Lake Shore Dr #2109

Lake Park, FL

220 Lake Shore Dr #1207

Lake Park, FL

Cost Of Living Quick Facts

The cost of living in Lake Park is 8% higher than the Florida average
The cost of living in Lake Park is 10% higher than the national average
Lake Park housing is 25% higher 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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Price difference in compared to

Cost of living index
Groceries index
Health care index
Housing index
Transportation index
Utilities index
Lifestyle index
Household index
Educare index

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$117,100	$9,758	$2,732	$3,513
Renters	$57,431	$4,786	$1,340	$1,723

A good indicator of the general affordability of housing in Lake Park, FL, is the percentage of monthly income that should be spent on housing expenses, otherwise known as the debt-to-income ratio (DTI). Generally speaking, no more than 28 percent of your total gross income should be spent on your housing expenses and not more than 36 percent of your gross income on total expenses, including debts. In Lake Park, the median monthly income is $117,100 for those who own their own homes. Under the standard rule, that income level would allow for $2,732 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $57,431, per the median income in the area. That would allow for renters to spend up to $1,340 on monthly rental expenses.

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%

Nearby cities with low cost of living

City	Population	Cost of Living Index	National Avg.
Plantation Mobile Home Park, FL	1,699	87	12.6%
Mangonia Park, FL	2,301	98	2.5%
Lake Worth, FL	38,026	100	0.2%
Royal Palm Estates, FL	1,662	103	2.6%
Westgate, FL	10,229	102	2.3%
Lake Park, FL	8,814	110	10.1%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Helena Valley Southeast, MT	8,816	106	5.8%
New Square, NY	8,816	156	55.9%
Barre, VT	8,816	98	2.0%
Manteno, IL	8,817	102	2.0%
Independence, KS	8,817	82	18.0%
Lake Park, FL	8,814	110	10.1%