Lake Park, Georgia Cost Of Living

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B

Overall 8%

Goods & Services 9%

Housing 20%

Date & Last Updated: This data reflects 2019 and was released from C2ER in January, 2020; 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	Lake Park	Georgia	National
Cost of living	92	94	100
Goods & Services	92	97	100
Groceries	105	99	100
Health care	100	97	100
Housing	80	86	100
Transportation	101	97	100
Utilities	97	93	100

Key findings

The cost of living in Lake Park is 2% lower than the Georgia average
The cost of living in Lake Park is 8% lower than the national average
Lake Park housing is 20% lower than the national average
Georgia general sales tax is 21% lower than the national average
Georgia state income tax is 59% lower than the national average

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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	$53,125	$4,427	$1,240	$1,594
Renters	$24,083	$2,007	$562	$723

Georgia Sales Tax

State	General Sales Tax	With Max Surtax
Georgia	4%	8%

Georgia Income Tax

State	Income Tax (Low)	Income Tax (High)
Georgia	1%	5.75%

Goods & Services

Item	Lake Park	National avg.	Difference
Haircut	$13.50	$17.49	22.8%
Beauty Salon	$43.00	$38.17	12.7%
Toothpaste	$1.98	$2.32	14.7%
Shampoo	$1.00	$1.01	1.2%
Movie	$11.50	$10.72	7.2%
Bowling	$8.00	$13.86	42.3%

Groceries

Item	Lake Park	National avg.	Difference
Ground Beef	$4.68	$3.90	20.0%
Fried Chicken	$1.59	$1.40	13.9%
Milk	$2.48	$1.96	26.4%
Potatoes	$4.48	$3.18	40.7%
Pizza	$9.49	$10.39	8.7%
Beer	$8.66	$9.23	6.2%

Health Care

Item	Lake Park	National avg.	Difference
Optometrist	$113.00	$106.34	6.3%
Doctor	$117.50	$115.25	2.0%
Dentist	$90.67	$98.38	7.8%
Ibuprofen	$10.19	$9.26	10.0%
Lipitor	$498.86	$466.47	6.9%

Housing

Item	Lake Park	National avg.	Difference
Home Price	$160,100.00	$184,700.00	13.3%
Avg. Mortgage Payment	$1,027.06	$1,273.32	19.3%
Apartment Rent	$620.00	$949.00	34.7%

Transportation

Item	Lake Park	National avg.	Difference
Gasoline	$2.51	$2.59	3.3%
Tire Balancing	$54.98	$48.90	12.4%

Utilities

Item	Lake Park	National avg.	Difference
All Electricity	$160.47	$167.60	4.3%
Phone	$180.90	$163.42	10.7%

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.
Jennings, FL	590	78	-22%
Echols County, GA	4,025	80	-20%
Jasper, FL	4,207	82	-18%
Madison, FL	2,909	83	-17%
Remerton, GA	1,245	86	-14%
Lake Park, GA	905	92	-8%

Cities with similar population

City, State	Population	Cost of Living Index	National Avg.
Carrizozo, NM	905	81	-19%
Rushville, NE	905	80	-20%
Lemannville, LA	905	101	1%
Fouke, AR	905	77	-23%
Bentleyville, OH	905	163	63%
Lake Park, GA	905	92	-8%

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

Lake Park, GA Cost of Living

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