Cost of Living in Lake Placid, FL

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A+
8%
Overall NAT. AVG.
5%
Groceries NAT. AVG.
37%
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 Placid Florida National
Cost of living92102100
Groceries105102100
Health care105104100
Housing6397100
Transportation102103100
Utilities115110100
Lifestyle & Entertainment100104100
Household Items104102100
Education & Childcare103106100
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Homes For Sale In Lake Placid, FL

property for sale

284 Rainbow Dr

Lake Placid, FL
property for sale

117 Autumn Ter

Lake Placid, FL
property for sale

106 Taylor St

Lake Placid, FL
property for sale

53 Freedom Way

Lake Placid, FL

Cost Of Living Quick Facts

  • The cost of living in Lake Placid is 10% lower than the Florida average
  • The cost of living in Lake Placid is 8% lower than the national average
  • Lake Placid housing is 37% 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 Lake Placid

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Compare Lake Placid, 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
      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$66,605$5,550$1,554$1,998
      Renters$33,688$2,807$786$1,011

      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.
      Sebring, FL10,710918.9%
      Lake Placid, FL2,383927.9%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Jean Lafitte, LA2,383972.9%
      Johnsonburg, PA2,3838118.9%
      Tofino, BC2,383n/a 
      Surgoinsville, TN2,382909.9%
      Leonardo, NJ2,38412626.1%
      Lake Placid, FL2,383927.9%
      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.
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