| Index | Three Lakes | Florida | National |
| Cost of living | 129 | 102 | 100 |
| Groceries | 104 | 102 | 100 |
| Health care | 105 | 104 | 100 |
| Housing | 188 | 97 | 100 |
| Transportation | 103 | 103 | 100 |
| Utilities | 111 | 110 | 100 |
| Lifestyle & Entertainment | 107 | 104 | 100 |
| Household Items | 102 | 102 | 100 |
| Education & Childcare | 101 | 106 | 100 |
Getting a feel for the cost of living in Three Lakes is essential for anyone planning to relocate, as it empowers them to make informed financial decisions, secure a comfortable lifestyle and maintain financial stability in their new environment. The cost of living in Three Lakes is 129, which is 29% higher than the national average. Relocating individuals may need to adjust their savings and investment strategies based on the cost of living in the new location. It influences decisions about retirement planning, investments and financial goals.
If you value affordability in your search for a new place to live, Three Lakes may not be the most suitable option, as it stands out as one of the priciest areas in the entire United States. Only a small fraction of regions have a cost of living that is more than 20% higher than the national average, and regrettably, Three Lakes falls into this category, which may not align with your desire for an affordable place to call home.
Housing costs are a very significant part of the Three Lakes cost of living index and generally encompass a large percentage of take-home income. Unfortunately, in this area, the housing costs for both homes and rentals were 88% more than the average city. This includes things like home and rent prices, mortgage rates and insurance.
Is Three Lakes 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 Three Lakes, the median home price is 83.8% higher than what most folks pay across the country, and monthly rent prices are 97.9% higher than the usual rates. Income levels in Three Lakes come in at $106,212, which is 30.6% higher than the national average.
Subsidies: Certain cities or states may implement government subsidies or assistance programs with the goal of alleviating the cost of living pressures on their residents. These programs encompass a broad spectrum of support mechanisms, including Medicare, Medicaid, housing subsidies, low-income home energy assistance programs, school lunch programs, supplemental nutrition assistance programs, student loans, electric vehicle tax credits, affordable care act subsidies and farming subsidies. Areas offering fewer subsidies may experience a rise in their cost of living.
Transportation: When public transportation options are limited or non-existent, residents frequently resort to vehicle ownership, which can significantly contribute to the overall cost of living. Monthly financial obligations encompass fuel, insurance, regular maintenance and potentially lease or financing expenses. In Three Lakes, the transportation index is 2.7% higher than the national average.
Utilities: Similar to the prices of any other goods or services, utility expenditures can exhibit substantial variability, influenced by factors such as climate, energy sources accessibility, geographical location and state regulations. Costs related to electricity, water, heating, and waste disposal can fluctuate, whether higher or lower, contingent on the city or state. In Three Lakes, the utilities index is 11.3% higher than the national average.
The Three Lakes cost of living data displayed above uses a U.S. average baseline of 100 to provide a practical way to compare living expenses across cities. Housing estimates incorporate U.S. Census home price and rental data, while all other values are generated using AI-assisted models based on everyday expense expectations, regional pricing trends, climate, transportation patterns, and local economic conditions. These values are designed for directional city-to-city comparisons.
| Cost of living index | |
| Groceries index | |
| Health care index | |
| Housing index | |
| Transportation index | |
| Utilities index | |
| Lifestyle index | |
| Household index | |
| Educare index |
| Median Income | Per Year | Per Month | Max Budget (28% DTI) | Max Budget (36% DTI) |
| Owners | $128,453 | $10,704 | $2,997 | $3,854 |
| Renters | $77,065 | $6,422 | $1,798 | $2,312 |
| State | General Sales Tax | With Max Surtax |
| Florida | 6% | 7.5% |
| State | Income Tax (Low) | Income Tax (High) |
| Florida | 0% | 0% |
| City | Population | Cost of Living Index | National Avg. |
| Homestead Base, FL | 748 | 105 | 4.9% |
| Medley, FL | 1,076 | 89 | 10.7% |
| Gladeview, FL | 13,938 | 99 | 1.4% |
| Florida City, FL | 12,235 | 104 | 4.1% |
| West Little River, FL | 33,229 | 104 | 3.6% |
| Three Lakes, FL | 15,795 | 129 | 29.5% |
| City | Population | Cost of Living Index | National Avg. |
| Westbury, NY | 15,784 | 150 | 49.8% |
| Seymour, TN | 15,784 | 97 | 3.2% |
| Chubbuck, ID | 15,783 | 101 | 1.3% |
| Front Royal, VA | 15,811 | 109 | 8.6% |
| Clearlake, CA | 15,774 | 106 | 5.7% |
| Three Lakes, FL | 15,795 | 129 | 29.5% |
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