Cost of Living in Lakeland, FL
2024 data from the Bureau of Economic Analysis
Cost Index
97.1
2.9% below avg
Housing Index
95.9
Median Income
$60,901
Median Rent
$1,192/mo
Cost Breakdown
Overall97.1 (-2.9%)
Housing95.9 (-4.1%)
Goods96.2 (-3.8%)
Utilities86.9 (-13.1%)
Other Services98.9 (-1.1%)
National average = 100
Income & Housing
Median Household Income
$60,901/year
Median Home Value
$215,700
Median Monthly Rent
$1,192/mo
Per Capita Income
$30,262/year
Compare Lakeland, FL With
Frequently Asked Questions
Is Lakeland, FL expensive to live in?
Lakeland, FL has a cost of living index of 97.1, which is 2.9% below the national average.
How much does housing cost in Lakeland, FL?
Housing costs in Lakeland, FL are indexed at 95.9 compared to the national average of 100. The median monthly rent is $1,192.
What is the average income in Lakeland, FL?
The median household income in Lakeland, FL is $60,901 per year.
What is the average home price in Lakeland, FL?
The median home value in Lakeland, FL is $215,700.