Housing costs in Lake Placid?
A typical home costs
$248,500, which is 26.5% less expensive than the national average of
$338,100 and 31.4% less expensive than the average Florida home, at
$362,400. Renting a two-bedroom unit in Lake Placid costs
$970 per month, which is 32.2% cheaper than the national average of
$1,430 and 60.8% cheaper than the state average of
$1,560.
Can I afford Lake Placid?
To live comfortably in Lake Placid, Florida, a minimum annual income of
$47,520 for a family, and
$29,600 for a single person is recommended.
What does A.I. say about Lake Placid?
The cost of living in Lake Placid, FL is slightly lower than the US average. Housing costs are especially low, making this a great place to live for those on a budget. Groceries and health care costs are also relatively low, so even those with fixed incomes can enjoy a good quality of life here. Utility costs tend to be a bit higher due to the abundance of natural resources like lakes and rivers nearby. However, overall, Lake Placid is an affordable place to live that still offers many amenities and plenty of outdoor activities.