Housing costs in Spring Lake?
A typical home costs
$317,500, which is 6.1% less expensive than the national average of
$338,100 and 12.4% less expensive than the average Florida home, at
$362,400. Renting a two-bedroom unit in Spring Lake costs
$1,330 per month, which is 7.0% cheaper than the national average of
$1,430 and 17.3% cheaper than the state average of
$1,560.
Can I afford Spring Lake?
To live comfortably in Spring Lake, Florida, a minimum annual income of
$60,840 for a family, and
$44,400 for a single person is recommended.
What does A.I. say about Spring Lake?
The cost of living in Spring Lake, FL is relatively low compared to other cities in the state. In fact, it's one of the most affordable places to live in Florida. The median home value is $151,000, which is about $70,000 lower than the statewide median. This makes buying a home very attainable for many families. Renting an apartment or house generally costs less than $1,100 per month, and utilities are also very reasonable. Groceries and other necessities can be purchased at affordable prices as well. Overall, Spring Lake is an excellent place for anyone looking for a cost-effective lifestyle.