Housing costs in Lake City?
A typical home costs
$235,300, which is 30.4% less expensive than the national average of
$338,100 and 35.1% less expensive than the average Florida home, at
$362,400. Renting a two-bedroom unit in Lake City costs
$910 per month, which is 36.4% cheaper than the national average of
$1,430 and 71.4% cheaper than the state average of
$1,560.
Can I afford Lake City?
To live comfortably in Lake City, Florida, a minimum annual income of
$45,000 for a family, and
$28,000 for a single person is recommended.
What does A.I. say about Lake City?
The cost of living in Lake City, FL is fairly low compared to the national average. The median home price in Lake City is $140,000, and the average rental rate for a two-bedroom apartment is just under $800 per month. Utilities costs are also low with electricity averaging around $90 per month depending on usage. Food costs are also reasonable with the average grocery bill for a family of four being around $500 monthly. Overall, living in Lake City can be quite affordable for those looking for an affordable place to call home.