Housing costs in Lake Lorraine?
A typical home costs
$357,700, which is 5.8% more expensive than the national average of
$338,100 and 1.3% less expensive than the average Florida home, at
$362,400. Renting a two-bedroom unit in Lake Lorraine costs
$1,450 per month, which is 1.4% more than the national average of
$1,430 and 7.6% cheaper than the state average of
$1,560.
Can I afford Lake Lorraine?
To live comfortably in Lake Lorraine, Florida, a minimum annual income of
$68,400 for a family, and
$49,600 for a single person is recommended.
What does A.I. say about Lake Lorraine?
Living in Lake Lorraine, FL is quite affordable. The cost of goods and services is quite low compared to the national average. Additionally, the areas housing prices are quite reasonable when compared to surrounding cities and towns. Renters can find affordable apartments ranging from $800-$1000 per month and homes can be purchased for as low as $150,000. With its close proximity to the beach and abundance of natural beauty, Lake Lorraine, FL is a great destination for those looking for a budget-friendly place to call home.