Housing costs in Lake Wales?
A typical home costs
$231,600, which is 31.5% less expensive than the national average of
$338,100 and 36.1% less expensive than the average Florida home, at
$362,400. Renting a two-bedroom unit in Lake Wales costs
$1,000 per month, which is 30.1% cheaper than the national average of
$1,430 and 56.0% cheaper than the state average of
$1,560.
Can I afford Lake Wales?
To live comfortably in Lake Wales, Florida, a minimum annual income of
$44,280 for a family, and
$32,400 for a single person is recommended.
What does A.I. say about Lake Wales?
The cost of living in Lake Wales, FL is relatively low compared to other cities and counties in the state. The median home cost is approximately $128,000 and the median household income is around $42,000. This means that many families can find affordable housing options within their budget. Additionally, there are plenty of opportunities to save money on groceries and utility costs in the city. Gas prices tend to be slightly lower than the rest of Florida as well, making it easier for residents to get around town. All things considered, living in Lake Wales provides a great option for people looking for an affordable place to call home.