Housing costs in Lake City?
A typical home costs
$246,700, which is 27.0% less expensive than the national average of
$338,100 and 31.9% less expensive than the average Florida home, at
$362,400. Renting a two-bedroom unit in Lake City costs
$920 per month, which is 35.7% cheaper than the national average of
$1,430 and 69.6% cheaper than the state average of
$1,560.
Can I afford Lake City?
To live comfortably in Lake City Flor Metro Area, Florida, a minimum annual income of
$47,160 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 the Lake City, FL Metro Area is lower than the national average. According to a recent study, the Cost of Living Index for the area is 86.2, which is 13.8 points lower than the US average of 100. This means that residents in this area can enjoy a lower cost of living compared to those who reside elsewhere in the country. Furthermore, the median house value in this metro area is $246,700, which is significantly lower than the national median of $338,100. This indicates that Lake City offers an affordable cost of living along with some relatively inexpensive housing options.