Housing costs in Lakeland?
A typical home costs
$221,800, which is 34.4% less expensive than the national average of
$338,100 and 38.8% less expensive than the average Florida home, at
$362,400. Renting a two-bedroom unit in Lakeland costs
$1,070 per month, which is 31.4% cheaper than the national average of
$1,560 and 8.4% cheaper than the state average of
$1,160.
Can I afford Lakeland?
To live comfortably in Lakeland (zip 33801), Florida, a minimum annual income of
$42,480 for a family, and
$34,800 for a single person is recommended.
What does A.I. say about Lakeland?
The cost of living in 33801 Lakeland, FL is fairly low compared to other parts of the country. According to BestPlaces, the cost of living index is 87.9, which is lower than the national average of 100. Housing prices are quite reasonable with the median home value being around $166,500 and monthly rent for a two-bedroom apartment averaging around $890. Utilities such as electricity and water tend to be on the cheaper side as well, with electricity averaging at around $94 per month and water at an average price of $18 per month. Food costs also remain low with a meal at an inexpensive restaurant coming in around $12 and a dozen eggs costing about $2. All in all, 33801 Lakeland is a great place to live without having to worry too much about the cost of living expenses.