Housing costs in Lake City?
A typical home costs
$285,200, which is 15.6% less expensive than the national average of
$338,100 and 21.3% less expensive than the average Florida home, at
$362,400. Renting a two-bedroom unit in Lake City costs
$940 per month, which is 39.7% cheaper than the national average of
$1,560 and 2.1% more than the state average of
$920.
Can I afford Lake City?
To live comfortably in Lake City (zip 32024), Florida, a minimum annual income of
$54,720 for a family, and
$28,800 for a single person is recommended.
What does A.I. say about Lake City?
The cost of living in Lake City, FL (32024) is relatively low compared to other parts of the nation. The median household income is $39,150 and the median house value is $112,300. Taxes are also lower than the national average; the state sales tax rate is 6%, while the local county rate is 7%. Housing costs are also quite reasonable, with a median rent of $845 per month. Overall, Lake City offers a great quality of life at an affordable cost.