Housing costs in Lake Wales?
A typical home costs
$209,900, which is 37.9% less expensive than the national average of
$338,100 and 42.1% less expensive than the average Florida home, at
$362,400. Renting a two-bedroom unit in Lake Wales costs
$980 per month, which is 37.2% cheaper than the national average of
$1,560 and 18.4% cheaper than the state average of
$1,160.
Can I afford Lake Wales?
To live comfortably in Lake Wales (zip 33853), Florida, a minimum annual income of
$40,320 for a family, and
$31,600 for a single person is recommended.
What does A.I. say about Lake Wales?
The cost of living in Lake Wales, FL (3385) is quite reasonable compared to other areas of the state. The median home value in Lake Wales is around $123,000 and the median household income is approximately $40,400. With a lower than average cost of living and a low unemployment rate, Lake Wales makes for an excellent place to live and work. Additionally, groceries and healthcare are affordable in town as well. All these factors together make for a great opportunity for those looking to move to this area.