The housing market plays a significant role in determining the cost of living in Lake city, FL.
Considering a move to Lake city, FL? The housing index stands at 85.0, indicating a relatively affordable market compared to the national average. With a median home price of 262000, buying a property may be feasible for many potential homeowners. Renters can expect to pay an average of 1200 for a 2-bedroom apartment or 1360 for a 2-bedroom house. Weighing these figures can guide your decision, but also consider local job growth and amenities for a holistic view of relocating to this vibrant area.
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Lake city, FL.
Living in Lake city, FL could entail higher utility costs. Electricity costs sit at 13.89, while natural gas is priced at 26.13 per Thousand Cubic Feet—both aligning with state medians. Expect to budget about 200 monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Bethlehem is a financially viable option for your relocation.
The cost of living index is a widely used metric to determine the relative affordability of cities and towns.
The median income is an important factor to consider when evaluating the affordability of a city or town.
Access to quality education, healthcare, and social services can significantly impact the overall quality of life in a city or town.
When considering a move to Lake city, FL, consider the following factors: