Cost of Living in Lakeland, FL
Housing
The housing market plays a significant role in determining the cost of living in Lakeland, FL.
- Housing Index: Data is updating
- Median Home Price is: $289,000
- Average Rent (2 BR Apartment): Data is updating
- Average Rent (2 BR House): Data is updating
Considering a move to Lakeland, FL? With a population of , the average median age stands at . This region's median income is relatively moderate at , but note the poverty level is at %, indicating some economic challenges. Married families comprise 34% of households, suggesting a community that's family-oriented. The current unemployment rate of % may be a concern, as it could indicate job market stability. Ultimately, assess your own lifestyle needs against these metrics to make an informed decision about relocating to this area.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Lakeland, FL.
- Electricity Price: $13.89 USD (median by state)
- Natural Gas Price: $26.13 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): Data is updating
Living in Lakeland, 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 data unavailable 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 Lakeland is a financially viable option for your relocation.