Cost of Living in Lynn haven, FL

Housing

The housing market plays a significant role in determining the cost of living in Lynn haven, FL.

• Housing Index: 98.0 / 100
• Median Home Price is: $298000
• Average Rent (2 BR Apartment): $1800 per month
• Average Rent (2 BR House): $1840 per month

When considering a move to Lynn haven, FL, you'll find that the housing index stands at 98.0, suggesting it is relatively affordable compared to the national average. With a median home price of 298000, purchasing a home can offer a good investment opportunity, especially for first-time buyers. Renters may expect to pay approximately 1800 for a two-bedroom apartment or 1840 for a two-bedroom house, indicating a competitive rental market. Given these figures, evaluate your long-term plans and financial readiness for homeownership versus renting in this area.

Utilities

The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Lynn haven, 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.): $250 per month

Living in Lynn haven, 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 250 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.

Cost of Living Index

The cost of living index is a widely used metric to determine the relative affordability of cities and towns.

• Index score: 102.5

Median Income

The median income is an important factor to consider when evaluating the affordability of a city or town.

• Median Income: $81378

Educational and Social Amenities

Access to quality education, healthcare, and social services can significantly impact the overall quality of life in a city or town.

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Summary

When considering a move to Lynn haven, FL, consider the following factors:

• Taxes: State income, property, and local income taxes can significantly impact your take-home pay.
• Job opportunities: The availability of jobs in your field can affect your quality of life.
• Cost of living: Housing costs, utilities, transportation, and other expenses should be considered when evaluating the affordability of a city or town.