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: $298,000
- 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 Lynn haven is a financially viable option for your relocation.