Cost of Living in Lake city, FL
Housing
The housing market plays a significant role in determining the cost of living in Lake city, FL.
- Housing Index: 85.0 / 100
- Median Home Price is: $262,000
- Average Rent (2 BR Apartment): $1251 per month
- Average Rent (2 BR House): $1360 per month
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 1251 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.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Lake city, 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.): $200 per month
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 Lake city is a financially viable option for your relocation.