Cost of Living in Southwest, Lakeland, FL

A+
8%
Overall NAT. AVG.
7%
Goods & Services NAT. AVG.
17%
Housing NAT. AVG.
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Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.
The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index Southwest Lakeland Florida
Cost of living929698
Goods & Services939398
Groceries10010099
Health care929296
Housing839496
Transportation10010099
Utilities999997
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Cost Of Living Quick Facts

  • The cost of living in Southwest is 6% lower than the Lakeland average
  • The cost of living in Southwest is 8% lower than the national average
  • Southwest housing is 17% lower than the national average
  • Florida general sales tax is 18% higher than the national average
  • Florida state income tax is 100% lower than the national average

Most Affordable Places to Live in and Around Southwest

See all the best places to live around Southwest

Compare Lakeland, FL Cost of Living

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      Price difference in compared to
      Cost of living index
      Goods & Services index
      Groceries index
      Health care index
      Housing index
      Transportation index
      Utilities index

      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Household$52,462$4,372$1,224$1,574

      Florida Sales Tax

      State General Sales Tax With Max Surtax
      Florida 6% 7.5%

      Florida Income Tax

      State Income Tax (Low) Income Tax (High)
      Florida 0% 0%

      Goods & Services

      Item Lakeland National avg. Difference
      Haircut $15.67$24.2635.4%
      Beauty Salon $54.72$45.5620.1%
      Toothpaste $3.67$3.700.8%
      Shampoo $1.48$1.2815.3%
      Movie $8.61$12.1329.1%
      Bowling $19.67$18.009.3%

      Groceries

      Item Lakeland National avg. Difference
      Ground Beef $6.06$5.843.8%
      Fried Chicken $1.48$1.575.7%
      Milk $4.56$4.672.3%
      Potatoes $5.34$4.938.1%
      Pizza $8.38$12.0930.6%
      Beer $10.69$10.412.6%

      Health Care

      Item Lakeland National avg. Difference
      Optometrist $146.67$125.6816.7%
      Doctor $122.32$135.789.9%
      Dentist $103.33$113.298.8%
      Ibuprofen $10.74$10.650.8%
      Lipitor $523.90$468.6011.8%

      Housing

      Item Lakeland National avg. Difference
      Home Price $160,400.00$184,700.0013.2%
      Avg. Mortgage Payment $1,846.50$2,346.6921.3%
      Apartment Rent $1,056.00$949.0011.3%

      Transportation

      Item Lakeland National avg. Difference
      Gasoline $3.42$3.461.0%
      Tire Balancing $57.28$59.924.4%

      Utilities

      Item Lakeland National avg. Difference
      All Electricity $219.66$193.9913.2%
      Phone $194.37$192.251.1%
      Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

      Nearby cities with low cost of living

      City Population Cost of Living Index National Avg.
      Zephyrhills South, FL5,2487921.3%
      Fussels Corner, FL4,7807920.5%
      Wahneta, FL3,9888218.1%
      Bradley Junction, FL7028217.9%
      Mulberry, FL4,1348217.8%
      Lakeland, FL110,335964.4%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Gresham, OR110,45612423.9%
      Richmond, CA110,05115656.5%
      Miami Gardens, FL110,76711010.0%
      Everett, WA110,84013433.5%
      Billings, MT109,7051098.6%
      Lakeland, FL110,335964.4%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.
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