Lake Park, GA, offers a cost of living that is slightly below the nationwide average. The overall cost of living index for Lake Park stands at 89, which is 11% lower than the national average of 100. This makes housing, groceries, utilities, transportation, healthcare, and miscellaneous expenses more affordable for residents and job seekers in the area.
Specifically, the housing index in Lake Park is 87, while groceries and healthcare each have an index of 87. Utilities are priced at 95, transportation at 90, and miscellaneous items at 88. These figures indicate that Lake Park provides a cost-effective living environment compared to the national average.
Lake Park, GA, offers a cost of living that is slightly below the nationwide average. The housing index stands at 87, which is 13% lower than the national average. This means that residents can expect to pay less for housing compared to the average American. Groceries, another significant expense, have an index of 92, which is 2% higher than the national average. This indicates that while groceries are slightly more expensive, the difference is minimal.
Utilities in Lake Park are priced at 95, which is 5% higher than the national average. This small increase suggests that utility costs are nearly on par with the rest of the country. Transportation costs are at 90, which is 10% below the national average. This makes commuting and other transportation needs more affordable in Lake Park. Healthcare costs are at 87, matching the housing index and also 13% below the national average. This can be a significant advantage for residents. Lastly, miscellaneous expenses have an index of 88, which is 12% lower than the national average. Overall, Lake Park provides a cost of living that is generally favorable for those looking to manage their expenses effectively.