Lake Park, GA, presents a favorable cost of living compared to the nationwide average of 100. Housing costs in Lake Park sit at 80, offering a 20% savings for residents. Groceries, utilities, transportation, healthcare, and miscellaneous expenses also show varying degrees of affordability, ranging from 85 to 98, indicating overall lower living costs in the area.
The cost of living index for Lake Park stands at an impressive 90. This figure highlights that residents can expect to spend about 10% less than the national average. Notably, each category—from housing to healthcare—shows costs below the national average, presenting an attractive opportunity for potential job seekers looking to balance quality of life with budget-friendly living.
The cost of living in Lake Park, GA, presents some notable differences when compared to the nationwide average, which is set at 100. Housing costs in Lake Park are notably lower, with an index of 80. This means that housing expenses are 20% less than the national average. Job seekers and families may find it easier to find affordable housing options, making this a potentially attractive location for those looking to manage living expenses more effectively.
In other areas, Lake Park shows mixed results. For example, groceries have a cost of living index of 90, meaning they are just 10% below the national average. Utilities, however, are slightly higher with an index of 95, indicating only a 5% increase over the national average. Transportation costs stand at 85, which is 15% less than average. Healthcare costs are nearly on par with the national average at 98, while miscellaneous expenses also closely match the average at 92. Overall, Lake Park presents a balanced mix of cost efficiencies and minor increases, which can be advantageous for those seeking a manageable cost of living.
