Lake Placid, FL, offers a cost of living that is generally lower than the nationwide average. The cost of living index for Lake Placid stands at 90, which is 10% below the average of 100. This makes housing, groceries, utilities, transportation, healthcare, and miscellaneous expenses more affordable for residents and job seekers in this area.
Specifically, the housing index is 15% below the national average, while groceries and utilities are slightly below average at 5% and 8%, respectively. Transportation costs are 10% below the national average, healthcare costs are 12% below, and miscellaneous expenses are 7% below. These figures highlight the potential savings for those considering a move to Lake Placid.
The cost of living in Lake Placid, FL, presents a favorable picture for job seekers when compared to the nationwide average. The housing index stands at 85, which is 15% lower than the national average. This means that housing costs in Lake Placid are more affordable, offering potential savings for those relocating or considering a move. Additionally, groceries cost 95, which is 5% higher than the national average. This slight increase suggests that while groceries are slightly more expensive, they remain relatively accessible.
Utilities in Lake Placid are priced at 92, which is 2% below the national average. This indicates that residents can expect a bit of relief on their utility bills. Transportation costs are at 90, which is 10% lower than the national average, making commuting and travel more budget-friendly. Healthcare costs are at 88, which is 12% below the average, offering potential savings in medical expenses. Lastly, miscellaneous costs are at 93, which is 7% higher than the national average. Overall, Lake Placid provides a cost-effective living environment with several areas below the national average.
