Lake Placid, FL, offers a lower cost of living compared to the nationwide average, with an overall cost of living index of 89. This makes housing 20% cheaper, while groceries and healthcare remain close to the national average, providing a balanced living experience.
Lake Placid, FL, presents a cost of living that is generally lower than the nationwide average, which is set at 100. Housing costs in Lake Placid are 20% lower than the national average. This means residents can expect to pay less for rent or mortgage payments compared to the typical American city. The affordability extends to other areas, such as groceries, which are 5% lower than the average, offering some savings on everyday essentials.
Utilities in Lake Placid match the national average, standing at 100, suggesting no significant savings or extra costs here. Transportation costs are 10% lower than the average, which might indicate cheaper public transport or lower fuel prices. Healthcare and miscellaneous costs, however, follow closely with the average, with healthcare at 90 and miscellaneous at 85, indicating slight savings in these areas as well. Overall, Lake Placid offers a cost of living that is more affordable in several key areas compared to the national average.
