Cost of Living in Lake Alfred, FL
Population 6,803 · Florida · Data vintage 2023
(100 = US avg)
Buyers in Lake Alfred can reasonably expect a home to cost less than three years of household income — $227,000 against $68,854 in typical earnings — a ratio that has collapsed to 5:1 or worse in much of the country.
Lake Alfred sits roughly 15 miles east of Lakeland — close enough that regional housing and labor patterns are shaped largely by the larger market. Housing prices track closely with Lakeland's $229,000 median.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Lake Alfred
The median home value in Lake Alfred is $226,800 — 26% below the national median of $305,000. Median rent runs $1,348/month, 3% higher than the national median of $1,314/month. The median household income of $68,854/year is 8% lower than the US median of $74,580. The local unemployment rate is 3.9%, below the national average of 4.8%. Florida charges no state income tax, a meaningful advantage for take-home pay. The climate averages highs of 84.2°F and lows of 64.9°F. Overall, Lake Alfred has a cost of living index of 86 versus the US average of 100, meaning it is 14% less expensive.
Lake Alfred has limited residential data
Detailed housing and income data is limited for this location. Here are the nearest cities with full cost of living data:
🏠 Housing
HUD Fair Market Rents by Bedroom
💰 Estimated Monthly Budget
Estimates based on median data and national averages. Actual costs vary.
🛒 Food & Groceries
National BLS average prices (2023). Local prices may vary.
🚗 Transportation
Commute Mode
⚡ Utilities
📋 Taxes
💼 Income & Employment
🎓 Education
👥 Demographics
🌤 Climate
NOAA 1991–2020 Climate Normals
| Month | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| High °F | 73 | 76 | 80 | 85 | 90 | 92 | 93 | 93 | 91 | 86 | 80 | 74 |
| Low °F | 52 | 55 | 59 | 63 | 69 | 74 | 75 | 76 | 74 | 68 | 60 | 55 |
| Precip" | 2.49 | 2.44 | 3.04 | 2.50 | 2.67 | 7.36 | 7.44 | 6.52 | 5.31 | 2.22 | 1.45 | 2.68 |
💨 Air Quality
EPA AQS 2023 — county-level monitoring data
Frequently Asked Questions
What is the cost of living in Lake Alfred, FL?
Lake Alfred has a cost index of 86 (100 = national average). It is 14% below the national average.
What is average rent in Lake Alfred, FL?
The median gross rent in Lake Alfred is $1,348 per month based on 2023 Census data.
What is the average home price in Lake Alfred?
The median home value in Lake Alfred is $226,800 according to Zillow and Census data.
What is the median income in Lake Alfred?
The median household income in Lake Alfred is $68,854 per year (2023 ACS 5-year estimates).
What is the sales tax in Lake Alfred, FL?
The combined state and local sales tax rate in Lake Alfred is 7.0%. Florida has no state income tax.
Is Lake Alfred, FL affordable?
Yes, Lake Alfred is generally considered affordable, with a cost of living index of 86 — about 14% below the US national average of 100.
What is the weather like in Lake Alfred?
Lake Alfred has average high temperatures of 84.2°F and average lows of 64.9°F. Annual precipitation is 46.1". Data from NOAA 1991–2020 Climate Normals.
Lake Alfred at a Glance
- Population
- 6,803
- Median Income
- $68,854
- Home Value
- $226,800
- Median Rent
- $1,348/mo
- Unemployment
- 3.9%
- Avg High Temp
- 84.2°F
- Sales Tax
- 7.0%
Nearby Cities
Explore county-level cost of living data
Florida Rankings
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