Cost of Living in Lake Lorraine, FL
Population 7,210 · Florida · Data vintage 2023
(100 = US avg)
Under 25,000 residents gives Lake Lorraine a small-town character that shows up in every data point below — from the commute patterns to the rental inventory. A typical home runs $412,000. The labor market has been unusually tight, with unemployment around 2.2% — below most comparable cities in the state.
Geographically, Lake Lorraine lies roughly 95 miles east of the nearest major metro, Mobile. Median home values run roughly 142% higher than Mobile's $170,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Lake Lorraine
The median home value in Lake Lorraine is $411,900 — 35% above the national median of $305,000. Median rent runs $1,488/month, 13% higher than the national median of $1,314/month. The median household income of $91,619/year is 23% higher than the US median of $74,580. The local unemployment rate is 2.2%, below the national average of 4.8%. Florida charges no state income tax, a meaningful advantage for take-home pay. Overall, Lake Lorraine has a cost of living index of 126 versus the US average of 100, meaning it is 26% more expensive.
Lake Lorraine 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
💨 Air Quality
EPA AQS 2023 — county-level monitoring data
Frequently Asked Questions
What is the cost of living in Lake Lorraine, FL?
Lake Lorraine has a cost index of 126 (100 = national average). It is 26% above the national average.
What is average rent in Lake Lorraine, FL?
The median gross rent in Lake Lorraine is $1,488 per month based on 2023 Census data.
What is the average home price in Lake Lorraine?
The median home value in Lake Lorraine is $411,900 according to 2023 Census ACS data.
What is the median income in Lake Lorraine?
The median household income in Lake Lorraine is $91,619 per year (2023 ACS 5-year estimates).
What is the sales tax in Lake Lorraine, FL?
The combined state and local sales tax rate in Lake Lorraine is 7.0%. Florida has no state income tax.
Is Lake Lorraine, FL affordable?
Lake Lorraine is above average in cost of living, with an index of 126 — about 26% higher than the national average.
Lake Lorraine at a Glance
- Population
- 7,210
- Median Income
- $91,619
- Home Value
- $411,900
- Median Rent
- $1,488/mo
- Unemployment
- 2.2%
- Sales Tax
- 7.0%
Nearby Cities
Explore county-level cost of living data
Florida Rankings
Similar Cost Cities
Cities in other states with comparable housing costs