Cost of Living in Lake Park, FL
Population 9,005 · Florida · Data vintage 2023
(100 = US avg)
Lake Park is a smaller Florida community of around 9000 residents, where median household incomes of $69,274 and housing costs ($362,000 for a typical home) give the local cost-of-living profile a distinctly small-town shape. At 8.0%, the local unemployment rate runs well above the US figure, pointing to structural rather than cyclical labor-market issues.
Located 5 miles northeast of West Palm Beach, Lake Park falls within that metro's commuting orbit. Housing prices track closely with West Palm Beach's $370,000 median.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Lake Park
The median home value in Lake Park is $361,700 — 19% above the national median of $305,000. Median rent runs $1,396/month, 6% higher than the national median of $1,314/month. The median household income of $69,274/year is 7% lower than the US median of $74,580. The local unemployment rate is 8.0%, above the national average of 4.8%. Florida charges no state income tax, a meaningful advantage for take-home pay. Overall, Lake Park has a cost of living index of 114 versus the US average of 100, meaning it is 14% more expensive.
Lake Park 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 Park, FL?
Lake Park has a cost index of 114 (100 = national average). It is 14% above the national average.
What is average rent in Lake Park, FL?
The median gross rent in Lake Park is $1,396 per month based on 2023 Census data.
What is the average home price in Lake Park?
The median home value in Lake Park is $361,700 according to Zillow and Census data.
What is the median income in Lake Park?
The median household income in Lake Park is $69,274 per year (2023 ACS 5-year estimates).
What is the sales tax in Lake Park, FL?
The combined state and local sales tax rate in Lake Park is 7.0%. Florida has no state income tax.
Is Lake Park, FL affordable?
Lake Park is above average in cost of living, with an index of 114 — about 14% higher than the national average.
Lake Park at a Glance
- Population
- 9,005
- Median Income
- $69,274
- Home Value
- $361,700
- Median Rent
- $1,396/mo
- Unemployment
- 8.0%
- Sales Tax
- 7.0%
Nearby Cities
Explore county-level cost of living data
Florida Rankings
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