Cost of Living in Lake Worth Beach, FL
Population 42,650 · Florida · Data vintage 2023
(100 = US avg)
Lake Worth Beach lands reasonably close to national benchmarks on most cost indicators, with a median home value of $329,000 — 8% above the US figure. That makes it a useful reference point for comparing with more extreme markets in Florida. A poverty rate near 21% adds context to the income figures — well above the US average, and worth factoring into any comparison with cities on the coasts or in the Rockies.
Located 10 miles southeast of West Palm Beach, Lake Worth Beach falls within that metro's commuting orbit. Median home values run roughly 11% lower than West Palm Beach's $370,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Lake Worth Beach
The median home value in Lake Worth Beach is $329,300 — 8% above the national median of $305,000. Median rent runs $1,439/month, 10% higher than the national median of $1,314/month. The median household income of $60,978/year is 18% lower than the US median of $74,580. The local unemployment rate is 6.5%, above the national average of 4.8%. Florida charges no state income tax, a meaningful advantage for take-home pay. Overall, Lake Worth Beach has a cost of living index of 109 versus the US average of 100, meaning it is 9% more expensive.
🏠 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 Worth Beach, FL?
Lake Worth Beach has a cost index of 109 (100 = national average). It is 9% above the national average.
What is average rent in Lake Worth Beach, FL?
The median gross rent in Lake Worth Beach is $1,439 per month based on 2023 Census data.
What is the average home price in Lake Worth Beach?
The median home value in Lake Worth Beach is $329,300 according to Zillow and Census data.
What is the median income in Lake Worth Beach?
The median household income in Lake Worth Beach is $60,978 per year (2023 ACS 5-year estimates).
What is the sales tax in Lake Worth Beach, FL?
The combined state and local sales tax rate in Lake Worth Beach is 7.0%. Florida has no state income tax.
Is Lake Worth Beach, FL affordable?
Lake Worth Beach is near the national average in terms of cost of living, with an index of 109 (100 = US average).
Lake Worth Beach at a Glance
- Population
- 42,650
- Median Income
- $60,978
- Home Value
- $329,300
- Median Rent
- $1,439/mo
- Unemployment
- 6.5%
- Sales Tax
- 7.0%
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Explore county-level cost of living data
Florida Rankings
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