Cost of Living in Lakeland Highlands, FL

Population 11,669 · Florida · Data vintage 2023

125
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Lakeland Highlands sits on the smaller end of the Florida city distribution. That scale shapes the housing market, the labor pool, and the services available to residents in ways the data below makes visible. An unemployment rate of 2.5% points to a labor market well on the tight side of the national distribution.

Geographically, Lakeland Highlands sits roughly 7 miles south of Lakeland. Median home values run roughly 54% higher than Lakeland's $229,000.

Cost Overview

Housing 115
Rent 138

Scale: 100 = US national average. Green < 90, Red > 110.

About the Cost of Living in Lakeland Highlands

The median home value in Lakeland Highlands is $352,000 — 15% above the national median of $305,000. Median rent runs $1,817/month, 38% higher than the national median of $1,314/month. The median household income of $106,012/year is 42% higher than the US median of $74,580. The local unemployment rate is 2.5%, below the national average of 4.8%. Florida charges no state income tax, a meaningful advantage for take-home pay. Overall, Lakeland Highlands has a cost of living index of 125 versus the US average of 100, meaning it is 25% more expensive.

🏠 Housing

Median Home Value
$352,000
15% above avg
Median Rent
$1,817/mo
38% above avg
Price-to-Rent Ratio
16.1x
Favors buying
Property Tax Rate
0.9%
Effective rate

HUD Fair Market Rents by Bedroom

Studio
$1,085
1 BR
$1,181
2 BR
$1,427
3 BR
$1,797
4 BR
$2,099
Owner-occupied 81.2%
Renter-occupied 18.8%

💰 Estimated Monthly Budget

Rent median rent
$1,817
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $2,431/mo

Estimates based on median data and national averages. Actual costs vary.

🛒 Food & Groceries

National BLS average prices (2023). Local prices may vary.

🥚
Eggs (dozen)
$0.548
🍞
White Bread (lb)
$1.912
🥩
Ground Beef (lb)
$5.61

🚗 Transportation

Avg Commute
25.9 min
4% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
13.3%

Commute Mode

Drove alone
74.7%
Carpooled
10.1%
Walked
1.0%
Bicycle
0.4%
Work from home
13.3%

Utilities

Electricity
$0.176/kWh
0% below avg

📋 Taxes

State Income Tax (flat) None
Total Sales Tax 7.0%
State rate 6.0%
Avg local rate 1.1%
Property Tax 0.9%

💼 Income & Employment

Median Household Income
$106,012
42% above avg
Per Capita Income
$56,394
Unemployment Rate
2.5%
48% below avg
Poverty Rate
3.7%
Labor Force Participation
60.5%

🎓 Education

Bachelor's degree+ 24.4%
Graduate degree 18.3%

👥 Demographics

Median Age 46
Male median age 46.3
Female median age 45.7

💨 Air Quality

EPA AQS 2023 — county-level monitoring data

Median AQI 42 — Good
75.3%
Good air days/yr
101
Max AQI recorded
145
PM2.5 days
220
Ozone days

Frequently Asked Questions

What is the cost of living in Lakeland Highlands, FL?

Lakeland Highlands has a cost index of 125 (100 = national average). It is 25% above the national average.

What is average rent in Lakeland Highlands, FL?

The median gross rent in Lakeland Highlands is $1,817 per month based on 2023 Census data.

What is the average home price in Lakeland Highlands?

The median home value in Lakeland Highlands is $352,000 according to 2023 Census ACS data.

What is the median income in Lakeland Highlands?

The median household income in Lakeland Highlands is $106,012 per year (2023 ACS 5-year estimates).

What is the sales tax in Lakeland Highlands, FL?

The combined state and local sales tax rate in Lakeland Highlands is 7.0%. Florida has no state income tax.

Is Lakeland Highlands, FL affordable?

Lakeland Highlands is above average in cost of living, with an index of 125 — about 25% higher than the national average.

Lakeland Highlands at a Glance

Population
11,669
Median Income
$106,012
Home Value
$352,000
Median Rent
$1,817/mo
Unemployment
2.5%
Sales Tax
7.0%
View all cities in Florida →
🗺️ County data for Florida

Explore county-level cost of living data

Similar Cost Cities

Cities in other states with comparable housing costs