Cost of Living in Westwood Lakes, FL
Population 10,768 · Florida · Data vintage 2023
(100 = US avg)
Westwood Lakes is a smaller Florida community of around 11000 residents, where median household incomes of $87,341 and housing costs ($465,000 for a typical home) give the local cost-of-living profile a distinctly small-town shape. Unemployment has stayed elevated relative to the national figure — 7.4% as of the most recent ACS release — which shows up in household-income and poverty figures as well.
Westwood Lakes sits roughly 11 miles west of Miami — close enough that regional housing and labor patterns are shaped largely by the larger market. Housing prices track closely with Miami's $475,000 median.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Westwood Lakes
The median home value in Westwood Lakes is $465,000 — 52% above the national median of $305,000. Median rent runs $2,243/month, 71% higher than the national median of $1,314/month. The median household income of $87,341/year is 17% higher than the US median of $74,580. The local unemployment rate is 7.4%, above the national average of 4.8%. Florida charges no state income tax, a meaningful advantage for take-home pay. Overall, Westwood Lakes has a cost of living index of 160 versus the US average of 100, meaning it is 60% 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 Westwood Lakes, FL?
Westwood Lakes has a cost index of 160 (100 = national average). It is 60% above the national average.
What is average rent in Westwood Lakes, FL?
The median gross rent in Westwood Lakes is $2,243 per month based on 2023 Census data.
What is the average home price in Westwood Lakes?
The median home value in Westwood Lakes is $465,000 according to Zillow and Census data.
What is the median income in Westwood Lakes?
The median household income in Westwood Lakes is $87,341 per year (2023 ACS 5-year estimates).
What is the sales tax in Westwood Lakes, FL?
The combined state and local sales tax rate in Westwood Lakes is 7.0%. Florida has no state income tax.
Is Westwood Lakes, FL affordable?
Westwood Lakes is above average in cost of living, with an index of 160 — about 60% higher than the national average.
Westwood Lakes at a Glance
- Population
- 10,768
- Median Income
- $87,341
- Home Value
- $465,000
- Median Rent
- $2,243/mo
- Unemployment
- 7.4%
- Sales Tax
- 7.0%
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Florida Rankings
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