Cost of Living in Lake Park, NC
Population 3,365 · North Carolina · Data vintage 2023
(100 = US avg)
Lake Park is a smaller North Carolina community of around 3000 residents, where median household incomes of $76,366 and housing costs ($296,000 for a typical home) give the local cost-of-living profile a distinctly small-town shape. An unemployment rate of 2.5% points to a labor market well on the tight side of the national distribution.
Located 14 miles southeast of Charlotte, Lake Park falls within that metro's commuting orbit. Median home values run roughly 16% lower than Charlotte's $352,000.
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 $296,400 — 3% below the national median of $305,000. Median rent runs $1,875/month, 43% higher than the national median of $1,314/month. The median household income of $76,366/year is 2% higher than the US median of $74,580. The local unemployment rate is 2.5%, below the national average of 4.8%. North Carolina's top state income tax rate is 4.5% and the combined sales tax is 7.0%. The climate averages highs of 72.3°F and lows of 50.2°F. Overall, Lake Park has a cost of living index of 115 versus the US average of 100, meaning it is 15% 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
🌤 Climate
NOAA 1991–2020 Climate Normals
| Month | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| High °F | 53 | 57 | 64 | 73 | 80 | 87 | 91 | 89 | 83 | 73 | 63 | 55 |
| Low °F | 32 | 35 | 41 | 49 | 57 | 65 | 69 | 68 | 62 | 50 | 40 | 34 |
| Precip" | 3.00 | 2.77 | 3.19 | 2.90 | 2.89 | 3.73 | 3.63 | 3.79 | 3.18 | 2.97 | 2.91 | 2.96 |
💨 Air Quality
EPA AQS 2023 — county-level monitoring data
Frequently Asked Questions
What is the cost of living in Lake Park, NC?
Lake Park has a cost index of 115 (100 = national average). It is 15% above the national average.
What is average rent in Lake Park, NC?
The median gross rent in Lake Park is $1,875 per month based on 2023 Census data.
What is the average home price in Lake Park?
The median home value in Lake Park is $296,400 according to Zillow and Census data.
What is the median income in Lake Park?
The median household income in Lake Park is $76,366 per year (2023 ACS 5-year estimates).
What is the sales tax in Lake Park, NC?
The combined state and local sales tax rate in Lake Park is 7.0%. The North Carolina state income tax top rate is 4.5%.
Is Lake Park, NC affordable?
Lake Park is above average in cost of living, with an index of 115 — about 15% higher than the national average.
What is the weather like in Lake Park?
Lake Park has average high temperatures of 72.3°F and average lows of 50.2°F. Annual precipitation is 37.9". Data from NOAA 1991–2020 Climate Normals.
Lake Park at a Glance
- Population
- 3,365
- Median Income
- $76,366
- Home Value
- $296,400
- Median Rent
- $1,875/mo
- Unemployment
- 2.5%
- Avg High Temp
- 72.3°F
- Sales Tax
- 7.0%
Nearby Cities
Explore county-level cost of living data
North Carolina Rankings
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