Cost of Living in Lake City, FL
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
88.7
100 = national avg
-11.3 vs national average
Living Wage (1 Adult)
$39,031
per year
Living Wage (Family of 4)
$92,255
per year
Cost Index by Category
Housing95.7
Food89.1
Transportation78.2
Healthcare91.3
Utilities92.6
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,034
per month
2 Bedroom
$1,318
per month
The overall cost of living index in Lake City is 88.7, which is 11.3% below the national average. Housing costs are below the national average at an index of 95.7. A single adult needs to earn approximately $39,031 per year to cover basic expenses.