Cost of Living in Lakeland, FL
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
107.5
100 = national avg
+7.5 vs national average
Living Wage (1 Adult)
$47,311
per year
Living Wage (Family of 4)
$111,826
per year
Cost Index by Category
Housing128.4
Food96.6
Transportation93.5
Healthcare97.3
Utilities103.6
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,230
per month
2 Bedroom
$1,497
per month
The overall cost of living index in Lakeland is 107.5, which is 7.5% above the national average. Housing costs are above the national average at an index of 128.4. A single adult needs to earn approximately $47,311 per year to cover basic expenses.