Cost of Living in Lakeland, NY
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
128.8
100 = national avg
+28.8 vs national average
Living Wage (1 Adult)
$56,694
per year
Living Wage (Family of 4)
$134,004
per year
Cost Index by Category
Housing133.9
Food118.3
Transportation136.7
Healthcare114.7
Utilities117.8
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,123
per month
2 Bedroom
$1,392
per month
The overall cost of living index in Lakeland is 128.8, which is 28.8% above the national average. Housing costs are above the national average at an index of 133.9. A single adult needs to earn approximately $56,694 per year to cover basic expenses.