Cost of Living
The cost of living indices is based on a US average of 100. An amount below 100 means it is less expensive than the US average. An amount above 100 means it is more expensive. Lake County’s cost of living is 107.6.
*Housing is the biggest factor in the cost of living difference, while Grocery, Health and Miscellaneous costs are below the national average. However, the median home price in Lake County is $203,200; which is 12.5% less expensive than Orlando, 9.2% less expensive than the State of Florida and 6.4% less expensive than the national average.
Cost of Living in Lake County, Florida
|Cost of Living||Lake||Orlando||Florida||USA|
|Median Home Cost||$203,200||$228,600||$222,000||$216,200|
*Housing numbers include both buying and renting.
|Local Discretionary (Lake County)||1.0%|
|Total Sales Tax||7.0%|
|Property Tax||Total Millage||City Millage|
|Howey in the Hills||23.5399||9.2750|
|Tavares Debt Service||0.3052|
*County millage can be as low as 14.4238 depending on real estate location