B
9%
Overall NAT. AVG.
7%
Goods & Services NAT. AVG.
39%
Housing NAT. AVG.
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Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.
The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index Land O' Lakes Florida National
Cost of living10998100
Goods & Services9398100
Groceries10099100
Health care9296100
Housing13996100
Transportation10099100
Utilities9997100

An Overview of Cost of Living in Land O' Lakes, FL

The cost of living in Land O' Lakes affects the quality of life one can afford in this new location. It allows people to assess whether they can maintain their preferred lifestyle, including housing, leisure activities and dining options. Your total monthly expenditures can varry depending on the area, as well as many other factors. The cost of living in Land O' Lakes is 109, which is 9% higher than the national average. Knowledge of the cost of living can help individuals make informed decisions about retirement savings, investments, and financial goals.

Everyday expenditures like food, housing, goods and services, transportation and health care in Land O' Lakes are priced in a manner consistent with other areas. This means that residents of Land O' Lakes can anticipate their daily expenses remaining reasonably similar to those in an average city, thereby supporting a manageable cost of living.

Housing costs significantly influence the Land O' Lakes cost of living index, typically accounting for a substantial portion of one's post-tax income. Regrettably, within this particular region, expenses related to both residential ownership and renting exceeded those observed in an average city by 39.3%. This entails elements such as housing and rental prices, mortgage interest rates and insurance costs.

Is Land O' Lakes Affordable?

Is Land O' Lakes affordable? It's a key consideration when pondering a move, as affordability often shapes your choices. The cost of living index (we discussed it earlier), coupled with housing costs and income levels, serves as the cornerstone for determining a location's affordability. Take Land O' Lakes, for instance, where the median home price falls 34.9% higher than the national average, and monthly rent rates are 49.7% higher than usual. Additionally, median income levels contribute to the equation, with Land O' Lakes flaunting a median household income of $79,940, 44.5% higher than the national norm.

What Factors can Influence the Cost of Living in Land O' Lakes?

Utilities: As with the prices of anything else, utility costs can exhibit significant variations, contingent on factors like climate, energy source availability, geographic location and state regulations. The expenses associated with electricity, water, heating, and waste disposal can fluctuate, either upward or downward, depending on the particular city or state. In Land O' Lakes, the utilities index registers 1.1% lower than the national average.

Subsidies: Some areas might offer government subsidies or assistance programs that help lower cost of living for residents. These programs can include anything from Medicare, Medicaid, housing subsidies, low-income home energy assistance programs, school lunch programs, supplemental nutrition assistance programs, student loans, electric vehicle tax credits, affordable care act subsidies and crop subsidies. Areas that offer less subsidies, could see an increase in their cost of living.

Transportation: If public transportation is limited or not available, residents may need to own and maintain vehicles, which can add to the cost of living. Gas, insurance, regular maintenance and potentially lease or finance payments will all need to be paid on a monthly basis. In Land O' Lakes, the transportation index is 0.4% higher than the national average.

Where is the Data From?

The cost of living in Land O' Lakes, presented above is derived from the C2ER cost of living index, offering a practical method for assessing living cost disparities in urban areas. Published quarterly, this index compiles data from more than 300 independent researchers, encompassing over 60 goods and services in 6 categories. The weightings assigned to cost variances are informed by government survey data tracking the expenditure patterns of professional and executive households. It should be noted that the C2ER index does not include data on sales or income tax rates, however, AreaVibes incorporates tax rates into the overall cost of living score for each area.

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Cost Of Living Quick Facts

  • The cost of living in Land O' Lakes is 12% higher than the Florida average
  • The cost of living in Land O' Lakes is 9% higher than the national average
  • Land O' Lakes housing is 39% higher than the national average
  • Florida general sales tax is 18% higher than the national average
  • Florida state income tax is 100% lower than the national average

Most Affordable Places to Live in and Around Land O' Lakes

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Compare Land O' Lakes, FL Cost of Living

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      Salary Calculator

      This is how much you would need to earn in
      Price difference in compared to
      Cost of living index
      Goods & Services index
      Groceries index
      Health care index
      Housing index
      Transportation index
      Utilities index

      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$87,254$7,271$2,036$2,618
      Renters$63,539$5,295$1,482$1,906
      The percentage of monthly income spent on housing related expenses can help predict the affordability of housing in Land O' Lakes, FL, as well as what the overall cost of living might be. Generally, a good rule to follow is that the debt-to-income (DTI) level you want to maintain is 28 percent or less of your income on your rent or mortgage payments and not more than 36 percent of income on all expenses and debts. In Land O' Lakes, homeowners have a median income of $87,254. Using that number, a maximum of $2,036 per month should be allocated to housing expenses. For those who are renting instead of owning, the median income is $63,539, which means there is a maximum of $1,482 to be spent on the costs of renting a home or apartment.

      Florida Sales Tax

      State General Sales Tax With Max Surtax
      Florida 6% 7.5%

      Florida Income Tax

      State Income Tax (Low) Income Tax (High)
      Florida 0% 0%

      Goods & Services

      Item Land O' Lakes National avg. Difference
      Haircut $15.67$24.2635.4%
      Beauty Salon $54.72$45.5620.1%
      Toothpaste $3.67$3.700.8%
      Shampoo $1.48$1.2815.3%
      Movie $8.61$12.1329.1%
      Bowling $19.67$18.009.3%

      Groceries

      Item Land O' Lakes National avg. Difference
      Ground Beef $6.06$5.843.8%
      Fried Chicken $1.48$1.575.7%
      Milk $4.56$4.672.3%
      Potatoes $5.34$4.938.1%
      Pizza $8.38$12.0930.6%
      Beer $10.69$10.412.6%

      Health Care

      Item Land O' Lakes National avg. Difference
      Optometrist $146.67$125.6816.7%
      Doctor $122.32$135.789.9%
      Dentist $103.33$113.298.8%
      Ibuprofen $10.74$10.650.8%
      Lipitor $523.90$468.6011.8%

      Housing

      Item Land O' Lakes National avg. Difference
      Home Price $249,100.00$184,700.0034.9%
      Avg. Mortgage Payment $1,846.50$2,346.6921.3%
      Apartment Rent $1,421.00$949.0049.7%

      Transportation

      Item Land O' Lakes National avg. Difference
      Gasoline $3.42$3.461.0%
      Tire Balancing $57.28$59.924.4%

      Utilities

      Item Land O' Lakes National avg. Difference
      All Electricity $219.66$193.9913.2%
      Phone $194.37$192.251.1%
      Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

      Nearby cities with low cost of living

      City Population Cost of Living Index National Avg.
      Moon Lake, FL4,2348317.1%
      Zephyrhills West, FL5,4098416.3%
      Bayonet Point, FL26,7048812.2%
      New Port Richey East, FL10,6519010.2%
      Jasmine Estates, FL22,572909.9%
      Land O' Lakes, FL38,7301099.1%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Severna Park, MD38,72915049.6%
      Issaquah, WA38,70717676.1%
      Clovis, NM38,7019010.3%
      Hot Springs, AR38,6978910.7%
      Mission Bend, TX38,6931021.6%
      Land O' Lakes, FL38,7301099.1%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.