A-
13%
Overall NAT. AVG.
5%
Goods & Services NAT. AVG.
37%
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 Lantana Florida National
Cost of living11398100
Goods & Services10598100
Groceries10499100
Health care9396100
Housing13796100
Transportation10199100
Utilities10397100

An Overview of Cost of Living in Lantana, FL

Are you thinking about relocating, but curious about the potential cost of living in Lantana? Is it more expensive or more affordable than average? Based on the most recent report, the cost of living in Lantana stands at 113, making it 13% higher than the national average. The cost of living directly affects the affordability of one's desired lifestyle. Knowing the cost of housing, transportation, groceries and other essentials in the new area allows people to gauge whether they can maintain their preferred standard of living.

Housing costs are a major factor in the Lantana cost of living index, and they often eat up a big chunk of your take-home pay. Unfortunately, in this area, housing expenses for both homeownership and rentals were 36.9% higher than what's typical in an average city. That includes the prices of homes and rents, as well as mortgage rates and insurance.

Is Lantana Affordable?

Is Lantana an affordable place to live? It's a good question and one that you might want to ask when considering any new city, as affordability can play a huge role in the decision making process. The cost of living index (which we covered above), as well as housing costs and income levels play a vital role in determining the affordability of an area. The median home price in Lantana is 41.3% higher than the national average, while the average monthly rent prices are 26.9% higher than average. The affordability of any location can also be influenced by median income levels. Lantana has a median household income of $52,796, which is 4.6% lower than the national average.

What Factors can Influence the Cost of Living in Lantana?

Groceries: Over the past 2-3 years, grocery expenses have experienced substantial upward trends. In certain markets, food prices have surged by over 20% during this period, while others have witnessed more modest increases. These fluctuations in food costs can wield significant influence over the overall cost of living in a given region. In Lantana, the groceries index is 4.3% higher than the national average.

Utilities: Like everything else, utilities costs can range significantly depending on factors like climate, energy sources available, location and even state regulations. Things like electricity, water, heating and waste disposal costs can be higher or lower, depending on the city or state. The utilities index in Lantana comes in at 2.8% higher than the national average.

Healthcare: Healthcare costs and insurance premiums can fluctuate greatly based on the city or state. Access to healthcare facilities, out-of-pocket expenses for doctor\’s visits, dentist costs, medication costs and specialized care costs can all impact the cost of living. In Lantana, the healthcare costs are 6.6% lower than the national average.

Where is the Data From?

The cost of living data in Lantana displayed above is sourced from the C2ER cost of living index, which serves as a practical tool for comparing living expenses across urban areas. Published on a quarterly basis, this index aggregates data from over 300 independent researchers, encompassing more than 60 goods and services, in 6 different categories. The weightings assigned to cost differences rely on government survey data that tracks the spending habits of professional and executive households. It's worth noting that the C2ER index excludes data on sales or income tax rates, while AreaVibes integrates tax rates into the overall cost of living evaluation for each region.

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Cost Of Living Quick Facts

  • The cost of living in Lantana is 16% higher than the Florida average
  • The cost of living in Lantana is 13% higher than the national average
  • Lantana housing is 37% 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 Lantana

See all the best places to live around Lantana

Compare Lantana, 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$60,206$5,017$1,405$1,806
      Renters$41,108$3,426$959$1,233
      To approximate the cost of living and the housing affordability in Lantana, FL, we can look at the percentage of income that is available to be spent on monthly housing, otherwise known as the debt-to-income ratio (DTI). To stay on the safe side, a consumer should not spend more than 28% of his or her gross income on housing-related expenses and costs and not more than 36% of income on all expenses and debts. Homeowners in Lantana have a median income of $60,206. Therefore, the amount that a consumer should spend on housing costs should be no more than $1,405 per month to avoid calamity and poverty. The renters in the city have an income of about $41,108, which would make their monthly maximum allowable rental costs $959.

      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 Lantana National avg. Difference
      Haircut $22.18$24.268.6%
      Beauty Salon $73.78$45.5661.9%
      Toothpaste $3.50$3.705.6%
      Shampoo $1.49$1.2816.0%
      Movie $13.42$12.1310.6%
      Bowling $23.13$18.0028.5%

      Groceries

      Item Lantana National avg. Difference
      Ground Beef $5.79$5.840.8%
      Fried Chicken $1.40$1.5711.2%
      Milk $4.58$4.672.0%
      Potatoes $5.27$4.936.8%
      Pizza $14.00$12.0915.8%
      Beer $11.23$10.417.9%

      Health Care

      Item Lantana National avg. Difference
      Optometrist $113.16$125.6810.0%
      Doctor $114.67$135.7815.5%
      Dentist $106.72$113.295.8%
      Ibuprofen $10.94$10.652.7%
      Lipitor $489.98$468.604.6%

      Housing

      Item Lantana National avg. Difference
      Home Price $260,900.00$184,700.0041.3%
      Avg. Mortgage Payment $3,476.17$2,346.6948.1%
      Apartment Rent $1,204.00$949.0026.9%

      Transportation

      Item Lantana National avg. Difference
      Gasoline $3.43$3.460.9%
      Tire Balancing $63.46$59.925.9%

      Utilities

      Item Lantana National avg. Difference
      All Electricity $200.94$193.993.6%
      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.
      Plantation Mobile Home Park, FL1,6538713.1%
      Mangonia Park, FL2,228973.0%
      Lake Worth, FL36,838981.6%
      San Castle, FL4,0611010.5%
      Royal Palm Estates, FL1,6151011.1%
      Lantana, FL11,95811313.3%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      South Miami, FL11,95815151.0%
      East Bethel, MN11,9581087.6%
      Pecos, TX11,9578514.9%
      Westview, FL11,9551088.4%
      Lansing, KS11,955973.4%
      Lantana, FL11,95811313.3%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.