Fern Park, FL Cost Of Living
Cost Of Living In Fern Park, FL Summary
Cost of living in Fern Park research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Fern Park is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Florida, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Fern Park is 95, with 100 being the average.
The cost of living index in Fern Park is 0.9x lower than the national average.
Fern Park ranks as the #164 cheapest in Florida out of 459.
Fern Park ranks as the #2,449 cheapest out of 6,412 in the US.
The median home value in Fern Park is $256,600.
The median income in Fern Park is $56,327.
Table Of Contents
Fern Park's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Fern Park, FL?
According to the most recent data on the cost of living, Fern Park has an overall cost of living index of 95, which is 0.9x lower than the national index of 100.
Compared to Florida, Fern Park has a cost of living index that's 0.9x lower than Florida's index of 101.
The standard of living in Fern Park ranks as #164 most affordable out of the 459 places we measured in Florida. By definition, that implies Fern Park ranks as the #295 most expensive place in the Sunshine State.
For more reading on life in Fern Park, check out:
- Living In Fern Park
- Search Homes For Sale In Fern Park, FL
In Florida
In America
Fern Park Cost Of Living Vs. Florida
Six factors go into calculating the cost of living index in Fern Park. Here is how it fairs on each of the criteria:
The Services index in Fern Park is 92.
The Groceries index in Fern Park is 104.
The Health index in Fern Park is 91.
The Housing index in Fern Park is 90.
The Transportation index in Fern Park is 96.
The Utilities index in Fern Park is 100.
| Living Expense | Fern Park | Florida | National Average | |
|---|---|---|---|---|
| Overall | 95 | 101 | 100 | |
| Services | 92 | 98 | 100 | |
| Groceries | 104 | 101 | 100 | |
| Health | 91 | 96 | 100 | |
| Housing | 90 | 108 | 100 | |
| Transportation | 96 | 98 | 100 | |
| Utilities | 100 | 100 | 100 | |
Fern Park, FL Housing Cost Breakdown
Housing swings affordability the most between places in Florida, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Fern Park is $256,600.
The Median Rent in Fern Park is $1,237.
The Median Income in Fern Park is $56,327.
The Home Value To Income in Fern Park is 4.6x.
The Rent To Monthly Income in Fern Park is 0.26x.
| Statistic | Fern Park | Florida | United States |
|---|---|---|---|
| Median Home Value | $256,600 | $248,700 | $244,900 |
| Median Rent | $1,237 | $1,301 | $1,163 |
| Median Income | $56,327 | $61,777 | $69,021 |
| Home Value To Income | 4.6x | 4.0x | 3.5x |
| Rent To Monthly Income | 0.26x | 0.25x | 0.2x |
Median Home Value
Median Rent
Median Income
Fern Park, FL Costs By Category
Detailed Fern Park Services Costs Vs. Florida
Detailed Fern Park Groceries Costs Vs. Florida
Detailed Fern Park Health Costs Vs. Florida
Detailed Fern Park Transportation Costs Vs. Florida
Detailed Fern Park Utilities Costs Vs. Florida
Fern Park SnackAbility
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Cost Of Living In Cities Around Fern Park
The cost of living varies in the cities and towns around Fern Park. Here's a quick look at the cost of living in the most populous nearby places:
Ocoee, FL has a cost of living index of 101, 1.1x Fern Park.
Altamonte Springs, FL has a cost of living index of 94, 1.0x Fern Park.
Oviedo, FL has a cost of living index of 106, 1.1x Fern Park.
| City | Population | Cost Of Living | Vs. Fern Park |
|---|---|---|---|
| Ocoee, FL | 46,562 | 101 | 1.1x |
| Altamonte Springs, FL | 45,732 | 94 | 1.0x |
| Oviedo, FL | 39,405 | 106 | 1.1x |
| Winter Springs, FL | 38,021 | 100 | 1.1x |
| Winter Park, FL | 29,672 | 117 | 1.2x |
| Casselberry, FL | 28,750 | 90 | 0.9x |
| Wekiwa Springs, FL | 24,049 | 108 | 1.1x |
| Maitland, FL | 19,154 | 115 | 1.2x |
| Lake Mary, FL | 16,459 | 111 | 1.2x |
| Longwood, FL | 15,085 | 97 | 1.0x |
