Inwood, FL Cost Of Living
Cost Of Living In Inwood, FL Summary
Cost of living in Inwood 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 Inwood 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 Inwood is 83, with 100 being the average.
The cost of living index in Inwood is 0.8x lower than the national average.
Inwood ranks as the #11 cheapest in Florida out of 459.
Inwood ranks as the #491 cheapest out of 6,412 in the US.
The median home value in Inwood is $94,400.
The median income in Inwood is $31,978.
Table Of Contents
Inwood's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Inwood, FL?
According to the most recent data on the cost of living, Inwood has an overall cost of living index of 83, which is 0.8x lower than the national index of 100.
Compared to Florida, Inwood has a cost of living index that's 0.8x lower than Florida's index of 101.
The standard of living in Inwood ranks as #11 most affordable out of the 459 places we measured in Florida. By definition, that implies Inwood ranks as the #448 most expensive place in the Sunshine State.
For more reading on life in Inwood, check out:
- Living In Inwood
- Search Homes For Sale In Inwood, FL
In Florida
In America
Inwood Cost Of Living Vs. Florida
Six factors go into calculating the cost of living index in Inwood. Here is how it fairs on each of the criteria:
The Services index in Inwood is 95.
The Groceries index in Inwood is 102.
The Health index in Inwood is 93.
The Housing index in Inwood is 51.
The Transportation index in Inwood is 98.
The Utilities index in Inwood is 102.
| Living Expense | Inwood | Florida | National Average | |
|---|---|---|---|---|
| Overall | 83 | 101 | 100 | |
| Services | 95 | 98 | 100 | |
| Groceries | 102 | 101 | 100 | |
| Health | 93 | 96 | 100 | |
| Housing | 51 | 108 | 100 | |
| Transportation | 98 | 98 | 100 | |
| Utilities | 102 | 100 | 100 | |
Inwood, 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 Inwood is $94,400.
The Median Rent in Inwood is $914.
The Median Income in Inwood is $31,978.
The Home Value To Income in Inwood is 3.0x.
The Rent To Monthly Income in Inwood is 0.34x.
| Statistic | Inwood | Florida | United States |
|---|---|---|---|
| Median Home Value | $94,400 | $248,700 | $244,900 |
| Median Rent | $914 | $1,301 | $1,163 |
| Median Income | $31,978 | $61,777 | $69,021 |
| Home Value To Income | 3.0x | 4.0x | 3.5x |
| Rent To Monthly Income | 0.34x | 0.25x | 0.2x |
Median Home Value
Median Rent
Median Income
Inwood, FL Costs By Category
Detailed Inwood Services Costs Vs. Florida
Detailed Inwood Groceries Costs Vs. Florida
Detailed Inwood Health Costs Vs. Florida
Detailed Inwood Transportation Costs Vs. Florida
Detailed Inwood Utilities Costs Vs. Florida
Inwood SnackAbility
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Cost Of Living In Cities Around Inwood
The cost of living varies in the cities and towns around Inwood. Here's a quick look at the cost of living in the most populous nearby places:
Lakeland, FL has a cost of living index of 90, 1.1x Inwood.
Poinciana, FL has a cost of living index of 95, 1.1x Inwood.
Winter Haven, FL has a cost of living index of 89, 1.1x Inwood.
| City | Population | Cost Of Living | Vs. Inwood |
|---|---|---|---|
| Lakeland, FL | 110,401 | 90 | 1.1x |
| Poinciana, FL | 68,922 | 95 | 1.1x |
| Winter Haven, FL | 48,707 | 89 | 1.1x |
| Bartow, FL | 18,880 | 90 | 1.1x |
| Lake Wales, FL | 16,173 | 88 | 1.1x |
| Auburndale, FL | 15,704 | 90 | 1.1x |
| Lakeland Highlands, FL | 11,326 | 105 | 1.3x |
| Cypress Gardens, FL | 10,223 | 95 | 1.1x |
| Highland, IL | 10,215 | 88 | 1.1x |
| Lake Alfred, FL | 6,196 | 89 | 1.1x |
