Lutz, FL Cost Of Living
Cost Of Living In Lutz, FL Summary
Cost of living in Lutz 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 Lutz 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 Lutz is 104, with 100 being the average.
The cost of living index in Lutz is 1.0x higher than the national average.
Lutz ranks as the #306 cheapest in Florida out of 459.
Lutz ranks as the #3,585 cheapest out of 6,412 in the US.
The median home value in Lutz is $350,100.
The median income in Lutz is $96,792.
Table Of Contents
Lutz's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Lutz, FL?
According to the most recent data on the cost of living, Lutz has an overall cost of living index of 104, which is 1.0x higher than the national index of 100.
Compared to Florida, Lutz has a cost of living index that's 1.0x higher than Florida's index of 101.
The standard of living in Lutz ranks as #306 most affordable out of the 459 places we measured in Florida. By definition, that implies Lutz ranks as the #153 most expensive place in the Sunshine State.
For more reading on life in Lutz, check out:
- Living In Lutz
- Search Homes For Sale In Lutz, FL
In Florida
In America
Lutz Cost Of Living Vs. Florida
Six factors go into calculating the cost of living index in Lutz. Here is how it fairs on each of the criteria:
The Services index in Lutz is 98.
The Groceries index in Lutz is 105.
The Health index in Lutz is 97.
The Housing index in Lutz is 123.
The Transportation index in Lutz is 98.
The Utilities index in Lutz is 101.
| Living Expense | Lutz | Florida | National Average | |
|---|---|---|---|---|
| Overall | 104 | 101 | 100 | |
| Services | 98 | 98 | 100 | |
| Groceries | 105 | 101 | 100 | |
| Health | 97 | 96 | 100 | |
| Housing | 123 | 108 | 100 | |
| Transportation | 98 | 98 | 100 | |
| Utilities | 101 | 100 | 100 | |
Lutz, 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 Lutz is $350,100.
The Median Rent in Lutz is $1,404.
The Median Income in Lutz is $96,792.
The Home Value To Income in Lutz is 3.6x.
The Rent To Monthly Income in Lutz is 0.17x.
| Statistic | Lutz | Florida | United States |
|---|---|---|---|
| Median Home Value | $350,100 | $248,700 | $244,900 |
| Median Rent | $1,404 | $1,301 | $1,163 |
| Median Income | $96,792 | $61,777 | $69,021 |
| Home Value To Income | 3.6x | 4.0x | 3.5x |
| Rent To Monthly Income | 0.17x | 0.25x | 0.2x |
Median Home Value
Median Rent
Median Income
Lutz, FL Costs By Category
Detailed Lutz Services Costs Vs. Florida
Detailed Lutz Groceries Costs Vs. Florida
Detailed Lutz Health Costs Vs. Florida
Detailed Lutz Transportation Costs Vs. Florida
Detailed Lutz Utilities Costs Vs. Florida
Lutz SnackAbility
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Cost Of Living In Cities Around Lutz
The cost of living varies in the cities and towns around Lutz. Here's a quick look at the cost of living in the most populous nearby places:
Brandon, FL has a cost of living index of 99, 1.0x Lutz.
Palm Harbor, FL has a cost of living index of 100, 1.0x Lutz.
Carrollwood, FL has a cost of living index of 100, 1.0x Lutz.
| City | Population | Cost Of Living | Vs. Lutz |
|---|---|---|---|
| Brandon, FL | 115,330 | 99 | 1.0x |
| Palm Harbor, FL | 60,682 | 100 | 1.0x |
| Carrollwood, FL | 35,846 | 100 | 1.0x |
| Lake Magdalene, FL | 31,211 | 101 | 1.0x |
| Citrus Park, FL | 27,440 | 101 | 1.0x |
| Temple Terrace, FL | 26,585 | 99 | 1.0x |
| Keystone, FL | 25,397 | 125 | 1.2x |
| Northdale, FL | 24,924 | 102 | 1.0x |
| Trinity, FL | 18,191 | 116 | 1.1x |
| Safety Harbor, FL | 17,093 | 104 | 1.0x |
