Three Lakes, FL Cost Of Living
Cost Of Living In Three Lakes, FL Summary
Cost of living in Three Lakes 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 Three Lakes 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 Three Lakes is 117, with 100 being the average.
The cost of living index in Three Lakes is 1.2x higher than the national average.
Three Lakes ranks as the #399 cheapest in Florida out of 459.
Three Lakes ranks as the #4,628 cheapest out of 6,412 in the US.
The median home value in Three Lakes is $357,700.
The median income in Three Lakes is $74,863.
Table Of Contents
Three Lakes's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Three Lakes, FL?
According to the most recent data on the cost of living, Three Lakes has an overall cost of living index of 117, which is 1.2x higher than the national index of 100.
Compared to Florida, Three Lakes has a cost of living index that's 1.2x higher than Florida's index of 101.
The standard of living in Three Lakes ranks as #399 most affordable out of the 459 places we measured in Florida. By definition, that implies Three Lakes ranks as the #60 most expensive place in the Sunshine State.
For more reading on life in Three Lakes, check out:
- Living In Three Lakes
- Search Homes For Sale In Three Lakes, FL
In Florida
In America
Three Lakes Cost Of Living Vs. Florida
Six factors go into calculating the cost of living index in Three Lakes. Here is how it fairs on each of the criteria:
The Services index in Three Lakes is 103.
The Groceries index in Three Lakes is 119.
The Health index in Three Lakes is 105.
The Housing index in Three Lakes is 138.
The Transportation index in Three Lakes is 110.
The Utilities index in Three Lakes is 101.
| Living Expense | Three Lakes | Florida | National Average | |
|---|---|---|---|---|
| Overall | 117 | 101 | 100 | |
| Services | 103 | 98 | 100 | |
| Groceries | 119 | 101 | 100 | |
| Health | 105 | 96 | 100 | |
| Housing | 138 | 108 | 100 | |
| Transportation | 110 | 98 | 100 | |
| Utilities | 101 | 100 | 100 | |
Three Lakes, 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 Three Lakes is $357,700.
The Median Rent in Three Lakes is $2,042.
The Median Income in Three Lakes is $74,863.
The Home Value To Income in Three Lakes is 4.8x.
The Rent To Monthly Income in Three Lakes is 0.33x.
| Statistic | Three Lakes | Florida | United States |
|---|---|---|---|
| Median Home Value | $357,700 | $248,700 | $244,900 |
| Median Rent | $2,042 | $1,301 | $1,163 |
| Median Income | $74,863 | $61,777 | $69,021 |
| Home Value To Income | 4.8x | 4.0x | 3.5x |
| Rent To Monthly Income | 0.33x | 0.25x | 0.2x |
Median Home Value
Median Rent
Median Income
Three Lakes, FL Costs By Category
Detailed Three Lakes Services Costs Vs. Florida
| Item | Three Lakes | Florida |
|---|---|---|
| Shampoo | $1.11 | $1.06 |
| Movie | $13.23 | $10.68 |
| Bowling | $22.13 | $14.67 |
| Haircut | $14.37 | $18.62 |
| Beauty Salon | $70.0 | $39.05 |
Detailed Three Lakes Groceries Costs Vs. Florida
| Item | Three Lakes | Florida |
|---|---|---|
| Ground Beef | $4.27 | $4.22 |
| Fried Chicken | $1.73 | $1.39 |
| Milk | $3.16 | $2.05 |
| Potatoes | $3.86 | $3.29 |
| Pizza | $9.1 | $10.62 |
| Beer | $10.98 | $9.38 |
| Toothpaste | $1.87 | $2.34 |
Detailed Three Lakes Health Costs Vs. Florida
| Item | Three Lakes | Florida |
|---|---|---|
| Optometrist | $105.63 | $108.57 |
| Doctor | $111.06 | $116.17 |
| Dentist | $107.78 | $99.13 |
Detailed Three Lakes Transportation Costs Vs. Florida
| Item | Three Lakes | Florida |
|---|---|---|
| Gasoline | $2.24 | $2.22 |
| Tire Balancing | $60.69 | $50.07 |
Detailed Three Lakes Utilities Costs Vs. Florida
| Item | Three Lakes | Florida |
|---|---|---|
| All Electricity | $162.18 | $167.67 |
| Phone | $188.17 | $175.64 |
Three Lakes SnackAbility
/10
Cost Of Living In Cities Around Three Lakes
The cost of living varies in the cities and towns around Three Lakes. Here's a quick look at the cost of living in the most populous nearby places:
Kendall, FL has a cost of living index of 123, 1.1x Three Lakes.
The Hammocks, FL has a cost of living index of 116, 1.0x Three Lakes.
Tamiami, FL has a cost of living index of 116, 1.0x Three Lakes.
| City | Population | Cost Of Living | Vs. Three Lakes |
|---|---|---|---|
| Kendall, FL | 78,007 | 123 | 1.1x |
| The Hammocks, FL | 61,461 | 116 | 1.0x |
| Tamiami, FL | 54,525 | 116 | 1.0x |
| Kendale Lakes, FL | 53,392 | 108 | 0.9x |
| Coral Gables, FL | 49,269 | 164 | 1.4x |
| Richmond West, FL | 37,626 | 117 | 1.0x |
| South Miami Heights, FL | 36,239 | 102 | 0.9x |
| Miami Lakes, FL | 30,582 | 125 | 1.1x |
| Coral Terrace, FL | 25,869 | 117 | 1.0x |
| The Crossings, FL | 22,382 | 116 | 1.0x |
