DeLand, FL vs Lakewood Park, FL

DeLand, FL and Lakewood Park, FL have a very similar cost of living, with only a 2.5% difference in their overall index. DeLand scores 95 while Lakewood Park scores 92 on the cost of living index, where 100 represents the national average. The day-to-day expenses for residents in both cities are comparable, though differences emerge when looking at specific categories.

On the housing front, median rent in DeLand is $1,159/month compared to $1,185/month in Lakewood Park — a 2% difference. Interestingly, home values tell a different story: while DeLand has cheaper rent, Lakewood Park actually has lower median home values ($252,900 vs $303,500).

Median household income in DeLand is $73,352 compared to $64,848 in Lakewood Park (+13.1%). While DeLand is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of DeLand spend roughly 19% of their income on rent, less than the 21.9% in Lakewood Park.