Cost of Living in Babson Park, FL

With a cost of living index of 88, Babson Park, FL is a very affordable place to live. Living here is 12% cheaper than the national average and 23% below the Florida state average of 110. Babson Park is a small community of 1,156 residents.

The median household income in Babson Park is $56,500, which is 25% lower than the national median of $75,149. Lower incomes here are balanced by the significantly lower cost of living, stretching each dollar further.

Everyday prices in the Lakeland-Winter Haven, FL (Metropolitan Statistical Area) metro area are generally below the national average. Out of 6 common items tracked by the Bureau of Labor Statistics, 6 are priced lower than the US average. These real-world prices — from groceries to electricity — add up and should be factored into any cost of living comparison.

Data sources: US Census Bureau (ACS 2023), Zillow Home Values, HUD Fair Market Rents, BEA Regional Price Parities, BLS Average Prices, and NOAA Climate Normals. Updated monthly.