Cost of Living in Cloud Lake, FL

With a cost of living index of 107, Cloud Lake, FL is somewhat more expensive than average. Living here is 7% more expensive than the national average and 3% below the Florida state average of 110. Cloud Lake is a small community of 213 residents.

Housing costs are the biggest factor in Cloud Lake's cost of living. The median monthly rent is $1,600 (21% above the US median of $1,319), and the median home value sits at $232,100 (24% below the national median of $304,900). At current prices, the median home costs roughly 3.3x the median household income — a moderately affordable ratio by today's standards.

The median household income in Cloud Lake is $69,886, which is 7% lower than the national median of $75,149. Residents spend roughly 27% of household income on rent. This is near the 30% threshold that financial experts generally consider the upper limit of affordability.

Everyday prices in the Miami-Fort Lauderdale-West Palm Beach, FL (Metropolitan Statistical Area) metro area tend to run above the national average. Out of 6 common grocery and utility items tracked by the Bureau of Labor Statistics, 5 are priced higher 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.