Cost of Living in Crooked Lake Park, FL

With a cost of living index of 96, Crooked Lake Park, FL is slightly more affordable than average. Living here is 4% cheaper than the national average and 14% below the Florida state average of 110. Crooked Lake Park is a small community of 2,151 residents.

Housing costs are the biggest factor in Crooked Lake Park's cost of living. The median monthly rent is $1,572 (19% above the US median of $1,319), and the median home value sits at $177,800 (42% below the national median of $304,900). At current prices, the median home costs roughly 3.2x the median household income — a moderately affordable ratio by today's standards.

The median household income in Crooked Lake Park is $55,260, which is 26% lower than the national median of $75,149. Residents spend roughly 34% of household income on rent. This exceeds the recommended 30% threshold, meaning many renters here are cost-burdened.

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.