Cost of Living in Crystal Lake, FL

With a cost of living index of 83, Crystal Lake, FL is a very affordable place to live. Living here is 17% cheaper than the national average and 27% below the Florida state average of 110. Crystal Lake is a smaller community of 5,203 residents, where everyday costs can differ substantially from nearby larger cities.

Housing costs are the biggest factor in Crystal Lake's cost of living. The median monthly rent is $1,143 (13% below the US median of $1,319), and the median home value sits at $174,900 (43% below the national median of $304,900). At current prices, the median home costs roughly 3.7x the median household income — a moderately affordable ratio by today's standards.

The median household income in Crystal Lake is $47,679, which is 37% lower than the national median of $75,149. Residents spend roughly 29% of household income on rent. This is near the 30% threshold that financial experts generally consider the upper limit of affordability. 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.