Cost of Living in Hillcrest Heights, FL

With a cost of living index of 83, Hillcrest Heights, 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. Hillcrest Heights is a small community of 374 residents.

Housing costs are the biggest factor in Hillcrest Heights's cost of living. The median monthly rent is $1,000 (24% below the US median of $1,319), and the median home value sits at $223,500 (27% below the national median of $304,900). At current prices, the median home costs roughly 1.9x the median household income — well within traditional affordability guidelines.

The median household income in Hillcrest Heights is $115,568, which is 54% higher than the national median of $75,149. Residents spend roughly 10% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum.

Climate is another factor for anyone considering a move to Hillcrest Heights. The area sees an average annual temperature of 74.6°F, with summers averaging 84°F and winters around 64°F. Annual rainfall totals 46.1 inches spread over roughly 128 days.

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.