Cost of Living in Lake Butler, FL

With a cost of living index of 181, Lake Butler, FL is one of the most expensive cities in the United States. Living here is 81% more expensive than the national average and 71% above the Florida state average of 110. Lake Butler is a smaller community of 17,242 residents, where everyday costs can differ substantially from nearby larger cities.

Housing costs are the biggest factor in Lake Butler's cost of living. The median monthly rent is $2,413 (83% above the US median of $1,319), and the median home value sits at $886,300 (191% above the national median of $304,900). At current prices, the median home costs roughly 5x the median household income — a stretch for many buyers, though not uncommon in today's market.

The median household income in Lake Butler is $178,750, which is 138% higher than the national median of $75,149. Residents spend roughly 16% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum. While incomes are above average, they more than offset the higher cost of living.

Climate is another factor for anyone considering a move to Lake Butler. The area sees an average annual temperature of 73.8°F, with summers averaging 83°F and winters around 63°F. Annual rainfall totals 51.5 inches spread over roughly 130 days.

Everyday prices in the Orlando-Kissimmee-Sanford, 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.