Cost of Living in Lake Butler, FL

With a cost of living index of 71, Lake Butler, FL is one of the most affordable cities in the country. Living here is 30% cheaper than the national average and 40% below the Florida state average of 110. Lake Butler is a small community of 1,842 residents.

Housing costs are the biggest factor in Lake Butler's cost of living. The median monthly rent is $725 (45% below the US median of $1,319), and the median home value sits at $154,200 (49% below the national median of $304,900). At current prices, the median home costs roughly 3.6x the median household income — a moderately affordable ratio by today's standards.

The median household income in Lake Butler is $43,134, which is 43% lower than the national median of $75,149. Residents spend roughly 20% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum. Lower incomes here are balanced by the significantly lower cost of living, stretching each dollar further.

Climate is another factor for anyone considering a move to Lake Butler. The area sees an average annual temperature of 69.3°F, with summers averaging 81°F and winters around 57°F. Annual rainfall totals 48.3 inches spread over roughly 114 days. The mild climate is a draw for many residents and keeps utility costs moderate year-round.

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.