Cost of Living in Lake Hart, FL

With a cost of living index of 117, Lake Hart, FL is a notably expensive place to live. Living here is 17% more expensive than the national average and 7% above the Florida state average of 110. Lake Hart is a small community of 425 residents.

The median household income in Lake Hart is $98,068, which is 30% higher than the national median of $75,149. Residents spend roughly 23% 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 Hart. The area sees an average annual temperature of 73°F, with summers averaging 82°F and winters around 63°F. Annual rainfall totals 51.4 inches spread over roughly 121 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.