Cost of Living in Lake Kathryn, FL

With a cost of living index of 74, Lake Kathryn, FL is one of the most affordable cities in the country. Living here is 26% cheaper than the national average and 36% below the Florida state average of 110. Lake Kathryn is a small community of 797 residents.

Housing costs are the biggest factor in Lake Kathryn's cost of living. The median monthly rent is $1,005 (24% below the US median of $1,319), and the median home value sits at $94,900 (69% 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 Lake Kathryn is $51,223, which is 32% lower than the national median of $75,149. Residents spend roughly 24% 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 Kathryn. The area sees an average annual temperature of 73.2°F, with summers averaging 83°F and winters around 62°F. Annual rainfall totals 49.6 inches spread over roughly 133 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.