Cost of living in Lake Worth
Lake Worth, located in the sunny state of Florida, offers a unique blend of cultural diversity and coastal charm. Understanding the cost of living in this vibrant city is crucial for both current residents and those considering a move.
This guide provides a detailed breakdown of expenses, from dining and groceries to housing and transportation, helping you make informed financial decisions.
Cost of Living Summary
Dining and Restaurants
- Inexpensive Restaurant Meal - A meal at a casual restaurant will typically cost $20 on average, with a range between $15 and $30.
- Mid-Range Restaurant (Three-Course Meal for Two) - For a more upscale dining experience, expect to pay around $65, with prices ranging from $38 to $150.
- Fast Food (e.g., McDonald's) - A McMeal or equivalent combo meal averages $10, with a range between $9.5 and $15.
- Beverages (e.g., Domestic Beer, Imported Beer, Cappuccino, Coke/Pepsi) - Domestic beer ranges from $3 to $10, imported beer $5.5 to $18, cappuccino $2.5 to $6, and Coke/Pepsi $1.25 to $3.59.
Grocery Prices
- Milk - Milk is priced between $0.81 and $1.19 per liter, averaging $1.09.
- Bread (Loaf of Fresh White Bread) - A loaf of fresh white bread costs between $1.65 and $5.02, with an average price of $3.
- Eggs (Dozen) - A dozen eggs range from $2.5 to $9.85, averaging $4.02.
- Fruits (e.g., Apples, Oranges) - Apples cost $1.98 to $6.61 per kg, while oranges range from $1.1 to $5.51 per kg.
- Vegetables (e.g., Potatoes, Lettuce) - Potatoes are priced between $1.1 and $3.64 per kg, and lettuce costs $1.3 to $3 per head.
Transportation
- Public Transport (One-Way Ticket) - A one-way local transport ticket costs $2.
- Fuel (Gasoline) - Gasoline is priced between $0.76 and $1.03 per liter.
- Taxi Fares - Taxi fares start at $2.5, with a cost of $0.62 per km.
Housing Costs
- 3-Bedroom Apartment Rent (City Centre) - Rent for a 3-bedroom apartment in the city centre averages $2200.
- 3-Bedroom Apartment Rent (Outside Centre) - Outside the centre, rent averages $1500.
Utilities
- Basic Utilities (Electricity, Heating, Water, etc.) - Basic utilities for an 85m2 apartment cost between $120 and $500, averaging $171.5.
- Internet - Internet services range from $45 to $70.57, with an average cost of $60.14.
Cost of Living Rankings
The cost of living indices for the United States are compared to New York City (NYC), which serves as the baseline with an index of 100. These provide insights into the relative cost of living in different cities in United States, covering factors like consumer goods, rent, and purchasing power.
Cost of Living Data
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"Key Takeaways"
Lake Worth offers a moderate cost of living with reasonable prices for dining and groceries. Housing costs can vary significantly depending on the location within the city.
Transportation is relatively affordable, with low costs for public transport and gasoline. Utilities and internet services are moderately priced, contributing to the overall cost of living.
Conclusion
In conclusion, Lake Worth, FL, presents a balanced cost of living that caters to a variety of lifestyles. While some areas like dining and transportation are affordable, housing costs can be higher, especially in the city centre.
Prospective residents should consider these factors when planning their budget, ensuring a comfortable and financially sustainable living experience in this charming Floridian city.