salaryRent is lower than in 71% of U.S. cities. A typical house costs about 3.9 years of household income. Commutes are long, about 33.8 minutes each way. Most homes (85.4%) are owned, so rentals can be hard to find.
How much money do I need?
To rent here comfortably, you should earn about $50,760 a year. That is $24 an hour at a full-time job.
Is rent cheaper than other Florida cities?
Yes. Rent here is cheaper than in most of Florida. It is number 42 of 479 cities from cheapest to most expensive.
How much do households earn in Lakewood Park?
Share of households by yearly income. 12.8% of households earn $100,000 or more.
Rent by apartment size in Lakewood Park
| Size | Lakewood Park | U.S. average |
|---|---|---|
| 2 bedrooms | $1,026 | $1,509 |
| 3 bedrooms | $1,658 | $1,698 |
| 4 bedrooms | $1,786 | $2,098 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Lakewood Park overall?
Everyday prices in Florida overall are 3% above the U.S. average (index 103.4, U.S. = 100).
Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Lakewood Park, so the Florida figure is shown.
Taxes and bills in Lakewood Park
Life in Lakewood Park
Is it cheaper to rent or buy in Lakewood Park?
Renting is cheaper right now: about $593 a month less.
Owning assumes a typical $268,400 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $26,840 for the down payment.
Frequently asked questions
What is the average rent in Lakewood Park, FL?
Renting in Lakewood Park costs a median of about $1,269 a month in 2026, including utilities. The Florida median is $1,963.
How much do I need to make to live in Lakewood Park?
To keep rent under 30% of income, you need about $50,760 a year, or $24 an hour at a full-time job.
Is Lakewood Park cheap or expensive?
Lakewood Park is rated OK: rent takes 22.1% of the typical household income of $69,049. It ranks 42nd cheapest of 479 Florida cities we track.
How much are property taxes in Lakewood Park?
The median homeowner in Lakewood Park pays $2,031 a year in property taxes, about 0.76% of the median home value.
Is Lakewood Park more expensive than the national average?
Overall prices in Florida are 3% above the U.S. average, according to the U.S. Bureau of Economic Analysis.
How much does a house cost in Lakewood Park?
The median home value in Lakewood Park is $268,400, about 3.9 times the typical yearly household income.
13,866 people live in Lakewood Park. Numbers are typical (middle) values.