Lakeland, CA

Very High · 130

California · Population 11,587 · Updated March 2026

$1,834
Median Rent / Month
$83,371
Median Income
$429,000
Median Home Value
$1,721
Owner Costs / Month

Affordability

How far your income goes in Lakeland

26.4%
Rent-to-Income Ratio
Moderate
Rent takes 25-35% of median income — moderate affordability.

Tax Burden in California

State-level tax rates that affect your costs

13.3%
Income Tax (Top Rate)
7.25%
Sales Tax
0.71%
Property Tax Rate

Estimated Annual Costs

$22,008
Annual Rent
$11,088
State Income Tax
$3,046
Property Tax (est.)

Cost of Living Overview

Lakeland has a significantly higher cost of living than most US cities, driven largely by premium housing costs. With a cost index of 130 (where 100 equals the national median), Lakeland residents can expect to pay median rent of $1,834/month while earning a median household income of $83,371/year.

The median home value in Lakeland, CA is $429,000, with typical monthly owner costs around $1,721 including mortgage, insurance, and taxes. With a rent-to-income ratio of 26.4%, Lakeland falls within the generally affordable range, though it's approaching the 30% burden threshold.

California's top income tax rate of 13.3% is among the highest in the nation, adding to the overall cost burden. Combined with a 7.25% sales tax rate and 0.71% effective property tax rate, the overall tax environment is a factor in the total cost of living in Lakeland.

Frequently Asked Questions

Common questions about living costs in Lakeland

What is the cost of living in Lakeland, CA?
The cost of living index in Lakeland, CA is 130 (US average = 100). Median monthly rent is $1,834, median household income is $83,371/year, and the median home value is $429,000.
Is Lakeland, CA affordable?
No, Lakeland is more expensive than the national average with a cost index of 130. The rent-to-income ratio is 26.4%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Lakeland, CA?
The median gross rent in Lakeland, CA is $1,834 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $22,008.
What is the median household income in Lakeland?
The median household income in Lakeland, CA is $83,371 per year. This compares to the national median of approximately $80,000.
What are the taxes like in California?
California has a top income tax rate of 13.3%, a sales tax of 7.25%, and an effective property tax rate of 0.71%.