Discretionary Income in Lakeland, FL in 2024
Discretionary income is the money that’s left over after taxes and cost of living expenses, and you can have more of it – if you know where to live and work. Discretionary Income = Gross Salary – Taxes – Cost of Living
Lakeland, FL is ranked 40th out of the top 333 most populated cities in the U.S. for having the highest discretionary income. Therefore, it is considered as one of the cities, where on average per month, you will have the most amount of money left in your pocket compared to other cities.
Monthly Discretionary Income for Renters in Lakeland, FL
Gross Salary
$8,333
Taxes
$1,188
Cost of Living
$3,573
Discretionary Income
$3,572
With a gross annual salary of $100,000 in Lakeland, FL, you would need to deduct approximately $1,188 per month for taxes. Given that the average cost of living in Lakeland is $3,573, you would have around $3,572 remaining in your pocket each month after expenses.
The following table calculates the expected Discretionary Income for each salary bracket in Lakeland, FL, regardless of household composition or number of income earners.
Salary and Discretionary Income Per Gross Salary Level in Lakeland, FL in 2024
| Gross Annual Salary | Estimated Monthly Discretionary Income in Lakeland, FL |
|---|---|
| $30,000 | -$1,216 |
| $40,000 | -$482 |
| $50,000 | $251 |
| $60,000 | $972 |
| $70,000 | $1,622 |
| $80,000 | $2,272 |
| $90,000 | $2,922 |
| $100,000 | $3,572 |
| $110,000 | $4,221 |
| $120,000 | $4,854 |
| $130,000 | $5,488 |
| $140,000 | $6,121 |
| $150,000 | $6,754 |
| $175,000 | $8,338 |
| $200,000 | $9,894 |
| $250,000 | $12,715 |
| $300,000 | $15,423 |
| $350,000 | $18,132 |
| $400,000 | $20,840 |
| $450,000 | $23,548 |
| $500,000 | $26,257 |
Discretionary Income in Lakeland, FL in 2024
Discretionary income is the money that’s left over after taxes and cost of living expenses, and you can have more of it – if you know where to live and work. Discretionary Income = Gross Salary – Taxes – Cost of Living
Lakeland, FL is ranked 36th out of the top 333 most populated cities in the U.S. for having the highest discretionary income for singles. Therefore, it is considered as one of the cities, where on average per month, you will have the most amount of money left in your pocket compared to other cities.
Monthly Discretionary Income for Renters in Lakeland, FL
Gross Salary
$8,333
Taxes
$1,188
Cost of Living
$2,390
Discretionary Income
$4,755
With a gross annual salary of $100,000 in Lakeland, FL, a single person would need to deduct approximately $1,188 per month for taxes. Considering the average cost of living in Lakeland is $2,390, singles would have around $4,755 remaining in their pocket each month after expenses.
The following table calculates the expected Discretionary Income for each salary bracket in Lakeland, FL, assuming that the gross salary is earned by a single person.
Salary and Discretionary Income Per Gross Salary Level in Lakeland, FL in 2024
| Gross Annual Salary | Estimated Monthly Discretionary Income in Lakeland, FL |
|---|---|
| $30,000 | -$33 |
| $40,000 | $701 |
| $50,000 | $1,434 |
| $60,000 | $2,155 |
| $70,000 | $2,805 |
| $80,000 | $3,455 |
| $90,000 | $4,105 |
| $100,000 | $4,755 |
| $110,000 | $5,404 |
| $120,000 | $6,037 |
| $130,000 | $6,671 |
| $140,000 | $7,304 |
| $150,000 | $7,937 |
| $175,000 | $9,521 |
| $200,000 | $11,077 |
| $250,000 | $13,898 |
| $300,000 | $16,607 |
| $350,000 | $19,315 |
| $400,000 | $22,023 |
| $450,000 | $24,732 |
| $500,000 | $27,440 |
Discretionary Income in Lakeland, FL in 2024
Discretionary income is the money that’s left over after taxes and cost of living expenses, and you can have more of it – if you know where to live and work. Discretionary Income = Gross Salary – Taxes – Cost of Living
Lakeland, FL is ranked 47th out of the top 333 most populated cities in the U.S. for having the highest discretionary income for couples. Therefore, it is considered as one of the cities, where on average per month, you will have the most amount of money left in your pocket compared to other cities.
Monthly Discretionary Income for Renters in Lakeland, FL
Gross Salary
$8,333
Taxes
$1,188
Cost of Living
$3,543
Discretionary Income
$3,602
With a gross annual salary of $100,000 in Lakeland, FL, a couple would need to deduct approximately $1,188 per month for taxes. Considering the average cost of living in Lakeland is $3,543, couples would have around $3,602 remaining in their pocket each month after expenses.
The following table calculates the expected Discretionary Income for each salary bracket in Lakeland, FL, assuming that the gross salary is earned by a couple.
Salary and Discretionary Income Per Gross Salary Level in Lakeland, FL in 2024
| Gross Annual Salary | Estimated Monthly Discretionary Income in Lakeland, FL |
|---|---|
| $30,000 | -$1,186 |
| $40,000 | -$453 |
| $50,000 | $280 |
| $60,000 | $1,002 |
| $70,000 | $1,652 |
| $80,000 | $2,302 |
| $90,000 | $2,952 |
| $100,000 | $3,602 |
| $110,000 | $4,251 |
| $120,000 | $4,884 |
| $130,000 | $5,517 |
| $140,000 | $6,151 |
| $150,000 | $6,784 |
| $175,000 | $8,367 |
| $200,000 | $9,924 |
| $250,000 | $12,745 |
| $300,000 | $15,453 |
| $350,000 | $18,161 |
| $400,000 | $20,804 |
| $450,000 | $23,429 |
| $500,000 | $26,054 |
Discretionary Income in Lakeland, FL in 2024
Discretionary income is the money that’s left over after taxes and cost of living expenses, and you can have more of it – if you know where to live and work. Discretionary Income = Gross Salary – Taxes – Cost of Living
Lakeland, FL is ranked 37th out of the top 333 most populated cities in the U.S. for having the highest discretionary income for single parents. Therefore, it is considered as one of the cities, where on average per month, you will have the most amount of money left in your pocket compared to other cities.
Monthly Discretionary Income for Renters in Lakeland, FL
Gross Salary
$8,333
Taxes
$927
Cost of Living
$3,485
Discretionary Income
$3,922
With a gross annual salary of $100,000 in Lakeland, FL, a single parent would need to deduct approximately $927 per month for taxes. Considering the average cost of living in Lakeland is $3,485, single parents would have around $3,922 remaining in their pocket each month after expenses.
The following table calculates the expected Discretionary Income for each salary bracket in Lakeland, FL, assuming that the gross salary is earned by a single parent.
Salary and Discretionary Income Per Gross Salary Level in Lakeland, FL in 2024
| Gross Annual Salary | Estimated Monthly Discretionary Income in Lakeland, FL |
|---|---|
| $30,000 | -$1,061 |
| $40,000 | -$317 |
| $50,000 | $416 |
| $60,000 | $1,149 |
| $70,000 | $1,883 |
| $80,000 | $2,616 |
| $90,000 | $3,272 |
| $100,000 | $3,922 |
| $110,000 | $4,572 |
| $120,000 | $5,215 |
| $130,000 | $5,848 |
| $140,000 | $6,482 |
| $150,000 | $7,115 |
| $175,000 | $8,698 |
| $200,000 | $10,282 |
| $250,000 | $13,134 |
| $300,000 | $15,848 |
| $350,000 | $18,556 |
| $400,000 | $21,265 |
| $450,000 | $23,973 |
| $500,000 | $26,681 |
Discretionary Income in Lakeland, FL in 2024
Discretionary income is the money that’s left over after taxes and cost of living expenses, and you can have more of it – if you know where to live and work. Discretionary Income = Gross Salary – Taxes – Cost of Living
Lakeland, FL is ranked 51st out of the top 333 most populated cities in the U.S. for having the highest discretionary income for families. Therefore, it is considered as one of the cities, where on average per month, you will have more money left in your pocket compared to other cities.
Monthly Discretionary Income for Renters in Lakeland, FL
Gross Salary
$8,333
Taxes
$686
Cost of Living
$4,873
Discretionary Income
$2,774
With a gross annual salary of $100,000 in Lakeland, FL, a family would need to deduct approximately $686 per month for taxes. Considering the average cost of living in Lakeland is $4,873, families would have around $2,774 remaining in their pocket each month after expenses.
The following table calculates the expected Discretionary Income for each salary bracket in Lakeland, FL, assuming that the gross salary is earned by the family head(s).
Salary and Discretionary Income Per Gross Salary Level in Lakeland, FL in 2024
| Gross Annual Salary | Estimated Monthly Discretionary Income in Lakeland, FL |
|---|---|
| $30,000 | -$2,392 |
| $40,000 | -$1,642 |
| $50,000 | -$893 |
| $60,000 | -$159 |
| $70,000 | $574 |
| $80,000 | $1,307 |
| $90,000 | $2,041 |
| $100,000 | $2,774 |
| $110,000 | $3,507 |
| $120,000 | $4,217 |
| $130,000 | $4,867 |
| $140,000 | $5,517 |
| $150,000 | $6,167 |
| $175,000 | $7,792 |
| $200,000 | $9,417 |
| $250,000 | $12,614 |
| $300,000 | $15,781 |
| $350,000 | $18,948 |
| $400,000 | $22,060 |
| $450,000 | $24,894 |
| $500,000 | $27,702 |