Cost of Living in Cypress Gardens, FL

Population 10,013 · Florida · Data vintage 2023

100
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Cypress Gardens is a smaller Florida community of around 10000 residents, where median household incomes of $85,997 and housing costs ($271,000 for a typical home) give the local cost-of-living profile a distinctly small-town shape. An unemployment rate of 1.3% points to a labor market well on the tight side of the national distribution.

Located 15 miles east of Lakeland, Cypress Gardens falls within that metro's commuting orbit. Median home values run roughly 18% higher than Lakeland's $229,000.

Cost Overview

Housing 89
Rent 117

Scale: 100 = US national average. Green < 90, Red > 110.

About the Cost of Living in Cypress Gardens

The median home value in Cypress Gardens is $270,600 — 11% below the national median of $305,000. Median rent runs $1,540/month, 17% higher than the national median of $1,314/month. The median household income of $85,997/year is 15% higher than the US median of $74,580. The local unemployment rate is 1.3%, below the national average of 4.8%. Florida charges no state income tax, a meaningful advantage for take-home pay. The climate averages highs of 84.2°F and lows of 64.9°F. Overall, Cypress Gardens has a cost of living index of 100 versus the US average of 100, meaning it is on par with the national average.

🏠 Housing

Median Home Value
$270,600
11% below avg
Median Rent
$1,540/mo
17% above avg
Price-to-Rent Ratio
14.6x
Favors buying
Property Tax Rate
0.9%
Effective rate

HUD Fair Market Rents by Bedroom

Studio
$1,085
1 BR
$1,181
2 BR
$1,427
3 BR
$1,797
4 BR
$2,099
Owner-occupied 79.2%
Renter-occupied 20.8%

💰 Estimated Monthly Budget

Rent median rent
$1,540
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $2,154/mo

Estimates based on median data and national averages. Actual costs vary.

🛒 Food & Groceries

National BLS average prices (2023). Local prices may vary.

🥚
Eggs (dozen)
$0.548
🍞
White Bread (lb)
$1.912
🥩
Ground Beef (lb)
$5.61

🚗 Transportation

Avg Commute
31.7 min
17% above avg
Gas Price
$3.145/gal
0% below avg
Work From Home
6.5%

Commute Mode

Drove alone
90.4%
Carpooled
2.8%
Work from home
6.5%

Utilities

Electricity
$0.176/kWh
0% below avg

📋 Taxes

State Income Tax (flat) None
Total Sales Tax 7.0%
State rate 6.0%
Avg local rate 1.1%
Property Tax 0.9%

💼 Income & Employment

Median Household Income
$85,997
15% above avg
Per Capita Income
$38,643
Unemployment Rate
1.3%
72% below avg
Poverty Rate
11.6%
Labor Force Participation
61.9%

🎓 Education

Bachelor's degree+ 18.3%
Graduate degree 12.8%

👥 Demographics

Median Age 37.8
Male median age 35.8
Female median age 39.4

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High
84.2°F
Avg Low
64.9°F
Annual Precip
46.1"
50° 63° 75° 88° 100° JFMAMJJASOND High Low Precip
Month JanFebMarAprMayJunJulAugSepOctNovDec
High °F 737680859092939391868074
Low °F 525559636974757674686055
Precip" 2.492.443.042.502.677.367.446.525.312.221.452.68

💨 Air Quality

EPA AQS 2023 — county-level monitoring data

Median AQI 42 — Good
75.3%
Good air days/yr
101
Max AQI recorded
145
PM2.5 days
220
Ozone days

Frequently Asked Questions

What is the cost of living in Cypress Gardens, FL?

Cypress Gardens has a cost index of 100 (100 = national average). It is near the national average.

What is average rent in Cypress Gardens, FL?

The median gross rent in Cypress Gardens is $1,540 per month based on 2023 Census data.

What is the average home price in Cypress Gardens?

The median home value in Cypress Gardens is $270,600 according to 2023 Census ACS data.

What is the median income in Cypress Gardens?

The median household income in Cypress Gardens is $85,997 per year (2023 ACS 5-year estimates).

What is the sales tax in Cypress Gardens, FL?

The combined state and local sales tax rate in Cypress Gardens is 7.0%. Florida has no state income tax.

Is Cypress Gardens, FL affordable?

Cypress Gardens is near the national average in terms of cost of living, with an index of 100 (100 = US average).

What is the weather like in Cypress Gardens?

Cypress Gardens has average high temperatures of 84.2°F and average lows of 64.9°F. Annual precipitation is 46.1". Data from NOAA 1991–2020 Climate Normals.

Cypress Gardens at a Glance

Population
10,013
Median Income
$85,997
Home Value
$270,600
Median Rent
$1,540/mo
Unemployment
1.3%
Avg High Temp
84.2°F
Sales Tax
7.0%
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