Cost of Living in Cypress Lake, FL
Population 13,145 · Florida · Data vintage 2023
(100 = US avg)
With a median age of 61, Cypress Lake functions largely as a retirement market. Housing costs — $238,000 for a typical home — anchor most household budgets, and the state's treatment of pension income tends to matter more than wage-driven tax comparisons.
Located 9 miles southeast of Cape Coral, Cypress Lake falls within that metro's commuting orbit. Median home values run roughly 30% lower than Cape Coral's $339,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Cypress Lake
The median home value in Cypress Lake is $237,700 — 22% below the national median of $305,000. Median rent runs $1,699/month, 29% higher than the national median of $1,314/month. The median household income of $62,767/year is 16% lower than the US median of $74,580. The local unemployment rate is 4.7%, 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 84.9°F and lows of 65.8°F. Overall, Cypress Lake has a cost of living index of 98 versus the US average of 100, meaning it is 2% less expensive.
🏠 Housing
HUD Fair Market Rents by Bedroom
💰 Estimated Monthly Budget
Estimates based on median data and national averages. Actual costs vary.
🛒 Food & Groceries
National BLS average prices (2023). Local prices may vary.
🚗 Transportation
Commute Mode
⚡ Utilities
📋 Taxes
💼 Income & Employment
🎓 Education
👥 Demographics
🌤 Climate
NOAA 1991–2020 Climate Normals
| Month | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| High °F | 75 | 78 | 81 | 85 | 90 | 91 | 92 | 92 | 90 | 87 | 81 | 77 |
| Low °F | 54 | 57 | 60 | 64 | 69 | 74 | 75 | 75 | 74 | 69 | 62 | 57 |
| Precip" | 2.43 | 1.78 | 2.07 | 2.44 | 3.46 | 9.66 | 9.38 | 10.43 | 9.00 | 3.08 | 1.78 | 1.90 |
💨 Air Quality
EPA AQS 2023 — county-level monitoring data
Frequently Asked Questions
What is the cost of living in Cypress Lake, FL?
Cypress Lake has a cost index of 98 (100 = national average). It is 2% below the national average.
What is average rent in Cypress Lake, FL?
The median gross rent in Cypress Lake is $1,699 per month based on 2023 Census data.
What is the average home price in Cypress Lake?
The median home value in Cypress Lake is $237,700 according to Zillow and Census data.
What is the median income in Cypress Lake?
The median household income in Cypress Lake is $62,767 per year (2023 ACS 5-year estimates).
What is the sales tax in Cypress Lake, FL?
The combined state and local sales tax rate in Cypress Lake is 7.0%. Florida has no state income tax.
Is Cypress Lake, FL affordable?
Cypress Lake is near the national average in terms of cost of living, with an index of 98 (100 = US average).
What is the weather like in Cypress Lake?
Cypress Lake has average high temperatures of 84.9°F and average lows of 65.8°F. Annual precipitation is 57.4". Data from NOAA 1991–2020 Climate Normals.
Cypress Lake at a Glance
- Population
- 13,145
- Median Income
- $62,767
- Home Value
- $237,700
- Median Rent
- $1,699/mo
- Unemployment
- 4.7%
- Avg High Temp
- 84.9°F
- Sales Tax
- 7.0%
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