Cost of Living in Eagle Lake, FL

Population 3,382 · Florida · Data vintage 2023

86
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Eagle Lake offers a notably favorable income-to-housing ratio for its region. The typical home — $228,000 — costs less than 3.2 times median household income of $70,208, a threshold many coastal markets passed a decade ago.

Geographically, Eagle Lake sits roughly 13 miles east of Lakeland. Housing prices track closely with Lakeland's $229,000 median.

Cost Overview

Housing 75
Rent 103

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

About the Cost of Living in Eagle Lake

The median home value in Eagle Lake is $227,700 — 25% below the national median of $305,000. Median rent runs $1,355/month, 3% higher than the national median of $1,314/month. The median household income of $70,208/year is 6% lower than the US median of $74,580. The local unemployment rate is 3.4%, 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, Eagle Lake has a cost of living index of 86 versus the US average of 100, meaning it is 14% less expensive.

🏠 Housing

Median Home Value
$227,700
25% below avg
Zillow Home Value
$421,479
Zillow ZHVI
Median Rent
$1,355/mo
3% above avg
Zillow Rent
$1,975/mo
Zillow ZORI
Price-to-Rent Ratio
14.0x
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 78.7%
Renter-occupied 21.3%

💰 Estimated Monthly Budget

Rent median rent
$1,355
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,969/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
31.4 min
16% above avg
Gas Price
$3.145/gal
0% below avg
Work From Home
14.0%

Commute Mode

Drove alone
76.8%
Carpooled
9.1%
Work from home
14.0%

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
$70,208
6% below avg
Per Capita Income
$34,114
Unemployment Rate
3.4%
30% below avg
Poverty Rate
8.0%
Labor Force Participation
71.4%

🎓 Education

Bachelor's degree+ 11.7%
Graduate degree 4.9%

👥 Demographics

Median Age 30.2
Male median age 27.8
Female median age 31.2

🌤 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 Eagle Lake, FL?

Eagle Lake has a cost index of 86 (100 = national average). It is 14% below the national average.

What is average rent in Eagle Lake, FL?

The median gross rent in Eagle Lake is $1,355 per month based on 2023 Census data.

What is the average home price in Eagle Lake?

The median home value in Eagle Lake is $227,700 according to Zillow and Census data.

What is the median income in Eagle Lake?

The median household income in Eagle Lake is $70,208 per year (2023 ACS 5-year estimates).

What is the sales tax in Eagle Lake, FL?

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

Is Eagle Lake, FL affordable?

Yes, Eagle Lake is generally considered affordable, with a cost of living index of 86 — about 14% below the US national average of 100.

What is the weather like in Eagle Lake?

Eagle Lake 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.

Eagle Lake at a Glance

Population
3,382
Median Income
$70,208
Home Value
$227,700
Median Rent
$1,355/mo
Unemployment
3.4%
Avg High Temp
84.2°F
Sales Tax
7.0%
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Explore county-level cost of living data

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