Cost of Living in Lady Lake, FL

Population 16,337 · Florida · Data vintage 2023

84
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

The median resident in Lady Lake is 66 years old, well past the national midpoint, giving the city the retail and service mix of a retirement-dominant market. Household-income figures here read differently than in working-age cities: retirement and investment income weigh heavily in the totals. At 6.7%, the local unemployment rate runs well above the US figure, pointing to structural rather than cyclical labor-market issues.

Lady Lake is about 45 miles northeast of Spring Hill, the nearest large metro — close enough that regional housing and labor patterns are shaped largely by the larger market. Median home values run roughly 12% lower than Spring Hill's $248,000.

Cost Overview

Housing 71
Rent 104

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

About the Cost of Living in Lady Lake

The median home value in Lady Lake is $217,900 — 29% below the national median of $305,000. Median rent runs $1,361/month, 4% higher than the national median of $1,314/month. The median household income of $47,260/year is 37% lower than the US median of $74,580. The local unemployment rate is 6.7%, above the national average of 4.8%. Florida charges no state income tax, a meaningful advantage for take-home pay. Overall, Lady Lake has a cost of living index of 84 versus the US average of 100, meaning it is 16% less expensive.

🏠 Housing

Median Home Value
$217,900
29% below avg
Zillow Home Value
$341,653
Zillow ZHVI
Median Rent
$1,361/mo
4% above avg
Zillow Rent
$1,586/mo
Zillow ZORI
Price-to-Rent Ratio
13.3x
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 70.4%
Renter-occupied 29.6%

💰 Estimated Monthly Budget

Rent median rent
$1,361
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,975/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
19.1 min
29% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
5.0%

Commute Mode

Drove alone
70.5%
Carpooled
13.0%
Walked
2.5%
Bicycle
2.2%
Work from home
5.0%

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
$47,260
37% below avg
Per Capita Income
$34,120
Unemployment Rate
6.7%
40% above avg
Poverty Rate
14.2%
Labor Force Participation
35.5%

🎓 Education

Bachelor's degree+ 14.3%
Graduate degree 10.6%

👥 Demographics

Median Age 66.2
Male median age 67
Female median age 64.8

💨 Air Quality

EPA AQS 2023 — county-level monitoring data

Median AQI 37 — Good
92.6%
Good air days/yr
97
Max AQI recorded
0
PM2.5 days
364
Ozone days

Frequently Asked Questions

What is the cost of living in Lady Lake, FL?

Lady Lake has a cost index of 84 (100 = national average). It is 16% below the national average.

What is average rent in Lady Lake, FL?

The median gross rent in Lady Lake is $1,361 per month based on 2023 Census data.

What is the average home price in Lady Lake?

The median home value in Lady Lake is $217,900 according to Zillow and Census data.

What is the median income in Lady Lake?

The median household income in Lady Lake is $47,260 per year (2023 ACS 5-year estimates).

What is the sales tax in Lady Lake, FL?

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

Is Lady Lake, FL affordable?

Yes, Lady Lake is generally considered affordable, with a cost of living index of 84 — about 16% below the US national average of 100.

Lady Lake at a Glance

Population
16,337
Median Income
$47,260
Home Value
$217,900
Median Rent
$1,361/mo
Unemployment
6.7%
Sales Tax
7.0%
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Explore county-level cost of living data

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