Cost of Living in Lake Magdalene, FL
Population 31,733 · Florida · Data vintage 2023
(100 = US avg)
Lake Magdalene lands reasonably close to national benchmarks on most cost indicators, with a median home value of $336,000 — 10% above the US figure. That makes it a useful reference point for comparing with more extreme markets in Florida.
Lake Magdalene sits roughly 8 miles north of Tampa — close enough that regional housing and labor patterns are shaped largely by the larger market. Median home values run roughly 11% lower than Tampa's $375,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Lake Magdalene
The median home value in Lake Magdalene is $335,800 — 10% above the national median of $305,000. Median rent runs $1,342/month, 2% higher than the national median of $1,314/month. The median household income of $75,606/year is 1% higher than the US median of $74,580. The local unemployment rate is 3.0%, below the national average of 4.8%. Florida charges no state income tax, a meaningful advantage for take-home pay. Overall, Lake Magdalene has a cost of living index of 107 versus the US average of 100, meaning it is 7% more 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
💨 Air Quality
EPA AQS 2023 — county-level monitoring data
Frequently Asked Questions
What is the cost of living in Lake Magdalene, FL?
Lake Magdalene has a cost index of 107 (100 = national average). It is 7% above the national average.
What is average rent in Lake Magdalene, FL?
The median gross rent in Lake Magdalene is $1,342 per month based on 2023 Census data.
What is the average home price in Lake Magdalene?
The median home value in Lake Magdalene is $335,800 according to 2023 Census ACS data.
What is the median income in Lake Magdalene?
The median household income in Lake Magdalene is $75,606 per year (2023 ACS 5-year estimates).
What is the sales tax in Lake Magdalene, FL?
The combined state and local sales tax rate in Lake Magdalene is 7.0%. Florida has no state income tax.
Is Lake Magdalene, FL affordable?
Lake Magdalene is near the national average in terms of cost of living, with an index of 107 (100 = US average).
Lake Magdalene at a Glance
- Population
- 31,733
- Median Income
- $75,606
- Home Value
- $335,800
- Median Rent
- $1,342/mo
- Unemployment
- 3.0%
- Sales Tax
- 7.0%
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Florida Rankings
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