Cost of Living in Lakewood Ranch, FL
Population 39,434 · Florida · Data vintage 2023
(100 = US avg)
Lakewood Ranch's housing market reflects its status as a high-earning metro: $627,000 for a typical home, 105% above the US median, paired with household incomes around $123,471 that put it in the upper third of the state.
Lakewood Ranch is about 30 miles south of Riverview, the nearest large metro — close enough that regional housing and labor patterns are shaped largely by the larger market. Median home values run roughly 84% higher than Riverview's $341,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Lakewood Ranch
The median home value in Lakewood Ranch is $626,500 — 105% above the national median of $305,000. Median rent runs $2,213/month, 68% higher than the national median of $1,314/month. The median household income of $123,471/year is 66% higher than the US median of $74,580. The local unemployment rate is 3.2%, below the national average of 4.8%. Florida charges no state income tax, a meaningful advantage for take-home pay. Overall, Lakewood Ranch has a cost of living index of 191 versus the US average of 100, meaning it is 91% 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 Lakewood Ranch, FL?
Lakewood Ranch has a cost index of 191 (100 = national average). It is 91% above the national average.
What is average rent in Lakewood Ranch, FL?
The median gross rent in Lakewood Ranch is $2,213 per month based on 2023 Census data.
What is the average home price in Lakewood Ranch?
The median home value in Lakewood Ranch is $626,500 according to Zillow and Census data.
What is the median income in Lakewood Ranch?
The median household income in Lakewood Ranch is $123,471 per year (2023 ACS 5-year estimates).
What is the sales tax in Lakewood Ranch, FL?
The combined state and local sales tax rate in Lakewood Ranch is 7.0%. Florida has no state income tax.
Is Lakewood Ranch, FL affordable?
Lakewood Ranch is above average in cost of living, with an index of 191 — about 91% higher than the national average.
Lakewood Ranch at a Glance
- Population
- 39,434
- Median Income
- $123,471
- Home Value
- $626,500
- Median Rent
- $2,213/mo
- Unemployment
- 3.2%
- Sales Tax
- 7.0%
Nearby Cities
Explore county-level cost of living data
Florida Rankings
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