Cost of Living in Lochmoor Waterway Estates, FL

Population 5,791 · Florida · Data vintage 2023

124
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Lochmoor Waterway Estates skews considerably older than the national median, with an average age of 55. Reported household income of $87,606 often reflects pension and investment income rather than wages, which makes the local tax picture — especially property tax treatment — a larger factor than in working-age cities.

Located 6 miles east of Cape Coral, Lochmoor Waterway Estates falls within that metro's commuting orbit. Housing prices track closely with Cape Coral's $339,000 median.

Cost Overview

Housing 110
Rent 144

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

About the Cost of Living in Lochmoor Waterway Estates

The median home value in Lochmoor Waterway Estates is $335,600 — 10% above the national median of $305,000. Median rent runs $1,898/month, 44% higher than the national median of $1,314/month. The median household income of $87,606/year is 17% higher 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, Lochmoor Waterway Estates has a cost of living index of 124 versus the US average of 100, meaning it is 24% more expensive.

🏠 Housing

Median Home Value
$335,600
10% above avg
Median Rent
$1,898/mo
44% above avg
Price-to-Rent Ratio
14.7x
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 87.7%
Renter-occupied 12.3%

💰 Estimated Monthly Budget

Rent median rent
$1,898
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $2,512/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
28.7 min
6% above avg
Gas Price
$3.145/gal
0% below avg
Work From Home
15.5%

Commute Mode

Drove alone
68.3%
Carpooled
9.6%
Walked
2.0%
Work from home
15.5%

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
$87,606
17% above avg
Per Capita Income
$50,181
Unemployment Rate
4.7%
2% below avg
Poverty Rate
6.5%
Labor Force Participation
56.8%

🎓 Education

Bachelor's degree+ 26.0%
Graduate degree 11.8%

👥 Demographics

Median Age 55.4
Male median age 52
Female median age 57.5

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High
84.9°F
Avg Low
65.8°F
Annual Precip
57.4"
50° 63° 75° 88° 100° JFMAMJJASOND High Low Precip
Month JanFebMarAprMayJunJulAugSepOctNovDec
High °F 757881859091929290878177
Low °F 545760646974757574696257
Precip" 2.431.782.072.443.469.669.3810.439.003.081.781.90

💨 Air Quality

EPA AQS 2023 — county-level monitoring data

Median AQI 35 — Good
94.5%
Good air days/yr
101
Max AQI recorded
0
PM2.5 days
363
Ozone days

Frequently Asked Questions

What is the cost of living in Lochmoor Waterway Estates, FL?

Lochmoor Waterway Estates has a cost index of 124 (100 = national average). It is 24% above the national average.

What is average rent in Lochmoor Waterway Estates, FL?

The median gross rent in Lochmoor Waterway Estates is $1,898 per month based on 2023 Census data.

What is the average home price in Lochmoor Waterway Estates?

The median home value in Lochmoor Waterway Estates is $335,600 according to 2023 Census ACS data.

What is the median income in Lochmoor Waterway Estates?

The median household income in Lochmoor Waterway Estates is $87,606 per year (2023 ACS 5-year estimates).

What is the sales tax in Lochmoor Waterway Estates, FL?

The combined state and local sales tax rate in Lochmoor Waterway Estates is 7.0%. Florida has no state income tax.

Is Lochmoor Waterway Estates, FL affordable?

Lochmoor Waterway Estates is above average in cost of living, with an index of 124 — about 24% higher than the national average.

What is the weather like in Lochmoor Waterway Estates?

Lochmoor Waterway Estates 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.

Lochmoor Waterway Estates at a Glance

Population
5,791
Median Income
$87,606
Home Value
$335,600
Median Rent
$1,898/mo
Unemployment
4.7%
Avg High Temp
84.9°F
Sales Tax
7.0%
View all cities in Florida →
🗺️ County data for Florida

Explore county-level cost of living data

Similar Cost Cities

Cities in other states with comparable housing costs