States › Florida › Lake Alfred

Is Lake Alfred, FL expensive to live in?

OKRent takes 23 cents of every $1 people earn here.
🏠 Rent per month (2026)$1,41919% lower than U.S. average
💵 Families earn per year (2026)$72,477about $6,040/month · 17% lower than U.S. average
🔑 House price$239,90028% lower than U.S. average

Rent is lower than in 62% of U.S. cities. A typical house costs about 3.3 years of household income. Commutes are long, about 31.9 minutes each way.

How much money do I need?

To rent here comfortably, you should earn about $56,760 a year. That is $27 an hour at a full-time job.

Is rent cheaper than other Florida cities?

Yes. Rent here is cheaper than in most of Florida. It is number 69 of 479 cities from cheapest to most expensive.

Lake Alfred
$1,419
South Apopka
$1,145
Fort Pierce North
$969
Clewiston
$2,124
Kathleen
$1,312
Balm
$2,400
Neptune Beach
$2,755

How much do households earn in Lake Alfred?

Under $25k
24.5%
$25k–50k
13.8%
$50k–100k
32.7%
$100k–150k
17.8%
$150k+
10.5%

Share of households by yearly income. 28.2% of households earn $100,000 or more.

Rent by apartment size in Lake Alfred

SizeLake AlfredU.S. average
2 bedrooms$1,202$1,509
3 bedrooms$1,680$1,698

Median monthly rent plus utilities for all renters, by number of bedrooms.

How expensive is Lake Alfred overall?

Everyday prices in Florida overall are 3% above the U.S. average (index 103.4, U.S. = 100).

Housing
122
Goods (food, clothes…)
98
Utilities
90
Other services
101
U.S. average
100

Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Lake Alfred, so the Florida figure is shown.

Taxes and bills in Lake Alfred

🏛️ Property tax$1,660a year · 0.69% of home value · U.S. $3,119
⚡ Electric bill$209a month (typical) · U.S. $156

Life in Lake Alfred

Commute to work31.9 minU.S.: 26.4 min
College degree24.4%U.S.: 35.7%
Own their home70.1%U.S.: 65.2%
Below poverty line9.4%U.S.: 12.5%
Unemployment6.5%U.S.: 5.2%

Is it cheaper to rent or buy in Lake Alfred?

Renting is cheaper right now: about $246 a month less.

Renting
$1,419
Owning
$1,665

Owning assumes a typical $239,900 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $23,990 for the down payment.

Frequently asked questions

What is the average rent in Lake Alfred, FL?

Renting in Lake Alfred costs a median of about $1,419 a month in 2026, including utilities. The Florida median is $1,963.

How much do I need to make to live in Lake Alfred?

To keep rent under 30% of income, you need about $56,760 a year, or $27 an hour at a full-time job.

Is Lake Alfred cheap or expensive?

Lake Alfred is rated OK: rent takes 23.5% of the typical household income of $72,477. It ranks 69th cheapest of 479 Florida cities we track.

How much are property taxes in Lake Alfred?

The median homeowner in Lake Alfred pays $1,660 a year in property taxes, about 0.69% of the median home value.

Is Lake Alfred more expensive than the national average?

Overall prices in Florida are 3% above the U.S. average, according to the U.S. Bureau of Economic Analysis.

How much does a house cost in Lake Alfred?

The median home value in Lake Alfred is $239,900, about 3.3 times the typical yearly household income.

7,277 people live in Lake Alfred. Numbers are typical (middle) values.