States › Florida › Lake Lorraine

Is Lake Lorraine, FL expensive to live in?

CheapRent takes 19 cents of every $1 people earn here.
🏠 Rent per month (2026)$1,7401% lower than U.S. average
💵 Families earn per year (2026)$112,277about $9,356/month · 29% higher than U.S. average
🔑 House price$434,50031% higher than U.S. average

Rent is higher than in 54% of U.S. cities. A typical house costs about 3.9 years of household income.

How much money do I need?

To rent here comfortably, you should earn about $69,600 a year. That is $33 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 144 of 479 cities from cheapest to most expensive.

Lake Lorraine
$1,740
Orlovista
$1,525
St. Augustine Beach
$3,181
Live Oak
$960
South Patrick Shores
$2,161
Heathrow
$2,486
Perry
$1,084

How much do households earn in Lake Lorraine?

Under $25k
4.6%
$25k–50k
14.6%
$50k–100k
36.1%
$100k–150k
20.5%
$150k+
20.8%

Share of households by yearly income. 41.2% of households earn $100,000 or more.

Rent by apartment size in Lake Lorraine

SizeLake LorraineU.S. average
1 bedroom$1,184$1,324
2 bedrooms$1,506$1,509
3 bedrooms$1,933$1,698
4 bedrooms$2,230$2,098

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

How expensive is Lake Lorraine 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 Lorraine, so the Florida figure is shown.

Taxes and bills in Lake Lorraine

🏛️ Property tax$2,539a year · 0.58% of home value · U.S. $3,119
⚡ Electric bill$175a month (typical) · U.S. $156

Life in Lake Lorraine

Commute to work21.3 minU.S.: 26.4 min
College degree49.4%U.S.: 35.7%
Own their home73.2%U.S.: 65.2%
Below poverty line6.6%U.S.: 12.5%
Unemployment2.1%U.S.: 5.2%

Is it cheaper to rent or buy in Lake Lorraine?

Renting is cheaper right now: about $1,275 a month less.

Renting
$1,740
Owning
$3,015

Owning assumes a typical $434,500 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $43,450 for the down payment.

Frequently asked questions

What is the average rent in Lake Lorraine, FL?

Renting in Lake Lorraine costs a median of about $1,740 a month in 2026, including utilities. The Florida median is $1,963.

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

To keep rent under 30% of income, you need about $69,600 a year, or $33 an hour at a full-time job.

Is Lake Lorraine cheap or expensive?

Lake Lorraine is rated Cheap: rent takes 18.6% of the typical household income of $112,277. It ranks 144th cheapest of 479 Florida cities we track.

How much are property taxes in Lake Lorraine?

The median homeowner in Lake Lorraine pays $2,539 a year in property taxes, about 0.58% of the median home value.

Is Lake Lorraine 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 Lorraine?

The median home value in Lake Lorraine is $434,500, about 3.9 times the typical yearly household income.

6,903 people live in Lake Lorraine. Numbers are typical (middle) values.