salaryRent is higher than in 53% of U.S. cities. A typical house costs about 4.6 years of household income.
How much money do I need?
To rent here comfortably, you should earn about $68,680 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 139 of 479 cities from cheapest to most expensive.
How much do households earn in Lake Magdalene?
Share of households by yearly income. 29.7% of households earn $100,000 or more.
Rent by apartment size in Lake Magdalene
| Size | Lake Magdalene | U.S. average |
|---|---|---|
| Studio | $1,488 | $1,338 |
| 1 bedroom | $1,351 | $1,324 |
| 2 bedrooms | $1,535 | $1,509 |
| 3 bedrooms | $2,202 | $1,698 |
| 4 bedrooms | $2,031 | $2,098 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Lake Magdalene overall?
Everyday prices in Florida overall are 3% above the U.S. average (index 103.4, U.S. = 100).
Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Lake Magdalene, so the Florida figure is shown.
Taxes and bills in Lake Magdalene
Life in Lake Magdalene
Is it cheaper to rent or buy in Lake Magdalene?
Renting is cheaper right now: about $863 a month less.
Owning assumes a typical $371,800 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $37,180 for the down payment.
Frequently asked questions
What is the average rent in Lake Magdalene, FL?
Renting in Lake Magdalene costs a median of about $1,717 a month in 2026, including utilities. The Florida median is $1,963.
How much do I need to make to live in Lake Magdalene?
To keep rent under 30% of income, you need about $68,680 a year, or $33 an hour at a full-time job.
Is Lake Magdalene cheap or expensive?
Lake Magdalene is rated OK: rent takes 25.3% of the typical household income of $81,528. It ranks 139th cheapest of 479 Florida cities we track.
How much are property taxes in Lake Magdalene?
The median homeowner in Lake Magdalene pays $2,826 a year in property taxes, about 0.76% of the median home value.
Is Lake Magdalene 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 Magdalene?
The median home value in Lake Magdalene is $371,800, about 4.6 times the typical yearly household income.
32,083 people live in Lake Magdalene. Numbers are typical (middle) values.