salaryRent is higher than in 71% of U.S. cities. A typical house costs about 4.2 years of household income.
How much money do I need?
To rent here comfortably, you should earn about $81,680 a year. That is $39 an hour at a full-time job.
Is rent cheaper than other Florida cities?
No. Rent here is more expensive than in most of Florida. It is number 275 of 479 cities from cheapest to most expensive.
How much do households earn in Lake Mary?
Share of households by yearly income. 43.2% of households earn $100,000 or more.
Rent by apartment size in Lake Mary
| Size | Lake Mary | U.S. average |
|---|---|---|
| Studio | $2,407 | $1,338 |
| 1 bedroom | $1,998 | $1,324 |
| 2 bedrooms | $2,262 | $1,509 |
| 3 bedrooms | $2,388 | $1,698 |
| 4 bedrooms | $3,288 | $2,098 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Lake Mary 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 Mary, so the Florida figure is shown.
Taxes and bills in Lake Mary
Life in Lake Mary
Is it cheaper to rent or buy in Lake Mary?
Renting is cheaper right now: about $1,392 a month less.
Owning assumes a typical $494,900 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $49,490 for the down payment.
Frequently asked questions
What is the average rent in Lake Mary, FL?
Renting in Lake Mary costs a median of about $2,042 a month in 2026, including utilities. The Florida median is $1,963.
How much do I need to make to live in Lake Mary?
To keep rent under 30% of income, you need about $81,680 a year, or $39 an hour at a full-time job.
Is Lake Mary cheap or expensive?
Lake Mary is rated OK: rent takes 20.8% of the typical household income of $117,743. It ranks 275th cheapest of 479 Florida cities we track.
How much are property taxes in Lake Mary?
The median homeowner in Lake Mary pays $3,521 a year in property taxes, about 0.71% of the median home value.
Is Lake Mary 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 Mary?
The median home value in Lake Mary is $494,900, about 4.2 times the typical yearly household income.
16,860 people live in Lake Mary. Numbers are typical (middle) values.