Cost of Living in Lake County, Florida
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
How Lake County Compares
Median monthly rent comparison
Detailed Housing Stats
Data Story
About Cost of Living in Lake County, Florida
Lake County renters stretch their budgets
Lake County's rent-to-income ratio of 25.2% exceeds the national average, meaning local renters dedicate roughly a quarter of their earnings to housing. At $1,468 monthly rent versus a median income of $69,956, the affordability gap is noticeable but still manageable compared to Florida's priciest metro areas.
Above average cost in Florida
Lake County's 25.2% rent-to-income ratio places it above Florida's state average of 22.5%, signaling tighter housing affordability across the county. Median rent of $1,468 reflects Lake County's position as a growth-oriented region with increasing demand and property costs.
Pricier than rural neighbors
Lake County's $1,468 median rent substantially exceeds neighboring rural counties like Levy ($826) and Marion County areas, though it remains cheaper than coastal hotspots like Lee ($1,597) and Manatee ($1,549). This reflects Lake's status as a regional hub with more urban amenities and job opportunities than surrounding counties.
Owners pay more, renters stretch further
Lake County renters spend $1,468 monthly (25.2% of income), while homeowners face $1,096 mortgage costs on median homes valued at $287,900. For renters, nearly one-quarter of take-home pay goes to housing; homeowners with substantial down payments enjoy better equity-building but still carry significant monthly obligations.
Lake County: growth with housing trade-offs
Lake County offers job growth and urban conveniences at the cost of higher housing burden than rural alternatives—renters here spend 25.2% of income on rent versus Lafayette's 17.4%. If you prioritize career opportunities and don't mind a tighter housing budget, Lake's median home value of $287,900 and active market may justify the trade.
Affordability Calculator
See how your income compares to housing costs in Lake County
Rent Burden
25.2%
of gross income
Max Housing (28% Rule)
$1,632
per month
Owner Cost Burden
18.8%
of gross income
The median home in Lake County may be a stretch
Median home value is $287,900. Estimated monthly cost: $2,298 vs. your max of $1,632.
Rent Affordability Guide
Frequently Asked Questions
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See Today's RatesData: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.