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)
These figures are county medians, not a personal budget. Use them to frame rent, ownership, and income tradeoffs, then account for household size, commute, financing, insurance, taxes, debt, and local availability before making a decision.
How Lake County Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Lake County ranks #2,718 of 3,142 counties for affordability (bottom 13%)
Sourced county brief
Lake County Median Gross Rent Estimated at $1,586 Per Month
Median gross rent in Lake County is $1,586 per month, a figure that is $282 above the Florida unweighted county mean of $1,304. The official B25071 median gross rent as a percentage of household income (GRAPI) is 34.4%, which is 1.6 percentage points higher than the state unweighted county mean of 32.8%. In the ownership market, the median home value in the county was estimated at $318,400, positioned above the state unweighted county mean of $284,325. Median selected monthly owner costs for all owner-occupied units are $1,157, which differs from the state unweighted county mean of $1,039 by $118. Renter households in the county have an estimated median income of $53,609. These statistics are based on the American Community Survey 5-year estimates for the period ending in 2024. See ACS table B25071 for the underlying estimate.
Source record
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25064 Median Gross Rent
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25071 GRAPI
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25077 Median Home Value
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25088 Selected Monthly Owner Costs
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25119 Household Income by Tenure
Data version acs5-2020-2024 · Method cost-brief-v1
Cost of Living Advisory: Lake County
Affordability Verdict
ACS B25071 estimates median gross rent at 34.4% of renter household income in Lake County, which is between the 30% and 50% rent-burden benchmarks. This is a median percentage among renter-occupied units, not the share of households above a threshold.
Rent vs. Own
Median gross rent is $1,586 per month; median selected monthly owner costs are $1,157. These ACS medians describe different tenure groups and are not a personalized rent-versus-buy calculation.
Income Needed
Using the common 30% budgeting benchmark, $63,440 in annual gross income would allocate 30% to the county's median gross rent. This is a reproducible illustration, not evidence that a particular household can afford housing.
Regional Context
The Florida unweighted mean of county median rents is $1,304 per month. Lake County's $1,586 median is 21.7% above that comparison value.
Data version acs5-2020-2024 · Method cost-advisory-v2
Affordability Calculator
See how your income compares to housing costs in Lake County
Rent Burden
26.0%
of gross income
Max Housing (28% Rule)
$1,707
per month
Owner Cost Burden
19.0%
of gross income
The median home in Lake County may be a stretch
Median home value is $318,400. Estimated monthly cost: $2,542 vs. your max of $1,707.
Rent Affordability Guide
Income Needed Calculator
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Based on the 30% rule for rent and 28% rule for housing costs (mortgage + owner costs). Mortgage estimate assumes 20% down, 7.2% interest, 30-year fixed.
Frequently Asked Questions
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See Today's RatesData: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2020-2024). Data is informational only and is not personalized financial advice.
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