What is the cost of living in Lake Magdalene, FL?
According to the most recent data on the cost of living, Lake Magdalene has an overall cost of living index of 111, which is 1.1x higher than the national index of 100.
Compared to Florida, Lake Magdalene has a cost of living index that's 1.1x higher than Florida's index of 104.
The standard of living in Lake Magdalene ranks as #234 most affordable out of the 462 places we measured in Florida. By definition, that implies Lake Magdalene ranks as the #228 most expensive place in the Sunshine State.
For more reading on life in Lake Magdalene, check out:
Lake Magdalene Cost Of Living Vs. Florida
Six factors go into calculating the cost of living index in Lake Magdalene. Here is how it fares on each of the criteria:
The Services index in Lake Magdalene is 102.
The Groceries index in Lake Magdalene is 99.
The Health index in Lake Magdalene is 130.
The Housing index in Lake Magdalene is 102.
The Transportation index in Lake Magdalene is 107.
The Utilities index in Lake Magdalene is 108.
| Living Expense | Lake Magdalene | Florida | National Average |
|---|---|---|---|
| Overall | 111 | 104 | 100 |
| Services | 102 | 101 | 100 |
| Groceries | 99 | 105 | 100 |
| Health | 130 | 99 | 100 |
| Housing | 102 | 104 | 100 |
| Transportation | 107 | 109 | 100 |
| Utilities | 108 | 105 | 100 |
Lake Magdalene Cost Of Living Compared To Florida Averages
Index where 100 = national average. Source: cost-of-living index 2026.
For more reading on cost of living around Florida, check out:
Protect your home budget Compare home warranties in Lake Magdalene Get matched →Source: Cost-of-living index 2026, normalized to US average = 100
Lake Magdalene, FL Housing Cost Breakdown
Housing swings affordability the most between places in Florida, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2020-2024. The key points are:
The Median Home Value in Lake Magdalene is $389,055.
The Median Rent in Lake Magdalene is $1,434.
The Median Income in Lake Magdalene is $75,594.
The Home Value To Income in Lake Magdalene is 5.1x.
The Rent To Monthly Income in Lake Magdalene is 0.23x.
| Statistic | Lake Magdalene | Florida | United States |
|---|---|---|---|
| Median Home Value | $389,055 | $375,661 | $332,700 |
| Median Rent | $1,434 | $1,669 | $1,413 |
| Median Income | $75,594 | $74,568 | $80,734 |
| Home Value To Income | 5.1x | 5.0x | 4.1x |
| Rent To Monthly Income | 0.23x | 0.27x | 0.21x |
Lake Magdalene, FL Costs By Category
Detailed Lake Magdalene Services costs vs. Florida
| Item | Lake Magdalene | Florida |
|---|---|---|
| Shampoo | $1.48 | $1.28 |
| Movie | $8.61 | $12.13 |
| Bowling | $19.67 | $18 |
| Haircut | $15.67 | $24.26 |
| Beauty Salon | $54.72 | $45.56 |
Detailed Lake Magdalene Groceries costs vs. Florida
| Item | Lake Magdalene | Florida |
|---|---|---|
| Ground Beef | $6.06 | $5.84 |
| Fried Chicken | $1.48 | $1.57 |
| Milk | $4.56 | $4.67 |
| Potatoes | $5.34 | $4.93 |
| Pizza | $8.38 | $12.09 |
| Beer | $10.69 | $10.41 |
| Toothpaste | $3.67 | $3.7 |
Detailed Lake Magdalene Health costs vs. Florida
| Item | Lake Magdalene | Florida |
|---|---|---|
| Optometrist | $146.67 | $125.68 |
| Doctor | $122.32 | $135.78 |
| Dentist | $103.33 | $113.29 |
Detailed Lake Magdalene Transportation costs vs. Florida
| Item | Lake Magdalene | Florida |
|---|---|---|
| Gasoline | $3.42 | $3.46 |
| Tire Balancing | $57.28 | $59.92 |
Detailed Lake Magdalene Utilities costs vs. Florida
| Item | Lake Magdalene | Florida |
|---|---|---|
| All Electricity | $219.66 | $193.99 |
| Phone | $194.37 | $192.25 |
Lake Magdalene SnackAbility
Cost Of Living In Cities Around Lake Magdalene
The cost of living varies in the cities and towns around Lake Magdalene. Here's a quick look at the cost of living in the most populous nearby places:
Palm Harbor, FL has a cost of living index of 114, 1.0x Lake Magdalene.
Valrico, FL has a cost of living index of 115, 1.0x Lake Magdalene.
Carrollwood, FL has a cost of living index of 115, 1.0x Lake Magdalene.
| City | Population | Cost Of Living | Vs. Lake Magdalene |
|---|---|---|---|
| Palm Harbor, FL | 61,512 | 114 | 1.0x |
| Valrico, FL | 40,239 | 115 | 1.0x |
| Carrollwood, FL | 36,725 | 115 | 1.0x |
| Egypt Lake-Leto, FL | 35,873 | 104 | 0.9x |
| Citrus Park, FL | 28,804 | 119 | 1.1x |
| Temple Terrace, FL | 27,275 | 110 | 1.0x |
| Lutz, FL | 27,106 | 122 | 1.1x |
| Northdale, FL | 25,710 | 117 | 1.1x |
| Westchase, FL | 24,885 | 128 | 1.2x |
| Bloomingdale, FL | 23,827 | 117 | 1.1x |
