Lake Magdalene, FL Cost Of Living
Cost Of Living In Lake Magdalene, FL Summary
Cost of living in Lake Magdalene research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Lake Magdalene is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Florida, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Lake Magdalene is 104, with 100 being the average.
The cost of living index in Lake Magdalene is 1.0x higher than the national average.
Lake Magdalene ranks as the #191 cheapest in Florida out of 459.
Lake Magdalene ranks as the #3,063 cheapest out of 6,489 in the US.
The median home value in Lake Magdalene is $389,596.
The median income in Lake Magdalene is $75,606.
Table Of Contents
Lake Magdalene's Overall Cost Of Living
Higher Than The National Average
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 104, which is 1.0x 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 97.
The standard of living in Lake Magdalene ranks as #191 most affordable out of the 459 places we measured in Florida. By definition, that implies Lake Magdalene ranks as the #268 most expensive place in the Sunshine State.
For more reading on life in Lake Magdalene, check out:
In Florida
In America
Lake Magdalene Cost Of Living Vs. Florida
Six factors go into calculating the cost of living index in Lake Magdalene. Here is how it fairs on each of the criteria:
The Services index in Lake Magdalene is 94.
The Groceries index in Lake Magdalene is 101.
The Health index in Lake Magdalene is 92.
The Housing index in Lake Magdalene is 128.
The Transportation index in Lake Magdalene is 101.
The Utilities index in Lake Magdalene is 99.
| Living Expense | Lake Magdalene | Florida | National Average | |
|---|---|---|---|---|
| Overall | 104 | 97 | 100 | |
| Services | 94 | 96 | 100 | |
| Groceries | 101 | 99 | 100 | |
| Health | 92 | 98 | 100 | |
| Housing | 128 | 96 | 100 | |
| Transportation | 101 | 97 | 100 | |
| Utilities | 99 | 95 | 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 2019-2023. The key points are:
The Median Home Value in Lake Magdalene is $389,596.
The Median Rent in Lake Magdalene is $1,342.
The Median Income in Lake Magdalene is $75,606.
The Home Value To Income in Lake Magdalene is 5.2x.
The Rent To Monthly Income in Lake Magdalene is 0.21x.
| Statistic | Lake Magdalene | Florida | United States |
|---|---|---|---|
| Median Home Value | $389,596 | $377,066 | $303,400 |
| Median Rent | $1,342 | $1,564 | $1,348 |
| Median Income | $75,606 | $71,711 | $78,538 |
| Home Value To Income | 5.2x | 5.3x | 3.9x |
| Rent To Monthly Income | 0.21x | 0.26x | 0.21x |
Median Home Value
Median Rent
Median Income
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
/10
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 109, 1.0x Lake Magdalene.
Valrico, FL has a cost of living index of 109, 1.0x Lake Magdalene.
Egypt Lake-Leto, FL has a cost of living index of 100, 1.0x Lake Magdalene.
| City | Population | Cost Of Living | Vs. Lake Magdalene |
|---|---|---|---|
| Palm Harbor, FL | 61,454 | 109 | 1.0x |
| Valrico, FL | 38,820 | 109 | 1.0x |
| Egypt Lake-Leto, FL | 35,709 | 100 | 1.0x |
| Carrollwood, FL | 35,645 | 110 | 1.1x |
| Citrus Park, FL | 28,163 | 113 | 1.1x |
| Temple Terrace, FL | 26,922 | 103 | 1.0x |
| Lutz, FL | 26,731 | 119 | 1.1x |
| Northdale, FL | 25,420 | 113 | 1.1x |
| Westchase, FL | 24,818 | 123 | 1.2x |
| Bloomingdale, FL | 23,979 | 115 | 1.1x |
