Housing costs in Lake Magdalene?
A typical home costs
$302,600, which is 10.5% less expensive than the national average of
$338,100 and 16.5% less expensive than the average Florida home, at
$362,400. Renting a two-bedroom unit in Lake Magdalene costs
$1,560 per month, which is 9.1% more than the national average of
$1,430 and close to the state average of
$1,560.
Can I afford Lake Magdalene?
To live comfortably in Lake Magdalene, Florida, a minimum annual income of
$57,960 for a family, and
$51,600 for a single person is recommended.
What does A.I. say about Lake Magdalene?
The cost of living in Lake Magdalene, FL is relatively affordable. According to the most recent census data, the median household income is around $56,000. In addition, housing costs in Lake Magdalene are significantly less than the national average; with a median home price of just over $150,000. Other expenses such as food and transportation are also quite low compared to other Florida cities. With low taxes, plenty of amenities and plenty of cultural activities to do, Lake Magdalene is an ideal location for those looking for an affordable living experience.