Housing costs in Lake Mary?
A typical home costs
$464,500, which is 37.4% more expensive than the national average of
$338,100 and 28.2% more expensive than the average Florida home, at
$362,400. Renting a two-bedroom unit in Lake Mary costs
$1,930 per month, which is 23.7% more than the national average of
$1,560 and 16.1% more than the state average of
$1,620.
Can I afford Lake Mary?
To live comfortably in Lake Mary (zip 32746), Florida, a minimum annual income of
$88,920 for a family, and
$68,000 for a single person is recommended.
What does A.I. say about Lake Mary?
The cost of living in 32746 Lake Mary, FL is relatively high compared to the national average. Housing costs are particularly high, with a median cost of $365,000 for a single family home. This figure is nearly double the national average, making it difficult for many lower-income residents to find affordable housing options. Groceries and other day-to-day expenses in the area are also higher than the national average, and transportation costs can be expensive due to its distance from larger cities. Despite these higher costs, Lake Mary remains an attractive destination for families due to its access to major highways, strong education systems, and abundant recreational activities.