Living in Lake Magdalene, Florida
Cost of living, income, home prices, rent and demographics of Lake Magdalene · Census data 2020–2024
Lake Magdalene has 32,083 residents with a median age of 40.8. The median household income is $75,594 (about the same as the Florida median), the median home value is $371,800, the median rent is $1,434/month.
Lake Magdalene at a glance
- Population
- 32,083
- Median age
- 40.8State: 42.6
- Median household income
- $75,594State: $74,568
- Median home value
- $371,800State: $359,000
- Median rent
- $1,434/moState: $1,669
- Homeowners
- 72.3%
- Bachelor's degree or higher
- 40.2%
- Average commute
- 27 min
Is Lake Magdalene a good place to live?
Pros: Median household income about the same as the Florida median; an average commute of 27 minutes; unemployment of 3.6%.
Cons: Home values 4% higher than the state median; a poverty rate of 13%.
The weather is best in February–March and November–December.
Cost of living in Lake Magdalene
Housing is the biggest part of the cost of living. In Lake Magdalene the median home value is $371,800, 12% higher than the U.S. median. Renters pay a median of $1,434 per month, which is 32.7% of household income. Homeowners with a mortgage pay $1,840 a month in housing costs.
Lake Magdalene median household income
The median household income in Lake Magdalene is $75,594 and the income per person is $50,477. 13% of residents live below the poverty line (Florida: 12.6%).
Housing in Lake Magdalene: homes for sale and rent
- Housing units
- 13,809
- Owner-occupied
- 72.3%
- Renter-occupied
- 27.7%
- Vacant
- 5.3%Includes seasonal homes
- Median year built
- 1982
- Average household size
- 2.40
Lake Magdalene demographics
- Population
- 32,083
- Median age
- 40.8
- Under 18
- 21%
- 65 and older
- 20.3%
- Households
- 13,083
- Foreign-born
- 17.2%
- Veterans
- 6.9%Adults 18+
Hispanic or Latino can be of any race. Population history of Lake Magdalene ›
Education in Lake Magdalene
40.2% of adults 25 and older in Lake Magdalene have a bachelor's degree or higher (Florida: 34.1%), and 14.3% have a graduate or professional degree.
Jobs and commute in Lake Magdalene
- Unemployment rate
- 3.6%State: 4.8%
- Average commute
- 27 minState: 28 min
- Work from home
- 18.8%
- Drive alone
- 71.3%
- Public transit
- 0.4%
- Walk to work
- 0.5%
- Homes with broadband
- 95.8%
Lake Magdalene vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Lake Magdalene | 32,083 | $75,594 | $371,800 | $1,434 |
| University | 48,127 | $37,207 | $164,900 | $1,295 |
| Carrollwood | 36,725 | $81,959 | $384,600 | $1,715 |
| Northdale | 25,710 | $94,926 | $418,900 | $1,797 |
| Lutz | 27,106 | $120,031 | $486,500 | $1,823 |
| Egypt Lake-Leto | 35,873 | $54,032 | $315,100 | $1,482 |
| Cheval | 13,969 | $101,907 | $525,700 | $1,442 |
| Citrus Park | 28,804 | $93,457 | $385,000 | $1,891 |
| Temple Terrace | 27,275 | $69,252 | $334,800 | $1,594 |
More for people moving to Lake Magdalene
Lake Magdalene ZIP code ›Weather and climate ›Living in Lake Magdalene: FAQ
What is the median household income in Lake Magdalene, FL?
The median household income in Lake Magdalene is $75,594, about the same as the Florida median of $74,568 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Lake Magdalene?
The median home value in Lake Magdalene is $371,800, compared with $359,000 in Florida.
How much is rent in Lake Magdalene?
The median gross rent in Lake Magdalene is $1,434 per month, about 32.7% of household income.
Is Lake Magdalene, FL a good place to live?
Pluses: median household income about the same as the Florida median; an average commute of 27 minutes; unemployment of 3.6%. Minuses: home values 4% higher than the state median; a poverty rate of 13%.
What is the median age in Lake Magdalene?
The median age in Lake Magdalene is 40.8 years (Florida: 42.6).
How long is the commute in Lake Magdalene?
The average commute to work in Lake Magdalene is 27 minutes; 18.8% of workers work from home.
What is the unemployment rate in Lake Magdalene?
The unemployment rate in Lake Magdalene is 3.6% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Lake Magdalene?
40.2% of adults in Lake Magdalene have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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