Living in Lake Mary, Florida
Cost of living, income, home prices, rent and demographics of Lake Mary · Census data 2020–2024
Lake Mary has 16,860 residents with a median age of 43.8. The median household income is $109,173 (46% higher than the Florida median), the median home value is $494,900, the median rent is $2,120/month.
Lake Mary at a glance
- Population
- 16,860
- Median age
- 43.8State: 42.6
- Median household income
- $109,173State: $74,568
- Median home value
- $494,900State: $359,000
- Median rent
- $2,120/moState: $1,669
- Homeowners
- 62.9%
- Bachelor's degree or higher
- 50.9%
- Average commute
- 25 min
Is Lake Mary a good place to live?
Pros: Median household income 46% higher than the Florida median; an average commute of 25 minutes; unemployment of 2.6%; a poverty rate of 3.5%.
Cons: Home values 38% higher than the state median.
The weather is best in February to April and November.
Cost of living in Lake Mary
Housing is the biggest part of the cost of living. In Lake Mary the median home value is $494,900, 49% higher than the U.S. median. Renters pay a median of $2,120 per month, which is 29.2% of household income. Homeowners with a mortgage pay $2,469 a month in housing costs.
Lake Mary median household income
The median household income in Lake Mary is $109,173 and the income per person is $59,681. 3.5% of residents live below the poverty line (Florida: 12.6%).
Housing in Lake Mary: homes for sale and rent
- Housing units
- 7,412
- Owner-occupied
- 62.9%
- Renter-occupied
- 37.1%
- Vacant
- 6.7%Includes seasonal homes
- Median year built
- 1997
- Average household size
- 2.40
Lake Mary demographics
- Population
- 16,860
- Median age
- 43.8
- Under 18
- 18.3%
- 65 and older
- 19.6%
- Households
- 6,913
- Foreign-born
- 18.8%
- Veterans
- 6%Adults 18+
Hispanic or Latino can be of any race. Population history of Lake Mary ›
Education in Lake Mary
50.9% of adults 25 and older in Lake Mary have a bachelor's degree or higher (Florida: 34.1%), and 18.1% have a graduate or professional degree.
Jobs and commute in Lake Mary
- Unemployment rate
- 2.6%State: 4.8%
- Average commute
- 25 minState: 28 min
- Work from home
- 26.5%
- Drive alone
- 62.9%
- Public transit
- 0.5%
- Walk to work
- 1.2%
- Homes with broadband
- 95.2%
Lake Mary vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Lake Mary | 16,860 | $109,173 | $494,900 | $2,120 |
| Heathrow | 6,769 | $126,250 | $598,600 | $2,164 |
| Sanford | 63,730 | $66,891 | $309,300 | $1,609 |
| Longwood | 16,337 | $78,548 | $354,300 | $1,755 |
| Winter Springs | 38,951 | $92,574 | $378,700 | $1,867 |
| Midway | 1,407 | $60,714 | $236,700 | $1,513 |
| Casselberry | 30,135 | $62,447 | $299,200 | $1,674 |
| Wekiwa Springs | 23,915 | $116,596 | $453,600 | $1,974 |
| DeBary | 22,869 | $88,569 | $349,700 | $1,751 |
More for people moving to Lake Mary
Lake Mary ZIP code ›Weather and climate ›Living in Lake Mary: FAQ
What is the median household income in Lake Mary, FL?
The median household income in Lake Mary is $109,173, 46% higher than 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 Mary?
The median home value in Lake Mary is $494,900, compared with $359,000 in Florida.
How much is rent in Lake Mary?
The median gross rent in Lake Mary is $2,120 per month, about 29.2% of household income.
Is Lake Mary, FL a good place to live?
Pluses: median household income 46% higher than the Florida median; an average commute of 25 minutes; unemployment of 2.6%; a poverty rate of 3.5%. Minuses: home values 38% higher than the state median.
What is the median age in Lake Mary?
The median age in Lake Mary is 43.8 years (Florida: 42.6).
How long is the commute in Lake Mary?
The average commute to work in Lake Mary is 25 minutes; 26.5% of workers work from home.
What is the unemployment rate in Lake Mary?
The unemployment rate in Lake Mary is 2.6% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Lake Mary?
50.9% of adults in Lake Mary 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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