Florida · Census, HUD and BEA figures · Updated

Cost of Living in Lake County, FL

Prices around Lake County, FL run 1.4% above the U.S. average (BEA, the metro area). The typical household there earns $73,161 a year, and HUD puts a two-bedroom at $1,972 a month. Keeping that rent under 30% of income takes about $78,880 a year.

Lake County, FL at a glance

Median household income

$73,161$6,097 per month · U.S. Census Bureau ACS 5-Year
2-bedroom rent$1,972HUD FY2026 Fair Market Rent
Price level (U.S. = 100)101.4+1.4% · BEA, the metro area
Electricity15.1¢per kWh · EIA Residential FL
Population412,924Census ACS 5-year estimate

How much rent can you afford in Lake County, FL?

HUD’s fair market rent for each size, against what a typical household here earns. Change the income to see yours.

Moderate cost burden (30–50%)
HUD Fair Market Rent$1,972Monthly market rent
Share of gross income32.3%Recommended max: 30%
Annual income needed$78,880To meet the 30% standard
Max affordable rent$1,829At 30% of $73,161
0%30% (Affordability standard)100%
Compare against:

How much is rent in Lake County, FL? By bedroom, 2026

HUD's fiscal 2026 Fair Market Rents for Orlando-Kissimmee-Sanford, FL MSA, with the income each one takes if rent stays under 30% of it.

HUD Fair Market Rent in Lake County, FL, fiscal 2026
Unit SizeMonthly RentAnnual Rent30% Rule Min. Income% of Median Income
Studio / Efficiency$1,650$19,800$66,00027.1%
1-Bedroom Apartment$1,731$20,772$69,24028.4%
2-Bedroom ApartmentBenchmark$1,972$23,664$78,88032.3%
3-Bedroom Home$2,476$29,712$99,04040.6%
4-Bedroom Home$2,924$35,088$116,96048%

Rent in Lake County, FL, with the wage each unit needs →

What a typical income covers in Lake County, FL

The 50/30/20 rule applied to the local median of $73,161 a year ($6,097 a month before tax).

Needs (50%)$3,048/moRent ($1,972 2-BR), utilities (~$136/mo), groceries, transit
Wants (30%)$1,829/moEating out, travel, subscriptions and the rest
Savings and debt (20%)$1,219/moEmergency fund, retirement, paying down loans

What $73,161 leaves after Florida taxes

Federal income tax, Social Security, Medicare and Florida tax on the local median income. Change the salary to see yours.

$73,161
$25,000$150,000
Filing status:
Gross salary breakdown$73,161
Net 82%
Fed 10%
FICA 8%
Annual take-home$60,299After all taxes
Monthly deposit$5,025Estimated per month
Biweekly paycheck$2,319Every 2 weeks (26/yr)
Effective tax rate17.6%Total tax burden
Federal income tax$7,265 / yr
Florida state income taxNo state wage tax$0
FICA (Social Security & Medicare)$5,597 / yr

Living in Lake County, FL: common questions

What is the median household income in Lake County, FL?

According to the latest U.S. Census Bureau ACS 5-Year survey, the median household income in Lake County, FL is $73,161 per year (approximately $6,097 per month).

What is the average rent in Lake County, FL?

The closest official figure is HUD's Fair Market Rent for 2026: $1,650 for a studio, $1,731 for one bedroom, $1,972 for two, $2,476 for three and $2,924 for four, utilities included.

It is not an average of listings. HUD sets it at the rent 40% of recent movers paid or less for a standard unit, so a new lease on a nicer place will usually cost more.

Is Lake County, FL expensive to live in?

Prices there run 1.4% above the U.S. average. BEA's regional price parity for the metro area is 101.4, where the U.S. is 100. Rent moves the number most: housing is where places differ, while goods cost about the same everywhere.

How much do you need to earn to comfortably afford rent in Lake County, FL?

To keep a $1,972 two-bedroom under 30% of gross income, a household needs about $78,880 a year, or $6,573 a month. That is 108% of what the typical household in Lake County, FL earns.

How much do you need to live comfortably in Lake County, FL?

On the local median income of $73,161 ($6,097 a month before tax), the 50/30/20 rule leaves $3,048 a month for needs like rent, utilities and groceries, $1,829 for everything else and $1,219 for savings or debt. A two-bedroom at $1,972 takes 65% of the needs share.

How much is the electric bill in Lake County, FL?

Homes in Florida paid 15.1¢ per kWh on average (EIA). At 900 kWh a month, a typical use, that is about $136. Your bill depends mostly on heating and cooling.