Cypress Lake, FL

Average · 94

Florida · Population 13,145 · Updated March 2026

$1,699
Median Rent / Month
$62,767
Median Income
$237,700
Median Home Value
$1,078
Owner Costs / Month

Affordability

How far your income goes in Cypress Lake

32.5%
Rent-to-Income Ratio
Moderate
Rent takes 25-35% of median income — moderate affordability.

Tax Burden in Florida

State-level tax rates that affect your costs

0%
Income Tax (Top Rate)
6.0%
Sales Tax
0.86%
Property Tax Rate

Estimated Annual Costs

$20,388
Annual Rent
$0
State Income Tax
$2,044
Property Tax (est.)

Cost of Living Overview

Cypress Lake offers a below-average cost of living, giving residents more purchasing power compared to many US cities. With a cost index of 94 (where 100 equals the national median), Cypress Lake residents can expect to pay median rent of $1,699/month while earning a median household income of $62,767/year.

The median home value in Cypress Lake, FL is $237,700, with typical monthly owner costs around $1,078 including mortgage, insurance, and taxes. At 32.5% rent-to-income ratio, residents of Cypress Lake are spending more than the recommended 30% of income on housing, indicating moderate cost burden.

Florida has no state income tax, which can represent significant savings compared to high-tax states. Combined with a 6.0% sales tax rate and 0.86% effective property tax rate, the overall tax environment helps keep costs manageable in Cypress Lake.

Frequently Asked Questions

Common questions about living costs in Cypress Lake

What is the cost of living in Cypress Lake, FL?
The cost of living index in Cypress Lake, FL is 94 (US average = 100). Median monthly rent is $1,699, median household income is $62,767/year, and the median home value is $237,700.
Is Cypress Lake, FL affordable?
Yes, Cypress Lake is more affordable than the national average with a cost index of 94. The rent-to-income ratio is 32.5%—above the 30%% affordability threshold.
What is the average rent in Cypress Lake, FL?
The median gross rent in Cypress Lake, FL is $1,699 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $20,388.
What is the median household income in Cypress Lake?
The median household income in Cypress Lake, FL is $62,767 per year. This compares to the national median of approximately $80,000.
What are the taxes like in Florida?
Florida has a top income tax rate of 0%, a sales tax of 6.0%, and an effective property tax rate of 0.86%. Notably, there is no state income tax.