Lake Butler, FL

Very High · 217

Florida · Population 17,242 · Updated March 2026

$2,413
Median Rent / Month
$178,750
Median Income
$886,300
Median Home Value
$2,885
Owner Costs / Month

Affordability

How far your income goes in Lake Butler

16.2%
Rent-to-Income Ratio
Affordable
Rent takes less than 25% of median income — considered affordable by HUD standards.

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

$28,956
Annual Rent
$0
State Income Tax
$7,622
Property Tax (est.)

Cost of Living Overview

Lake Butler has a significantly higher cost of living than most US cities, driven largely by premium housing costs. With a cost index of 217 (where 100 equals the national median), Lake Butler residents can expect to pay median rent of $2,413/month while earning a median household income of $178,750/year.

The median home value in Lake Butler, FL is $886,300, with typical monthly owner costs around $2,885 including mortgage, insurance, and taxes. The median rent-to-income ratio of 16.2% means housing is relatively affordable here — well below the 30% threshold that HUD considers cost-burdened.

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 Lake Butler.

Frequently Asked Questions

Common questions about living costs in Lake Butler

What is the cost of living in Lake Butler, FL?
The cost of living index in Lake Butler, FL is 217 (US average = 100). Median monthly rent is $2,413, median household income is $178,750/year, and the median home value is $886,300.
Is Lake Butler, FL affordable?
No, Lake Butler is more expensive than the national average with a cost index of 217. The rent-to-income ratio is 16.2%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Lake Butler, FL?
The median gross rent in Lake Butler, FL is $2,413 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $28,956.
What is the median household income in Lake Butler?
The median household income in Lake Butler, FL is $178,750 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.