Lake Worth Beach, FL

Average · 102

Florida · Population 42,650 · Updated March 2026

$1,439
Median Rent / Month
$60,978
Median Income
$329,300
Median Home Value
$1,407
Owner Costs / Month

Affordability

How far your income goes in Lake Worth Beach

28.3%
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

$17,268
Annual Rent
$0
State Income Tax
$2,832
Property Tax (est.)

Cost of Living Overview

Lake Worth Beach has a cost of living close to the national average, offering a balanced mix of expenses and amenities. With a cost index of 102 (where 100 equals the national median), Lake Worth Beach residents can expect to pay median rent of $1,439/month while earning a median household income of $60,978/year.

The median home value in Lake Worth Beach, FL is $329,300, with typical monthly owner costs around $1,407 including mortgage, insurance, and taxes. With a rent-to-income ratio of 28.3%, Lake Worth Beach falls within the generally affordable range, though it's approaching the 30% burden threshold.

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 Worth Beach.

Frequently Asked Questions

Common questions about living costs in Lake Worth Beach

What is the cost of living in Lake Worth Beach, FL?
The cost of living index in Lake Worth Beach, FL is 102 (US average = 100). Median monthly rent is $1,439, median household income is $60,978/year, and the median home value is $329,300.
Is Lake Worth Beach, FL affordable?
No, Lake Worth Beach is more expensive than the national average with a cost index of 102. The rent-to-income ratio is 28.3%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Lake Worth Beach, FL?
The median gross rent in Lake Worth Beach, FL is $1,439 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $17,268.
What is the median household income in Lake Worth Beach?
The median household income in Lake Worth Beach, FL is $60,978 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.