Lakeland Highlands, FL

Above Avg · 118

Florida · Population 11,669 · Updated March 2026

$1,817
Median Rent / Month
$106,012
Median Income
$352,000
Median Home Value
$1,553
Owner Costs / Month

Affordability

How far your income goes in Lakeland Highlands

20.6%
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

$21,804
Annual Rent
$0
State Income Tax
$3,027
Property Tax (est.)

Cost of Living Overview

Lakeland Highlands is more expensive than the national average. Higher housing costs are typically the primary driver. With a cost index of 118 (where 100 equals the national median), Lakeland Highlands residents can expect to pay median rent of $1,817/month while earning a median household income of $106,012/year.

The median home value in Lakeland Highlands, FL is $352,000, with typical monthly owner costs around $1,553 including mortgage, insurance, and taxes. The median rent-to-income ratio of 20.6% 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 Lakeland Highlands.

Frequently Asked Questions

Common questions about living costs in Lakeland Highlands

What is the cost of living in Lakeland Highlands, FL?
The cost of living index in Lakeland Highlands, FL is 118 (US average = 100). Median monthly rent is $1,817, median household income is $106,012/year, and the median home value is $352,000.
Is Lakeland Highlands, FL affordable?
No, Lakeland Highlands is more expensive than the national average with a cost index of 118. The rent-to-income ratio is 20.6%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Lakeland Highlands, FL?
The median gross rent in Lakeland Highlands, FL is $1,817 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $21,804.
What is the median household income in Lakeland Highlands?
The median household income in Lakeland Highlands, FL is $106,012 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.