Lakewood Ranch, FL

Very High · 168

Florida · Population 39,434 · Updated March 2026

$2,213
Median Rent / Month
$123,471
Median Income
$626,500
Median Home Value
$2,019
Owner Costs / Month

Affordability

How far your income goes in Lakewood Ranch

21.5%
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

$26,556
Annual Rent
$0
State Income Tax
$5,388
Property Tax (est.)

Cost of Living Overview

Lakewood Ranch has a significantly higher cost of living than most US cities, driven largely by premium housing costs. With a cost index of 168 (where 100 equals the national median), Lakewood Ranch residents can expect to pay median rent of $2,213/month while earning a median household income of $123,471/year.

The median home value in Lakewood Ranch, FL is $626,500, with typical monthly owner costs around $2,019 including mortgage, insurance, and taxes. The median rent-to-income ratio of 21.5% 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 Lakewood Ranch.

Frequently Asked Questions

Common questions about living costs in Lakewood Ranch

What is the cost of living in Lakewood Ranch, FL?
The cost of living index in Lakewood Ranch, FL is 168 (US average = 100). Median monthly rent is $2,213, median household income is $123,471/year, and the median home value is $626,500.
Is Lakewood Ranch, FL affordable?
No, Lakewood Ranch is more expensive than the national average with a cost index of 168. The rent-to-income ratio is 21.5%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Lakewood Ranch, FL?
The median gross rent in Lakewood Ranch, FL is $2,213 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $26,556.
What is the median household income in Lakewood Ranch?
The median household income in Lakewood Ranch, FL is $123,471 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.