Lutz, FL

Above Avg · 127

Florida · Population 26,731 · Updated March 2026

$1,648
Median Rent / Month
$114,516
Median Income
$451,800
Median Home Value
$1,714
Owner Costs / Month

Affordability

How far your income goes in Lutz

17.3%
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

$19,776
Annual Rent
$0
State Income Tax
$3,885
Property Tax (est.)

Cost of Living Overview

Lutz has a significantly higher cost of living than most US cities, driven largely by premium housing costs. With a cost index of 127 (where 100 equals the national median), Lutz residents can expect to pay median rent of $1,648/month while earning a median household income of $114,516/year.

The median home value in Lutz, FL is $451,800, with typical monthly owner costs around $1,714 including mortgage, insurance, and taxes. The median rent-to-income ratio of 17.3% 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 Lutz.

Frequently Asked Questions

Common questions about living costs in Lutz

What is the cost of living in Lutz, FL?
The cost of living index in Lutz, FL is 127 (US average = 100). Median monthly rent is $1,648, median household income is $114,516/year, and the median home value is $451,800.
Is Lutz, FL affordable?
No, Lutz is more expensive than the national average with a cost index of 127. The rent-to-income ratio is 17.3%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Lutz, FL?
The median gross rent in Lutz, FL is $1,648 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $19,776.
What is the median household income in Lutz?
The median household income in Lutz, FL is $114,516 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.