Three Lakes, FL

Very High · 150

Florida · Population 16,426 · Updated March 2026

$2,255
Median Rent / Month
$91,364
Median Income
$434,800
Median Home Value
$2,158
Owner Costs / Month

Affordability

How far your income goes in Three Lakes

29.6%
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

$27,060
Annual Rent
$0
State Income Tax
$3,739
Property Tax (est.)

Cost of Living Overview

Three Lakes has a significantly higher cost of living than most US cities, driven largely by premium housing costs. With a cost index of 150 (where 100 equals the national median), Three Lakes residents can expect to pay median rent of $2,255/month while earning a median household income of $91,364/year.

The median home value in Three Lakes, FL is $434,800, with typical monthly owner costs around $2,158 including mortgage, insurance, and taxes. With a rent-to-income ratio of 29.6%, Three Lakes 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 Three Lakes.

Frequently Asked Questions

Common questions about living costs in Three Lakes

What is the cost of living in Three Lakes, FL?
The cost of living index in Three Lakes, FL is 150 (US average = 100). Median monthly rent is $2,255, median household income is $91,364/year, and the median home value is $434,800.
Is Three Lakes, FL affordable?
No, Three Lakes is more expensive than the national average with a cost index of 150. The rent-to-income ratio is 29.6%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Three Lakes, FL?
The median gross rent in Three Lakes, FL is $2,255 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $27,060.
What is the median household income in Three Lakes?
The median household income in Three Lakes, FL is $91,364 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.