Lake Magdalene, FL
Discover how far your salary goes in Lake Magdalene. Compare taxes, rent, and living costs.
30,742
None! 🎉
$1,530
/month
+9%
above avg
How far would your salary go in Lake Magdalene?
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Rent Prices in Lake Magdalene
Studio
$1,224
/month
$14,688/year
1 Bedroom
$1,530
/month
$18,360/year
2 Bedroom
$2,065
/month
$24,780/year
3 Bedroom
$2,677
/month
$32,124/year
Taxes in Florida
State Income Tax
Florida
No State Income Tax!
Florida doesn't tax wages—keep more of every paycheck.
Federal Income Tax
Same nationwide
Federal taxes use progressive brackets. The more you earn, the higher your marginal rate.
Learn how tax brackets workMore Affordable Alternatives
Cities with lower cost of living where your money goes further:
Frequently Asked Questions
What is the cost of living in Lake Magdalene, FL?▼
Lake Magdalene has a cost of living index of 131, which is 31% above the national average. A 1-bedroom apartment costs around $1,530/month.
What is the state income tax in Florida?▼
Florida has no state income tax! This can save you thousands of dollars per year compared to states with income tax.
How much is rent in Lake Magdalene?▼
The median rent for a 1-bedroom apartment in Lake Magdalene is $1,530/month. For a 2-bedroom, expect to pay around $2,065/month. This is 9% above the national average.
Is Lake Magdalene a good place to live?▼
Lake Magdalene is a town with a population of 30,742. The cost of living is above average, making it more expensive than average for the US. A major advantage is zero state income tax.
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