Lake Magdalene, FL
Population 31,733 · Florida
About Lake Magdalene, FL
Lake Magdalene is a mid-sized city located in Florida with a population of 31,733 residents according to the latest US Census Bureau American Community Survey data. The median household income is $75,606 per year, which is 1% above the national median of $75,149. The median age of 41.1 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Lake Magdalene features a median home value of $335,800, which is 37% above the national median of $244,900. This positions Lake Magdalene in a moderately priced market relative to the rest of the country. Median monthly rent is $1,342, 15% above the national average of $1,163/month. Of the 13,702 total housing units, 72% are owner-occupied (9,294 units) and 28% are renter-occupied (3,654 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Lake Magdalene shows an unemployment rate of 3.0%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 11.6%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Lake Magdalene have an average one-way commute time of 28.1 minutes.
Education & Demographics
40.0% of Lake Magdalene residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This is in line with national trends in educational attainment. The community's demographic composition includes 1.7% White, 1.2% Hispanic or Latino, 8.2% Black or African American, and 10.6% Asian residents, with 16.2% of the population being foreign-born.
Cost of Living in Lake Magdalene, FL
Compared to national averages, Lake Magdalene has a median household income of $75,606 (1% above the national median of $75,149). Home values average $335,800, which is 37% above the national median. Monthly rent at $1,342 is 15% above the US average of $1,163. Within Florida, Lake Magdalene's income is 0% below the state average of $75,893, and home values are 5% below the state median of $353,675.
Why Live in Lake Magdalene, FL?
Lake Magdalene offers a strong local economy with a median household income of $75,606, well above the national average, and a strong job market with an unemployment rate of just 3.0%, and a well-educated community where 40.0% of residents hold a bachelor’s degree or higher. Additionally, the city features a low poverty rate of 11.6%, better than the national average.
Lake Magdalene has a population of 31,733 with a median age of 41.1 years. Compare Lake Magdalene with other cities to see how it stacks up, or explore all cities in Florida.
Similar Cities Near Lake Magdalene
Cities in Florida with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Dania Beach | 31,739 | $50,948 | $296,100 | Compare |
| Sun City Center | 31,801 | $71,012 | $281,900 | Compare |
| Lakeside | 31,548 | $80,686 | $249,300 | Compare |
| New Smyrna Beach | 31,212 | $78,373 | $365,900 | Compare |
| Buenaventura Lakes | 32,310 | $61,822 | $282,700 | Compare |
| Haines City | 31,156 | $58,227 | $250,700 | Compare |
| Oakleaf Plantation | 30,737 | $110,521 | $309,300 | Compare |
| Miami Lakes | 30,731 | $97,255 | $577,300 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Florida
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Lake Magdalene With Other Cities
Frequently Asked Questions about Lake Magdalene
What is the population of Lake Magdalene, FL?
The population of Lake Magdalene, FL is 31,733 according to the latest US Census Bureau American Community Survey estimates. This makes it a mid-sized city in Florida.
What is the median household income in Lake Magdalene?
The median household income in Lake Magdalene, FL is $75,606 per year, which is 1% above the national median of $75,149.
What is the median home value in Lake Magdalene?
The median home value in Lake Magdalene, FL is $335,800, which is 37% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Lake Magdalene?
The median monthly rent in Lake Magdalene, FL is $1,342, which is 15% above the national average of $1,163/month.
What is the unemployment rate in Lake Magdalene?
The unemployment rate in Lake Magdalene, FL is 3.0%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Lake Magdalene, FL a good place to live?
Lake Magdalene offers above-average incomes, a competitive housing market, and a strong job market. With a population of 31,733 and a median age of 41.1, the city appeals to a broad range of residents.
How educated is Lake Magdalene, FL?
40.0% of residents in Lake Magdalene aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Lake Magdalene?
Key cost-of-living indicators for Lake Magdalene, FL: median home value is $335,800 (37% above national), median rent is $1,342/month, and median household income is $75,606. The home-value-to-income ratio is 4.4x, a moderate figure by national standards.
What is the poverty rate in Lake Magdalene?
The poverty rate in Lake Magdalene, FL is 11.6%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Lake Magdalene, FL?
Lake Magdalene's population is 1.7% White, 1.2% Hispanic or Latino, 8.2% Black or African American, 10.6% Asian, and 6.8% two or more races. 16.2% of residents are foreign-born.