Lake Mystic, FL
Population 556 · Florida
About Lake Mystic, FL
Lake Mystic is a small community located in Florida with a population of 556 residents according to the latest US Census Bureau American Community Survey data. The median household income is $58,375 per year, which is 22% below the national median of $75,149. The median age of 45.9 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Lake Mystic features a median home value of $300,000, which is 22% above the national median of $244,900. This positions Lake Mystic in a moderately priced market relative to the rest of the country. Median monthly rent is $1,015, 13% below the national average of $1,163/month. Of the 423 total housing units, 48% are owner-occupied (140 units) and 52% are renter-occupied (152 units). The higher proportion of renters may reflect a transient population, younger demographics, or high housing costs relative to income.
Economy & Employment
The local economy in Lake Mystic shows an unemployment rate of 22.9%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 3.4%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Lake Mystic have an average one-way commute time of 14.2 minutes, one of the shorter commutes in the region.
Education & Demographics
39.3% of Lake Mystic 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 0.0% White, 0.4% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 4.7% of the population being foreign-born.
Cost of Living in Lake Mystic, FL
Compared to national averages, Lake Mystic has a median household income of $58,375 (22% below the national median of $75,149). Home values average $300,000, which is 22% above the national median. Monthly rent at $1,015 is 13% below the US average of $1,163. Within Florida, Lake Mystic's income is 23% below the state average of $75,893, and home values are 15% below the state median of $353,675.
Why Live in Lake Mystic, FL?
Lake Mystic offers rent that’s lower than the national average at $1,015/month, and a well-educated community where 39.3% of residents hold a bachelor’s degree or higher, and a low poverty rate of 3.4%, better than the national average. Additionally, the city features short commute times averaging just 14.2 minutes.
Potential considerations include median household income ($58,375) that falls below the national average. However, Lake Mystic’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Lake Mystic has a population of 556 with a median age of 45.9 years. Compare Lake Mystic with other cities to see how it stacks up, or explore all cities in Florida.
Similar Cities Near Lake Mystic
Cities in Florida with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Orchid | 553 | $136,875 | $2,000,001 | Compare |
| Beverly Beach | 564 | $43,864 | $297,100 | Compare |
| Altha | 567 | $32,898 | $85,300 | Compare |
| Hillsboro Pines | 567 | $82,778 | $489,900 | Compare |
| Penney Farms | 573 | $60,625 | $213,300 | Compare |
| Wiscon | 535 | $31,850 | $0 | Compare |
| Garcon Point | 581 | $106,463 | $347,000 | Compare |
| Key Colony Beach | 525 | $94,531 | $834,800 | 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.
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Frequently Asked Questions about Lake Mystic
What is the population of Lake Mystic, FL?
The population of Lake Mystic, FL is 556 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Florida.
What is the median household income in Lake Mystic?
The median household income in Lake Mystic, FL is $58,375 per year, which is 22% below the national median of $75,149.
What is the median home value in Lake Mystic?
The median home value in Lake Mystic, FL is $300,000, which is 22% above the national median of $244,900. A significant portion of residents rent their homes.
What is the average rent in Lake Mystic?
The median monthly rent in Lake Mystic, FL is $1,015, which is 13% below the national average of $1,163/month.
What is the unemployment rate in Lake Mystic?
The unemployment rate in Lake Mystic, FL is 22.9%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Lake Mystic, FL a good place to live?
Lake Mystic offers a moderate cost of living, a competitive housing market, and growing employment opportunities. With a population of 556 and a median age of 45.9, the city appeals to established professionals and retirees.
How educated is Lake Mystic, FL?
39.3% of residents in Lake Mystic 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 Mystic?
Key cost-of-living indicators for Lake Mystic, FL: median home value is $300,000 (22% above national), median rent is $1,015/month, and median household income is $58,375. The home-value-to-income ratio is 5.1x, a moderate figure by national standards.
What is the poverty rate in Lake Mystic?
The poverty rate in Lake Mystic, FL is 3.4%, 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 Mystic, FL?
Lake Mystic's population is 0.0% White, 0.4% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.0% two or more races. 4.7% of residents are foreign-born.