Key Economic Benchmarks
Median Household Income
$122,925$10,244 per month · U.S. Census Bureau ACS 5-YearFair market rent & 30% rule in Lakewood Ranch, FL
Official HUD Fair Market Rents evaluated against local household income benchmarks.
2026 HUD Fair Market Rent Schedule: Lakewood Ranch, FL
Official FY2026 HUD Fair Market Rents for North Port-Bradenton-Sarasota, FL MSA. Under the federal 30% housing affordability standard, housing costs are sustainable when they consume 30% or less of gross household income.
| Unit Size | Monthly Rent | Annual Rent | 30% Rule Min. Income | % of Median Income |
|---|---|---|---|---|
| Studio / Efficiency | $1,418 | $17,016 | $56,720 | 13.8% |
| 1-Bedroom Apartment | $1,686 | $20,232 | $67,440 | 16.5% |
| 2-Bedroom ApartmentBenchmark | $1,958 | $23,496 | $78,320 | 19.1% |
| 3-Bedroom Home | $2,537 | $30,444 | $101,480 | 24.8% |
| 4-Bedroom Home | $3,027 | $36,324 | $121,080 | 29.5% |
50/30/20 Living Budget in Lakewood Ranch, FL
Based on the local median household income of $122,925/year ($10,244/month), here is how a balanced budget allocates expenses:
Take-Home Pay & Tax Explorer in Florida
Explore net income after federal income tax, FICA, and Florida state income tax based on the local median baseline.
Related Regional & Financial Profiles
Compare earnings and living costs across Florida with official federal datasets:
Frequently Asked Questions About Living in Lakewood Ranch, FL
What is the median household income in Lakewood Ranch, FL?
According to the latest U.S. Census Bureau ACS 5-Year survey, the median household income in Lakewood Ranch, FL is $122,925 per year (approximately $10,244 per month).
What is the average rent in Lakewood Ranch, FL?
According to HUD Fair Market Rent (FMR) benchmarks for 2026, standard monthly rents in Lakewood Ranch, FL are $1,418 for a studio, $1,686 for 1 bedroom, $1,958 for 2 bedrooms, $2,537 for 3 bedrooms, and $3,027 for 4 bedrooms.
How does the cost of living in Lakewood Ranch, FL compare to the national average?
Based on the Bureau of Economic Analysis (BEA) Regional Price Parity index, the general price level in Lakewood Ranch, FL is 102.4 (2.4% higher than the U.S. national baseline of 100.0).
How much do you need to earn to comfortably afford rent in Lakewood Ranch, FL?
Under the standard 30% housing affordability standard, renting a median 2-bedroom home ($1,958/month) in Lakewood Ranch, FL requires a minimum gross household income of $78,320 per year ($6,527 per month).
What is a balanced 50/30/20 monthly budget in Lakewood Ranch, FL?
For a typical household earning the median income of $122,925/year ($10,244/month) in Lakewood Ranch, FL, a balanced 50/30/20 budget allocates $5,122/month to essential needs (rent, utilities, groceries), $3,073/month to discretionary spending, and $2,049/month to savings and debt repayment.
What are typical electricity and utility costs in Lakewood Ranch, FL?
Residential electricity rates in Florida average 15.1¢ per kWh according to the U.S. Energy Information Administration (EIA). For an average home using 900 kWh per month, the estimated electric bill is approximately $136 per month.