Lake Magdalene 71 Excellent
Lake Magdalene Livability #386 ranked city in Florida#6,187 ranked city in the USARanks better than 78% of areas

Pros and Cons of Living in Lake Magdalene

  • Cost Of Living

    Residents in this area benefit from an affordable cost of living. This includes goods and services, transportation, housing, utilities, groceries and healthcare.

  • Crime

    This area is characterized by a crime rate, per 100,000 individuals, that falls well below the national average, indicating its potential as a very safe place to live.

  • Employment

    This area scores extremely well in the employment category. This is primarily due to the combination of low unemployment rates, higher median home income and income per capita.

  • Housing

    The housing category in this area boasts higher than average scores, likely influenced by a positive home affordability ratio, robust appreciation rates or elevated home values.

  • Ratings

    Local residents have positive feedback regarding the convenience of amenities, parks, public transit, the friendliness of neighbors, the strong sense of community, and the overall safety of the area.

  • Amenities

    It appears that many amenities may not be conveniently situated within walking distance, potentially necessitating the use of a vehicle or public transit.

  • Health & Safety

    Factors like poor air quality and the absence of essential health-related facilities like hospitals, clinics, nursing homes and pharmacies could have played a role in the low score in this category.

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What's it like Living in Lake Magdalene?

Located in the state of Florida, Lake Magdalene is a moderately-sized city with a population of 32,180 people. Lake Magdalene has a population density of 3,155 people per square mile. This would be considered well above the national population density level. The majority of Lake Magdalene residents report their race to be White; this is followed by Black and Asian. Additionally, more than a quarter of the population of Lake Magdalene are of Hispanic or Latino origin, and 20% of the population also speak Spanish. The average American spends about 26 minutes on their one way commute to work each day. Lower travel times can increase overall happiness and allow for more time to be spent with family and friends. While living in Lake Magdalene, your commute times will be about average, with a one way commute time of 28 minutes.

If you’re considering relocating to any new city, it could be a very intimidating task. However, it could also be a great experience if you are willing to get to know the town before actually living in Lake Magdalene, Florida. When searching for a new neighborhood, several key items should be considered. Safety is of utmost importance, ensuring a secure environment with low crime. Proximity to your workplace or school helps reduce commuting time and offers convenience. Access to amenities such as parks, grocery stores, and healthcare facilities enhances your daily life. Public transportation options contribute to easy mobility. A sense of community fosters a supportive and engaging environment. Lastly, the overall atmosphere should align with your desired lifestyle, ensuring a fulfilling living experience. Considering these items will guide you towards finding the perfect neighborhood that fits all your needs. The best areas in Lake Magdalene and in surrounding cities are easier to find when you are able to make informed decisions. Using data from health & safety, education, employment, housing, you will see a detailed breakdown of the most important information as well as comparisons to the Florida and national averages.

Using data and statistics Lake Magdalene has received a livability score of 70 out of 100. This score is ranked in the 79th percentile when compared to all other cities. If we probe a little deeper into each category within the livability score, we see that Lake Magdalene has higher than average rankings for the following: crime (B-), cost of living (A+), employment (B) and housing (A+). There are some categories that Lake Magdalene ranks poorly for, including: amenities (F). It might be worth taking a closer look to find out why.

Unemployment rates can vary significantly among cities, impacting job prospects, wage levels and the overall economic health of an area. In Lake Magdalene, the unemployment rate stands at 2.58%, suggesting increased job opportunities and a heightened demand for workers. This scenario can lead to higher wages, as the demand for employees outpaces job availability. Importantly, a low unemployment rate often signifies a robust and flourishing local economy.

For home buyers, real estate will be the largest purchase they will ever make and it will also be their most valuable asset. For renters, the monthly rent paid on their Lake Magdalene apartments will most likely be their largest expense. Based on tangible metrics like home and rental affordability and appreciation rates, housing in this area has received a score that is well above the average of every other US city. A thriving real estate market can also generate strong local economic activity and job creation.

Assuming that Lake Magdalene meets all of your requirements like low crime rates, good schools and great local amenities, the next most important item to examine is the affordability of real estate in Lake Magdalene. Everything else becomes a lot less important if it turns out that home prices in Lake Magdalene are simply unattainable. The median home price for Lake Magdalene homes is $247,300, which is 48.3% higher than the Florida average. If we take a closer look at the affordability of homes in Lake Magdalene, we’ll see that the home price to income ratio is 3.7, which is 8.8% higher than the Florida average.

Best Places to Live in and Around Lake Magdalene

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      Lake Magdalene transportation information

      Statistic Lake Magdalene Florida National
      Average one way commute28min27min26min
      Workers who drive to work82.4%79.5%76.4%
      Workers who carpool7.3%9.3%9.3%
      Workers who take public transit1.0%2.1%5.1%
      Workers who bicycle0.1%0.7%0.6%
      Workers who walk0.4%1.5%2.8%
      Working from home8.3%5.4%4.6%
      Source: The Lake Magdalene, FL data and statistics displayed above are derived from the United States Census Bureau American Community Survey (ACS).