Median rent is 25% lower in Lake Magdalene ($1,342/mo vs $1,779/mo). Buying is cheaper in Lake Magdalene, where the median home runs $335,800 versus $751,700. Households earn more in New York ($79,713 vs $75,606 a year).
City A
Lake Magdalene, FL
City B
New York, NY
How much would you need to earn in New York, NY to maintain your standard of living from Lake Magdalene, FL?
A cost-of-living index isn't available for one of these cities yet, so we can't compute an equivalent salary.
Based on BEA Regional Price Parity (cost index) for each city's metro area. A rough estimate of overall purchasing power, not tax or take-home pay.
Metric
Lake Magdalene
Florida
New York
New York
👥Population
💰Median Household Income
Annual
🏠Median Gross Rent
Per month
🏡Median Home Value
📊Cost of Living Index
US avg = 100
🔑1BR Fair Market Rent
HUD FMR
🔑2BR Fair Market Rent
HUD FMR
🔑3BR Fair Market Rent
HUD FMR
🌬️Air Quality Index
Lower = cleaner
🏛️Top State Income Tax
Top marginal rate
🧾State Sales Tax
Statewide base rate
🎂Median Age
Years
✓ = better value · Sources: US Census ACS, BEA RPP, HUD FMR, EPA AirNow, Tax Foundation
Renters will find significantly cheaper housing in Lake Magdalene — median rent of $1,342/mo versus $1,779/mo in New York, a 25% difference. Home buyers face a steeper market in New York: the median home is $751,700 versus $335,800 in Lake Magdalene — 55% more expensive.
1BR Fair Market Rent
2BR Fair Market Rent
BLS OEWS 2023 — metro-level data
Florida has no state income tax, while New York tops out at 10.90% — giving Lake Magdalene a clear advantage for high earners. Sales tax is 6.00% in Florida and 4.00% in New York; New York has the lower rate (local add-ons may apply in both).
Lake Magdalene
Income tax: None
Sales tax: 6.00%
New York
Income tax: 10.90%
Sales tax: 4.00%
Air quality data is available for New York (avg AQI 61.0) but not yet for Lake Magdalene.
Pick Lake Magdalene if you prioritize cheaper rent ($1,342/mo median).
Pick Lake Magdalene if you prioritize no state income tax.
Is Lake Magdalene cheaper than New York?
Cost of living index data is not yet available for one or both cities.
How much is rent in Lake Magdalene vs New York?
Median rent is $1,342/mo in Lake Magdalene, FL and $1,779/mo in New York, NY. Lake Magdalene, FL has the lower rent by about 25%.
Which has higher salaries — Lake Magdalene or New York?
Median household income is $75,606 in Lake Magdalene, FL and $79,713 in New York, NY. New York, NY has the higher median income. Note that BLS occupational wages in the table above show wages for specific jobs.
Which city has better air quality?
Air quality data is not yet available for one or both cities.
Which has lower taxes — Lake Magdalene or New York?
Florida has no state income tax. New York has a top rate of 10.90%.
What salary do I need in New York to match my Lake Magdalene income?
RPP data needed for salary equivalence calculation is not yet available.
Data last updated: December 1, 2024 · Sources: US Census ACS, BEA RPP, BLS OEWS, HUD FMR, EPA AirNow, Tax Foundation · Methodology