How many renters in Lake Magdalene, FL pay more than 30% of their income on rent?
57.3% (±9.7 points) of renting households in Lake Magdalene, FL spend 30% or more of their household income on gross rent (2020–2024 American Community Survey).
43.8% spend 35% or more.
The median renting household spends 32.7% of its income on rent.
Figures last updated on .
- Paying 30% or more
- 57.3% (±9.7 points)
- Paying 35% or more
- 43.8% (±8.3 points)
- Median share of income
- 32.7% (±3.0 points)
Rent as a share of income in Lake Magdalene
| Share of income spent on rent | Lake Magdalene | Hillsborough County | Florida | United States |
|---|---|---|---|---|
| Less than 15% | 3.7% (±2.5 points) | 7.6% | 8.1% | 12.6% |
| 15% to 19.9% | 15.7% (±7.6 points) | 9.7% | 9.3% | 12.2% |
| 20% to 24.9% | 11.4% (±4.7 points) | 12.2% | 11.3% | 12.6% |
| 25% to 29.9% | 11.9% (±5.2 points) | 12.6% | 11.3% | 11.5% |
| 30% to 34.9% | 13.5% (±5.0 points) | 10.2% | 9.8% | 9.2% |
| 35% or more | 43.8% (±8.3 points) | 47.7% | 50.2% | 41.9% |
Households whose income could not be measured against their rent (for example, those reporting no income) are left out of these shares, as the Census Bureau leaves them out.
Lake Magdalene against Hillsborough County, its state and the nation
| Lake Magdalene | Hillsborough County | Florida | United States | |
|---|---|---|---|---|
| Paying 30% or more | 57.3% (±9.7 points) | 57.9% (±1.3 points) | 60.0% (±0.4 points) | 51.1% |
| Paying 35% or more | 43.8% (±8.3 points) | 47.7% (±1.1 points) | 50.2% (±0.4 points) | 41.9% |
| Median share of income | 32.7% (±3.0 points) | 33.9% (±0.5 points) | 35.2% (±0.3 points) | 30.6% |
| Median renter household income | $50,321 (±$8,684) | $55,100 (±$1,440) | $53,617 (±$353) | $52,966 |
| Median gross rent | $1,434 (±$60) | $1,667 (±$14) | $1,669 (±$5) | $1,413 |
In Lake Magdalene, the share of renters paying 30% or more of income is not measurably different from Hillsborough County (57.9%).
It is not measurably different from Florida (60.0%).
It is not measurably different from the national figure (51.1%).
In Hillsborough County, Lake Magdalene ranks 16 of 33 places with a published estimate, from highest to lowest share of renters paying 30% or more of income.
Statewide, it ranks 461 of 843.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
Renters paying 30% or more of income in places near Lake Magdalene
| Place | Distance | Renters paying 30% or more of income | Compared with this place |
|---|---|---|---|
| Lake Magdalene | — | 57.3% (±9.7 points) | — |
| Carrollwood | 2.5 mi | 59.5% (±8.4 points) | Not measurably different |
| Northdale | 3.1 mi | 65.6% (±11.2 points) | Not measurably different |
| University (Hillsborough County) | 3.1 mi | 69.1% (±4.4 points) | Higher |
| Lutz | 4.6 mi | 65.1% (±11.2 points) | Not measurably different |
| Egypt Lake-Leto | 4.6 mi | 62.2% (±6.3 points) | Not measurably different |
| Citrus Park | 4.8 mi | 58.5% (±11.3 points) | Not measurably different |
| Cheval | 5.0 mi | 47.4% (±12.0 points) | Not measurably different |
| Temple Terrace | 7.1 mi | 54.4% (±9.2 points) | Not measurably different |
Nearby places with a measurably higher figure: University (Hillsborough County), FL (69.1%).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Renters paying 30% or more of income across Hillsborough County, place by place
| Rank | Place | Renters paying 30% or more of income |
|---|---|---|
| 10 | Gibsonton | 61.5% (±10.5 points) |
| 11 | Carrollwood | 59.5% (±8.4 points) |
| 12 | East Lake-Orient Park | 59.4% (±9.6 points) |
| 13 | Valrico | 59.0% (±11.3 points) |
| 14 (tie) | Citrus Park | 58.5% (±11.3 points) |
| 14 (tie) | Ruskin | 58.5% (±14.0 points) |
| 16 (tie) | Lake Magdalene | 57.3% (±9.7 points) |
| 16 (tie) | Tampa | 57.3% (±2.2 points) |
| 18 | Apollo Beach | 57.0% (±17.4 points) |
| 19 | Brandon | 56.5% (±4.4 points) |
| 20 (tie) | Plant City | 55.3% (±7.5 points) |
| 20 (tie) | Riverview | 55.3% (±7.1 points) |
| 22 | Town 'n' Country | 55.0% (±5.3 points) |
Showing 13 of 33 places in Hillsborough County, ranked from highest to lowest.
Lake Magdalene is a census-designated place: an unincorporated community the Census Bureau draws for statistics, with no municipal government of its own.
Survey years: 2020–2024 (American Community Survey 5-year estimates).
Margins of error are at the 90% confidence level.
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Questions about Lake Magdalene
Are renters in Lake Magdalene rent-burdened?
57.3% of renting households in Lake Magdalene pay 30% or more of their income in gross rent, the share housing researchers usually call rent-burdened (2020–2024 American Community Survey).
What share of income do renters in Lake Magdalene spend on rent?
The median renting household in Lake Magdalene, FL spends 32.7% (±3.0 points) of its household income on gross rent.
Sources
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Lake Magdalene CDP, Florida
- Median Gross Rent as a Percentage of Household Income (B25071), 2020–2024 ACS 5-year estimates — Lake Magdalene CDP, Florida
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Lake Magdalene CDP, Florida
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) and detailed tables (acs/acs5) for Lake Magdalene CDP, Florida (place:38350, in state:12).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The API needs a free key.
DP04_0136E, DP04_0136M, DP04_0137PE, DP04_0137PM, DP04_0138PE, DP04_0138PM, DP04_0139PE, DP04_0139PM, DP04_0140PE, DP04_0140PM, DP04_0141PE, DP04_0141PM, DP04_0142PE, DP04_0142PM, B25071_001E, B25071_001M, B25119_003E, B25119_003M
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .
Related
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- Population growth in Lake Magdalene
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- Fair Market Rent in Lake Magdalene
- Florida landlord and tenant rules
- Housing across Hillsborough County
- Florida places ranked by rent burden
- Housing data for every place in Florida