Lake Magdalene, Florida Demographics & Population 2026
During the 2020–2024 ACS period, Lake Magdalene, Florida had a total population of 32,083, the 135th largest community in Florida, with a median household income of $75,594, which is 1% higher than the state average. The poverty rate is 13.0%.
Data vintage: U.S. Census Bureau ACS 2020–2024 5-Year Estimates · refreshed July 2026 · Methodology & source notes
Lake Magdalene Quick Facts
How Lake Magdalene Changed
Change from the 2019–2023 ACS period to 2020–2024. These are rolling five-year estimates, not year-over-year measurements.
| Metric | 2019–2023 | 2020–2024 | Change |
|---|---|---|---|
| Population | 31,733 | 32,083 | +1.1% |
| Median household income | $75,606 | $75,594 | -0.0% |
| Median home value | $335,800 | $371,800 | +10.7% |
How Lake Magdalene Compares
Median Household Income
Median Home Value
Economy & Housing
Household Income Distribution
Detailed income brackets
Employment
Housing Overview
People & Demographics
Age Distribution
Race & Ethnicity
Diversity Index
A diverse community with significant representation from multiple racial and ethnic groups.
State average: 65 | National average: 61
Education
Educational Attainment (Adults 25+)
Lake Magdalene Rankings in Florida
Explore Florida Rankings
Other Cities in Hillsborough County
| City | Population | Median Income | Poverty | Home Value |
|---|---|---|---|---|
| Tampa | 401,618 | $75,475 | 15.4% | $420,400 |
| Brandon | 119,767 | $79,685 | 11.4% | $339,000 |
| Riverview | 113,697 | $100,438 | 7.5% | $384,200 |
| Town 'n' Country | 85,928 | $73,538 | 11.3% | $337,100 |
| University (Hillsborough County) | 48,127 | $37,207 | 37.0% | $164,900 |
| Plant City | 40,887 | $67,439 | 15.0% | $291,800 |
| Valrico | 40,239 | $104,839 | 9.9% | $393,700 |
| Carrollwood | 36,725 | $81,959 | 8.4% | $384,600 |
| Egypt Lake-Leto | 35,873 | $54,032 | 16.8% | $315,100 |
| Sun City Center | 33,548 | $73,528 | 8.3% | $317,000 |
Cities Similar to Lake Magdalene
These cities in the same state have comparable population and economic profiles.
| City | Population | Median Income | Home Value | Bachelor's+ | Poverty |
|---|---|---|---|---|---|
| Lakeside | 32,105 | $81,684 | $273,900 | 23.6% | 8.9% |
| New Smyrna Beach | 31,974 | $83,865 | $395,300 | 40.3% | 8.2% |
| Sun City Center | 33,548 | $73,528 | $317,000 | 38.5% | 8.3% |
| Buenaventura Lakes | 32,682 | $68,887 | $327,500 | 22.4% | 13.3% |
| Vero Beach South | 30,344 | $73,420 | $335,200 | 29.2% | 9.1% |
Population Overview
Lake Magdalene is a mid-sized community located in Florida, within Hillsborough County. The total population is 32,083. It ranks as the 135th most populous out of 955 Census-designated places in Florida.
Age Demographics
The median age in Lake Magdalene is 40.8 years. This is 4% lower than the state median of 42.6 years.
Economy, Income & Housing
The median household income in Lake Magdalene is $75,594. This is 1% higher than the state median of $74,568. It is also 6% lower than the national median of $80,734. The poverty rate stands at 13.0%. This is 3% higher than the state poverty rate of 12.6%. The unemployment rate is 3.6%. This is 25% lower than the state rate of 4.8%. The median home value is $371,800. Housing costs are 4% higher than the state median of $359,000. The home-value-to-income ratio is 4.9x. 72.3% of occupied housing units are owner-occupied. This homeownership rate is 7% higher than the state average of 67.6%.
Race & Ethnicity
The largest racial or ethnic group in Lake Magdalene is White (non-Hispanic), making up 54.3% of the population. Hispanic or Latino residents account for 31.0%. The Black or African American population (6.2%) is well below the state average of 14.6%. The Asian population is significantly higher than the state average (4.5% vs 2.9%).
Education
40.2% of residents aged 25 and older hold a bachelor's degree or higher. This is 18% higher than the state rate of 34.2%. Nationally, 35.7% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 93.5%.
Data Sources & Methodology
All demographic data for Lake Magdalene, Florida is sourced from the U.S. Census Bureau's American Community Survey (ACS) 2020–2024 5-Year Estimates. The ACS collects data from approximately 3.5 million households annually and pools five years of responses so that even small communities can be measured, though the margin of error widens as the population falls. Comparisons are made against Florida state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 955 Census-designated places in Florida. Read more about how these figures are produced on our methodology page, or visit data.census.gov for official data.
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Frequently Asked Questions
What is the population of Lake Magdalene, Florida?
Lake Magdalene, Florida has a population of 32,083 according to the most recent U.S. Census ACS 5-Year Estimates.
What is the median household income in Lake Magdalene, FL?
The median household income in Lake Magdalene is $75,594, which is 6% lower than the national median of $80,734.
What is the poverty rate in Lake Magdalene, FL?
The poverty rate in Lake Magdalene is 13.0%. This means approximately 4,083 residents live below the federal poverty line.
What is the racial makeup of Lake Magdalene, Florida?
Lake Magdalene's population is 54.3% White, 6.2% Black, 31.0% Hispanic/Latino, and 4.5% Asian.
What is the median home value in Lake Magdalene, FL?
The median home value in Lake Magdalene is $371,800. The home-value-to-income ratio is 4.9x.
How educated is Lake Magdalene, Florida?
40.2% of adults (25+) in Lake Magdalene hold a bachelor's degree or higher, and 14.3% hold a graduate or professional degree.