Belleview, FL vs Lake Wales, FL

Belleview is moderately more affordable than Lake Wales, with a 7.1% lower cost of living index. Belleview scores 79 compared to 85 for Lake Wales, where the US average is 100. This difference means residents of Lake Wales can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Belleview is $998/month compared to $1,060/month in Lake Wales — a 6% difference. Home values follow the same pattern: Belleview is more affordable at $183,400 median vs $225,900.

Median household income in Belleview is $48,252 compared to $55,799 in Lake Wales (-13.5%). While Lake Wales is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Belleview spend roughly 24.8% of their income on rent, more than the 22.8% in Lake Wales.