Boca Raton, FL vs Lakewood Ranch, FL

Lakewood Ranch is moderately more affordable than Boca Raton, with a 5.9% lower cost of living index. Boca Raton scores 164 compared to 155 for Lakewood Ranch, where the US average is 100. This difference means residents of Boca Raton can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Boca Raton is $2,334/month compared to $2,213/month in Lakewood Ranch — a 6% difference. Home values follow the same pattern: Lakewood Ranch is more affordable at $626,500 median vs $660,100.

Median household income in Boca Raton is $102,722 compared to $123,471 in Lakewood Ranch (-16.8%). Lakewood Ranch offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Boca Raton spend roughly 27.3% of their income on rent, more than the 21.5% in Lakewood Ranch.