Clearwater, FL vs Cutler Bay, FL

There is a significant gap in the cost of living between these two cities. Clearwater is 16.7% cheaper than Cutler Bay. With a cost index of 109 vs 131, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Clearwater to Cutler Bay should plan for substantially higher expenses across most categories.

On the housing front, median rent in Clearwater is $1,539/month compared to $1,893/month in Cutler Bay — a 19% difference. Home values follow the same pattern: Clearwater is more affordable at $326,100 median vs $420,800.

Median household income in Clearwater is $64,440 compared to $82,155 in Cutler Bay (-21.6%). While Cutler Bay is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Clearwater spend roughly 28.7% of their income on rent, more than the 27.7% in Cutler Bay.