Clearwater, FL vs The Hammocks, FL

There is a significant gap in the cost of living between these two cities. Clearwater is 20.3% cheaper than The Hammocks. With a cost index of 109 vs 137, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Clearwater to The Hammocks should plan for substantially higher expenses across most categories.

On the housing front, median rent in Clearwater is $1,539/month compared to $2,041/month in The Hammocks — a 25% difference. Home values follow the same pattern: Clearwater is more affordable at $326,100 median vs $437,700.

Median household income in Clearwater is $64,440 compared to $83,253 in The Hammocks (-22.6%). While The Hammocks 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, less than the 29.4% in The Hammocks.