Clermont, FL vs Palmetto Estates, FL

Clermont is moderately more affordable than Palmetto Estates, with a 10.9% lower cost of living index. Clermont scores 120 compared to 134 for Palmetto Estates, where the US average is 100. This difference means residents of Palmetto Estates can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Clermont is $1,774/month compared to $2,015/month in Palmetto Estates — a 12% difference. Home values follow the same pattern: Clermont is more affordable at $368,600 median vs $412,200.

Median household income in Clermont is $79,789 compared to $82,199 in Palmetto Estates (-2.9%). Palmetto Estates does offer higher incomes, but the salary premium barely offsets the higher cost of living, leaving residents with a tighter budget. Looking at affordability, residents of Clermont spend roughly 26.7% of their income on rent, less than the 29.4% in Palmetto Estates.