Cocoa Beach, FL vs Lake Magdalene, FL

Lake Magdalene is moderately more affordable than Cocoa Beach, with a 14.9% lower cost of living index. Cocoa Beach scores 120 compared to 104 for Lake Magdalene, where the US average is 100. This difference means residents of Cocoa Beach can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Cocoa Beach is $1,555/month compared to $1,342/month in Lake Magdalene — a 16% difference. Home values follow the same pattern: Lake Magdalene is more affordable at $335,800 median vs $451,800.

Median household income in Cocoa Beach is $82,381 compared to $75,606 in Lake Magdalene (+9%). The higher salaries in Cocoa Beach partially offset the cost difference, but don't fully close the gap. Looking at affordability, residents of Cocoa Beach spend roughly 22.7% of their income on rent, more than the 21.3% in Lake Magdalene.