Coral Terrace, FL vs Lely Resort, FL

Coral Terrace is moderately more affordable than Lely Resort, with a 10.9% lower cost of living index. Coral Terrace scores 132 compared to 148 for Lely Resort, where the US average is 100. This difference means residents of Lely Resort can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Coral Terrace is $1,707/month compared to $2,028/month in Lely Resort — a 16% difference. Home values follow the same pattern: Coral Terrace is more affordable at $496,500 median vs $599,000.

Median household income in Coral Terrace is $77,396 compared to $100,163 in Lely Resort (-22.7%). While Lely Resort is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Coral Terrace spend roughly 26.5% of their income on rent, more than the 24.3% in Lely Resort.