Cudjoe Key, FL vs Lake Lorraine, FL

The cost of living difference between Cudjoe Key, FL and Lake Lorraine, FL is dramatic. Lake Lorraine is 33% cheaper than Cudjoe Key, a gap that translates to thousands of dollars per year in household expenses. Cudjoe Key has a cost index of 151 while Lake Lorraine sits at 113, making this one of the more striking comparisons on our site. Relocating between these cities would require a serious reassessment of budget and lifestyle expectations.

On the housing front, median rent in Cudjoe Key is $1,875/month compared to $1,488/month in Lake Lorraine — a 26% difference. Home values follow the same pattern: Lake Lorraine is more affordable at $411,900 median vs $707,700.

Median household income in Cudjoe Key is $84,890 compared to $91,619 in Lake Lorraine (-7.3%). Lake Lorraine offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Cudjoe Key spend roughly 26.5% of their income on rent, more than the 19.5% in Lake Lorraine.