Cudjoe Key, FL vs Shalimar, FL

Shalimar is moderately more affordable than Cudjoe Key, with a 9.2% lower cost of living index. Cudjoe Key scores 151 compared to 138 for Shalimar, where the US average is 100. This difference means residents of Cudjoe Key can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Cudjoe Key is $1,875/month compared to $2,162/month in Shalimar — a 13% difference. Interestingly, home values tell a different story: while Cudjoe Key has cheaper rent, Shalimar actually has lower median home values ($463,900 vs $707,700).

Median household income in Cudjoe Key is $84,890 compared to $108,182 in Shalimar (-21.5%). Shalimar 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 24% in Shalimar.