Cutler Bay, FL vs Lake Mary, FL

Cutler Bay, FL and Lake Mary, FL have a very similar cost of living, with only a 2.2% difference in their overall index. Cutler Bay scores 131 while Lake Mary scores 134 on the cost of living index, where 100 represents the national average. The day-to-day expenses for residents in both cities are comparable, though differences emerge when looking at specific categories.

On the housing front, median rent in Cutler Bay is $1,893/month compared to $1,999/month in Lake Mary — a 5% difference. Home values follow the same pattern: Cutler Bay is more affordable at $420,800 median vs $462,200.

Median household income in Cutler Bay is $82,155 compared to $116,944 in Lake Mary (-29.7%). While Lake Mary is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Cutler Bay spend roughly 27.7% of their income on rent, more than the 20.5% in Lake Mary.