Cutler Bay, FL vs Three Lakes, FL

Cutler Bay is moderately more affordable than Three Lakes, with a 8.5% lower cost of living index. Cutler Bay scores 131 compared to 143 for Three Lakes, where the US average is 100. This difference means residents of Three Lakes can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Cutler Bay is $1,893/month compared to $2,255/month in Three Lakes — a 16% difference. Home values follow the same pattern: Cutler Bay is more affordable at $420,800 median vs $434,800.

Median household income in Cutler Bay is $82,155 compared to $91,364 in Three Lakes (-10.1%). While Three Lakes 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, less than the 29.6% in Three Lakes.