Davenport, FL vs Lake Magdalene, FL

The cost of living difference between Davenport, FL and Lake Magdalene, FL is dramatic. Lake Magdalene is 40% cheaper than Davenport, a gap that translates to thousands of dollars per year in household expenses. Davenport has a cost index of 146 while Lake Magdalene sits at 104, 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 Davenport is $2,875/month compared to $1,342/month in Lake Magdalene — a 114% difference. Interestingly, home values tell a different story: while Lake Magdalene has cheaper rent, Davenport actually has lower median home values ($297,000 vs $335,800).

Median household income in Davenport is $65,157 compared to $75,606 in Lake Magdalene (-13.8%). Lake Magdalene offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Davenport spend roughly 52.9% of their income on rent, more than the 21.3% in Lake Magdalene. The Lake Magdalene ratio exceeds the commonly recommended 30% threshold, which can put pressure on household budgets.