Edgewater, FL vs Port Charlotte, FL

Edgewater, FL and Port Charlotte, FL have a very similar cost of living, with only a 1% difference in their overall index. Edgewater scores 96 while Port Charlotte scores 96 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 Edgewater is $1,392/month compared to $1,335/month in Port Charlotte — a 4% difference. Interestingly, home values tell a different story: while Port Charlotte has cheaper rent, Edgewater actually has lower median home values ($238,700 vs $249,400).

Median household income in Edgewater is $58,805 compared to $60,729 in Port Charlotte (-3.2%). Port Charlotte offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Edgewater spend roughly 28.4% of their income on rent, more than the 26.4% in Port Charlotte.