Edgewood, FL vs Sky Lake, FL

Sky Lake is moderately more affordable than Edgewood, with a 13.2% lower cost of living index. Edgewood scores 117 compared to 103 for Sky Lake, where the US average is 100. This difference means residents of Edgewood can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Edgewood is $1,451/month compared to $1,538/month in Sky Lake — a 6% difference. Interestingly, home values tell a different story: while Edgewood has cheaper rent, Sky Lake actually has lower median home values ($254,300 vs $452,400).

Median household income in Edgewood is $79,345 compared to $65,161 in Sky Lake (+21.8%). While Edgewood is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Edgewood spend roughly 21.9% of their income on rent, less than the 28.3% in Sky Lake.