Englewood, FL vs Lake Alfred, FL

Englewood, FL and Lake Alfred, FL have a very similar cost of living, with only a 4.2% difference in their overall index. Englewood scores 98 while Lake Alfred scores 94 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 Englewood is $1,218/month compared to $1,348/month in Lake Alfred — a 10% difference. Interestingly, home values tell a different story: while Englewood has cheaper rent, Lake Alfred actually has lower median home values ($226,800 vs $295,600).

Median household income in Englewood is $65,557 compared to $68,854 in Lake Alfred (-4.8%). Lake Alfred offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Englewood spend roughly 22.3% of their income on rent, less than the 23.5% in Lake Alfred.