Fairview Shores, FL vs Lake Magdalene, FL

Fairview Shores, FL and Lake Magdalene, FL have a very similar cost of living, with only a 4.7% difference in their overall index. Fairview Shores scores 99 while Lake Magdalene scores 104 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 Fairview Shores is $1,246/month compared to $1,342/month in Lake Magdalene — a 7% difference. Home values follow the same pattern: Fairview Shores is more affordable at $315,200 median vs $335,800.

Median household income in Fairview Shores is $61,387 compared to $75,606 in Lake Magdalene (-18.8%). While Lake Magdalene is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Fairview Shores spend roughly 24.4% of their income on rent, more than the 21.3% in Lake Magdalene.