Fellsmere, FL vs Lakewood Park, FL

There is a significant gap in the cost of living between these two cities. Fellsmere is 16.8% cheaper than Lakewood Park. With a cost index of 77 vs 92, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Fellsmere to Lakewood Park should plan for substantially higher expenses across most categories.

On the housing front, median rent in Fellsmere is $1,079/month compared to $1,185/month in Lakewood Park — a 9% difference. Home values follow the same pattern: Fellsmere is more affordable at $123,400 median vs $252,900.

Median household income in Fellsmere is $47,335 compared to $64,848 in Lakewood Park (-27%). While Lakewood Park is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Fellsmere spend roughly 27.4% of their income on rent, more than the 21.9% in Lakewood Park.