Five Points, FL vs Rainbow Lakes Estates, FL

Five Points, FL and Rainbow Lakes Estates, FL have a very similar cost of living, with only a 4.7% difference in their overall index. Five Points scores 72 while Rainbow Lakes Estates scores 69 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 Five Points is $850/month compared to $766/month in Rainbow Lakes Estates — a 11% difference. Interestingly, home values tell a different story: while Rainbow Lakes Estates has cheaper rent, Five Points actually has lower median home values ($124,000 vs $144,500).

Median household income in Five Points is $54,808 compared to $50,298 in Rainbow Lakes Estates (+9%). While Five Points is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Five Points spend roughly 18.6% of their income on rent, more than the 18.3% in Rainbow Lakes Estates.