Fort Myers, FL vs Lake Magdalene, FL

Fort Myers, FL and Lake Magdalene, FL have a very similar cost of living, with only a 4.4% difference in their overall index. Fort Myers scores 109 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 Fort Myers is $1,442/month compared to $1,342/month in Lake Magdalene — a 8% difference. Home values follow the same pattern: Lake Magdalene is more affordable at $335,800 median vs $351,600.

Median household income in Fort Myers is $62,160 compared to $75,606 in Lake Magdalene (-17.8%). Lake Magdalene offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Fort Myers spend roughly 27.8% of their income on rent, more than the 21.3% in Lake Magdalene.