Graceville, FL vs Waldo, FL

Graceville, FL and Waldo, FL have a very similar cost of living, with only a 0.6% difference in their overall index. Graceville scores 69 while Waldo 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 Graceville is $807/month compared to $838/month in Waldo — a 4% difference. Home values follow the same pattern: Graceville is more affordable at $106,300 median vs $112,200.

Median household income in Graceville is $33,068 compared to $27,036 in Waldo (+22.3%). While Graceville is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Graceville spend roughly 29.3% of their income on rent, less than the 37.2% in Waldo. The Graceville ratio exceeds the commonly recommended 30% threshold, which can put pressure on household budgets.

Climate-wise, both cities share similar average temperatures (68.3°F vs 69.3°F). Graceville receives more rainfall at 51.1" per year compared to 48.3" in Waldo.