Gulfport, FL vs Lake Magdalene, FL

Gulfport, FL and Lake Magdalene, FL have a very similar cost of living, with only a 4.2% difference in their overall index. Gulfport scores 108 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 Gulfport is $1,487/month compared to $1,342/month in Lake Magdalene — a 11% difference. Interestingly, home values tell a different story: while Lake Magdalene has cheaper rent, Gulfport actually has lower median home values ($335,100 vs $335,800).

Median household income in Gulfport is $68,617 compared to $75,606 in Lake Magdalene (-9.2%). 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 Gulfport spend roughly 26% of their income on rent, more than the 21.3% in Lake Magdalene.

Climate-wise, both cities share similar average temperatures (74.7°F vs 74.5°F). Lake Magdalene receives more rainfall at 49.5" per year compared to 46.7" in Gulfport.