Gulfport, FL vs Wallace, FL

Gulfport, FL and Wallace, FL have a very similar cost of living, with only a 1.6% difference in their overall index. Gulfport scores 108 while Wallace scores 107 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 $1,394/month in Wallace — a 7% difference. Interestingly, home values tell a different story: while Wallace has cheaper rent, Gulfport actually has lower median home values ($335,100 vs $377,600).

Median household income in Gulfport is $68,617 compared to $115,216 in Wallace (-40.4%). Wallace 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 14.5% in Wallace.

Climate-wise, Gulfport is notably warmer with an average of 74.7°F compared to 69.2°F in Wallace. Wallace receives more rainfall at 66.4" per year compared to 46.7" in Gulfport.