Lake Alfred, FL vs Punta Gorda, FL

There is a significant gap in the cost of living between these two cities. Lake Alfred is 16% cheaper than Punta Gorda. With a cost index of 94 vs 112, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Lake Alfred to Punta Gorda should plan for substantially higher expenses across most categories.

On the housing front, median rent in Lake Alfred is $1,348/month compared to $1,235/month in Punta Gorda — a 9% difference. Interestingly, home values tell a different story: while Punta Gorda has cheaper rent, Lake Alfred actually has lower median home values ($226,800 vs $482,300).

Median household income in Lake Alfred is $68,854 compared to $79,291 in Punta Gorda (-13.2%). The higher salaries in Punta Gorda partially offset the cost difference, but don't fully close the gap. Looking at affordability, residents of Lake Alfred spend roughly 23.5% of their income on rent, more than the 18.7% in Punta Gorda.

Climate-wise, both cities share similar average temperatures (74.6°F vs 74.3°F). Punta Gorda receives more rainfall at 53" per year compared to 46.1" in Lake Alfred.