Lake Alfred, FL vs Tavares, FL

Lake Alfred, FL and Tavares, FL have a very similar cost of living, with only a 3.2% difference in their overall index. Lake Alfred scores 94 while Tavares scores 97 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 Lake Alfred is $1,348/month compared to $1,409/month in Tavares — a 4% difference. Interestingly, home values tell a different story: while Lake Alfred has cheaper rent, Tavares actually has lower median home values ($225,500 vs $226,800).

Median household income in Lake Alfred is $68,854 compared to $57,644 in Tavares (+19.4%). Lake Alfred offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Lake Alfred spend roughly 23.5% of their income on rent, less than the 29.3% in Tavares.

Climate-wise, both cities share similar average temperatures (74.6°F vs 72.8°F). Lake Alfred receives more rainfall at 46.1" per year compared to 43.8" in Tavares.