Lely Resort, FL vs Palmetto Bay, FL

Lely Resort is moderately more affordable than Palmetto Bay, with a 7.7% lower cost of living index. Lely Resort scores 148 compared to 160 for Palmetto Bay, where the US average is 100. This difference means residents of Palmetto Bay can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Lely Resort is $2,028/month compared to $1,862/month in Palmetto Bay — a 9% difference. Interestingly, home values tell a different story: while Palmetto Bay has cheaper rent, Lely Resort actually has lower median home values ($599,000 vs $787,000).

Median household income in Lely Resort is $100,163 compared to $143,368 in Palmetto Bay (-30.1%). While Palmetto Bay is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Lely Resort spend roughly 24.3% of their income on rent, more than the 15.6% in Palmetto Bay.

Climate-wise, both cities share similar average temperatures (75.5°F vs 77.4°F). Palmetto Bay receives more rainfall at 51" per year compared to 49.6" in Lely Resort.