Penney Farms, FL vs Wabasso, FL

Wabasso is moderately more affordable than Penney Farms, with a 13.7% lower cost of living index. Penney Farms scores 110 compared to 97 for Wabasso, where the US average is 100. This difference means residents of Penney Farms can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Penney Farms is $1,893/month compared to $944/month in Wabasso — a 101% difference. Interestingly, home values tell a different story: while Wabasso has cheaper rent, Penney Farms actually has lower median home values ($213,300 vs $413,600).

Median household income in Penney Farms is $60,625 compared to $66,771 in Wabasso (-9.2%). Wabasso offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Penney Farms spend roughly 37.5% of their income on rent, more than the 17% in Wabasso. The Wabasso ratio exceeds the commonly recommended 30% threshold, which can put pressure on household budgets.

Climate-wise, both cities share similar average temperatures (71.4°F vs 73.6°F). Wabasso receives more rainfall at 53.2" per year compared to 47.6" in Penney Farms.