Cost Of Living in Fort Myers Beach, FL

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F

38%

Overall NAT. AVG.

5%

Goods & Services NAT. AVG.

119%

Housing NAT. AVG.

Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.

The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index	Fort Myers Beach	Florida	National
Cost of living	138	98	100
Goods & Services	105	98	100
Groceries	99	99	100
Health care	108	96	100
Housing	219	96	100
Transportation	107	99	100
Utilities	96	97	100

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Cost Of Living Quick Facts

The cost of living in Fort Myers Beach is 41% higher than the Florida average
The cost of living in Fort Myers Beach is 38% higher than the national average
Fort Myers Beach housing is 119% higher than the national average
Florida general sales tax is 18% higher than the national average
Florida state income tax is 100% lower than the national average

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Price difference in compared to

Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$80,313	$6,693	$1,874	$2,410
Renters	$58,646	$4,887	$1,368	$1,760

A good indicator of the general affordability of housing in Fort Myers Beach, FL, is the percentage of monthly income that should be spent on housing expenses, otherwise known as the debt-to-income ratio (DTI). Generally speaking, no more than 28 percent of your total gross income should be spent on your housing expenses and not more than 36 percent of your gross income on total expenses, including debts. In Fort Myers Beach, the median monthly income is $80,313 for those who own their own homes. Under the standard rule, that income level would allow for $1,874 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $58,646, per the median income in the area. That would allow for renters to spend up to $1,368 on monthly rental expenses.

Florida Sales Tax

State	General Sales Tax	With Max Surtax
Florida	6%	7.5%

Florida Income Tax

State	Income Tax (Low)	Income Tax (High)
Florida	0%	0%

Goods & Services

Item	Fort Myers Beach	National avg.	Difference
Haircut	$28.20	$24.26	16.2%
Beauty Salon	$54.05	$45.56	18.6%
Toothpaste	$3.63	$3.70	1.9%
Shampoo	$1.45	$1.28	13.5%
Movie	$13.05	$12.13	7.6%
Bowling	$21.20	$18.00	17.8%

Groceries

Item	Fort Myers Beach	National avg.	Difference
Ground Beef	$6.06	$5.84	3.8%
Fried Chicken	$1.40	$1.57	11.0%
Milk	$4.57	$4.67	2.2%
Potatoes	$5.24	$4.93	6.1%
Pizza	$11.72	$12.09	3.0%
Beer	$11.06	$10.41	6.2%

Health Care

Item	Fort Myers Beach	National avg.	Difference
Optometrist	$101.67	$125.68	19.1%
Doctor	$153.94	$135.78	13.4%
Dentist	$122.09	$113.29	7.8%
Ibuprofen	$10.59	$10.65	0.6%
Lipitor	$535.04	$468.60	14.2%

Housing

Item	Fort Myers Beach	National avg.	Difference
Home Price	$474,900.00	$184,700.00	157.1%
Avg. Mortgage Payment	$2,422.46	$2,346.69	3.2%
Apartment Rent	$1,223.00	$949.00	28.9%

Transportation

Item	Fort Myers Beach	National avg.	Difference
Gasoline	$3.47	$3.46	0.2%
Tire Balancing	$74.92	$59.92	25.0%

Utilities

Item	Fort Myers Beach	National avg.	Difference
All Electricity	$179.36	$193.99	7.5%
Phone	$194.07	$192.25	0.9%

Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City	Population	Cost of Living Index	National Avg.
North Fort Myers, FL	42,315	92	8.1%
Pine Manor, FL	4,582	95	5.1%
Harlem Heights, FL	1,362	95	4.7%
Page Park, FL	621	99	0.9%
Cypress Lake, FL	12,766	103	3.4%
Fort Myers Beach, FL	7,102	138	37.6%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Portage la Prairie, MB	7,102	n/a
Pinson, AL	7,108	94	5.8%
Glenolden, PA	7,094	101	0.9%
East Shoreham, NY	7,090	148	47.9%
Inverness Highlands South, FL	7,114	90	10.0%
Fort Myers Beach, FL	7,102	138	37.6%