Fort Myers Beach, Florida Cost Of Living

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F

Overall 27%

Goods & Services 9%

Housing 73%

Date & Last Updated: This data reflects 2019 and was released from C2ER in January, 2020; 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	127	99	100
Goods & Services	109	99	100
Groceries	111	105	100
Health care	108	100	100
Housing	173	96	100
Transportation	108	98	100
Utilities	97	102	100

Key findings

The cost of living in Fort Myers Beach is 28% higher than the Florida average
The cost of living in Fort Myers Beach is 27% higher than the national average
Fort Myers Beach housing is 73% 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	$61,788	$5,149	$1,442	$1,854
Renters	$47,446	$3,954	$1,107	$1,424

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 $61,788 for those who own their own homes. Under the standard rule, that income level would allow for $1,442 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $47,446, per the median income in the area. That would allow for renters to spend up to $1,107 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	$21.33	$17.49	22.0%
Beauty Salon	$23.67	$38.17	38.0%
Toothpaste	$2.05	$2.32	11.7%
Shampoo	$0.90	$1.01	11.1%
Movie	$12.89	$10.72	20.2%
Bowling	$18.67	$13.86	34.7%

Groceries

Item	Fort Myers Beach	National avg.	Difference
Ground Beef	$4.69	$3.90	20.3%
Fried Chicken	$1.89	$1.40	35.4%
Milk	$2.99	$1.96	52.4%
Potatoes	$3.89	$3.18	22.2%
Pizza	$11.18	$10.39	7.6%
Beer	$9.73	$9.23	5.4%

Health Care

Item	Fort Myers Beach	National avg.	Difference
Optometrist	$85.74	$106.34	19.4%
Doctor	$123.50	$115.25	7.2%
Dentist	$110.33	$98.38	12.1%
Ibuprofen	$11.34	$9.26	22.4%
Lipitor	$488.67	$466.47	4.8%

Housing

Item	Fort Myers Beach	National avg.	Difference
Home Price	$367,800.00	$184,700.00	99.1%
Avg. Mortgage Payment	$1,243.50	$1,273.32	2.3%
Apartment Rent	$1,076.00	$949.00	13.4%

Transportation

Item	Fort Myers Beach	National avg.	Difference
Gasoline	$2.69	$2.59	3.8%
Tire Balancing	$57.31	$48.90	17.2%

Utilities

Item	Fort Myers Beach	National avg.	Difference
All Electricity	$155.09	$167.60	7.5%
Phone	$185.04	$163.42	13.2%

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, State	Population	Cost of Living Index	National Avg.
Pine Manor, FL	5,175	86	-14%
North Fort Myers, FL	40,642	90	-10%
Harlem Heights, FL	1,291	92	-8%
Page Park, FL	473	93	-7%
Villas, FL	10,871	98	-2%
Fort Myers Beach, FL	6,801	127	27%

Cities with similar population

City, State	Population	Cost of Living Index	National Avg.
Kirtland, OH	6,802	109	9%
Madison Park, NJ	6,800	119	19%
Nevada, IA	6,796	89	-11%
Piñon Hills, CA	6,796	110	10%
Mount Ivy, NY	6,792	118	18%
Fort Myers Beach, FL	6,801	127	27%

Source: The Fort Myers Beach, FL cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2019.

Fort Myers Beach, FL Cost of Living

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