Fort Myers Beach, FL Cost Of Living

Fort Myers Beach cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
Index	Fort Myers Beach	Florida	National
Cost of living index	120	99	100
Index	Fort Myers Beach	Florida	National
Goods & Services index	94	99	100
Groceries index	108	105	100
Health care index	104	98	100
Housing index	173	96	100
Transportation index	107	100	100
Utilities index	84	103	100

A general summary of the cost of living index in Fort Myers Beach, FL is shown above. Compared to the state average of Florida the cost of living index in Fort Myers Beach, FL is 120, which is 21% higher than the average in Florida and compared to the national average it is 20% higher than. The cost of living index is made up of several categories. These are transportation at 9%, utilities at 10%, goods and services at 33%, housing at 30%, groceries at 13%, and health care at 5%. The bulk of the cost of living index comes from the categories of goods and services and housing. If you look at everyday goods and services they can be a good indicator in a certain city of the general costs of goods there. In Fort Myers Beach, FL goods and services come in at 5% lower than the average in Florida and are 6% lower than compared to the nationwide average.

Did you know?

The cost of living in Fort Myers Beach is 21% higher than the Florida average.
The cost of living in Fort Myers Beach is 20% higher than the national average.
The cost of housing in Fort Myers Beach 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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Salary Calculator

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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

The salary calculator is used in order to provide a comparison of your current salary in Fort Myers Beach, FL to another city of your choice. The calculator will inform you of what your salary needs to be in any specific city in order for you to maintain your living standard based on what the city’s cost of living is. As an example, if you are seeking to move to a city that has a higher cost of living compared to Fort Myers Beach, FL, you would have to earn a higher income to maintain a standard of living that is similar. To get started with the Fort Myers Beach, FL salary calculator, input the new city’s name and then move the slider to indicate your current income. The salary calculator will now process the numbers and show you whether you need to earn more or less in the chosen city. A comprehensive breakdown of the cost of living will also be shown.

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

If you want to find a good determining factor for the cost of living and the general affordability of housing in Fort Myers Beach, FL, all you must look at 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, FL, 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%

For those who live in Fort Myers Beach, FL and want to know what the true cost of living is, they ought to look at both the Florida income tax rate and the Florida sales tax rate. By sales tax, we mean the taxes that are included whenever a person is purchasing any goods or services. The amount that is taxed depends upon the particular state, where some states have a sales tax of zero percent while others can have a tax higher than seven percent. In Florida, the sales tax is 6%, while the most you'll pay in surtax is 7.5%. There is also income tax to consider, which is based upon the amount of money made in a year. Just like sales tax, income tax depends upon the particular state but also depends upon what tax bracket the person is in. Income tax for the state can be higher than nine percent in some states to zero percent in others. For those that live in Florida, the income tax rate ranges between 0% to 0%.

Goods & Services

Item	Fort Myers Beach	National avg.	Difference
Haircut	$18.00	$16.09	11.9%
Beauty Salon	$22.67	$37.33	39.3%
Toothpaste	$3.74	$2.45	52.7%
Shampoo	$0.98	$1.00	1.7%
Movie	$7.26	$10.28	29.4%
Bowling	$4.79	$4.93	2.8%

Groceries

Item	Fort Myers Beach	National avg.	Difference
Ground Beef	$4.61	$3.80	21.2%
Fried Chicken	$1.65	$1.40	18.4%
Milk	$2.52	$2.01	25.5%
Potatoes	$3.30	$3.01	9.6%
Pizza	$10.01	$9.89	1.3%
Beer	$9.25	$8.90	4.0%

Health Care

Item	Fort Myers Beach	National avg.	Difference
Optometrist	$70.67	$102.16	30.8%
Doctor	$113.75	$108.36	5.0%
Dentist	$98.87	$92.53	6.9%
Ibuprofen	$10.97	$9.28	18.2%
Lipitor	$432.83	$425.82	1.6%

Housing

Item	Fort Myers Beach	National avg.	Difference
Home Price	$367,800.00	$184,700.00	99.1%
Avg. Mortgage Payment	$1,056.44	$1,202.44	12.1%
Apartment Rent	$1,076.00	$949.00	13.4%

Transportation

Item	Fort Myers Beach	National avg.	Difference
Gasoline	$2.22	$2.24	0.9%
Tire Balancing	$56.97	$46.29	23.1%

Utilities

Item	Fort Myers Beach	National avg.	Difference
All Electricity	$158.92	$165.96	4.2%
Phone	$20.01	$28.68	30.2%

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	79	-21%
North Fort Myers, FL	40,642	84	-16%
Harlem Heights, FL	1,291	85	-15%
Page Park, FL	473	86	-14%
Villas, FL	10,871	92	-8%
Fort Myers Beach, FL	6,801	120	20%

Cities with similar population

City, State	Population	Cost of Living Index	National Avg.
Kirtland, OH	6,802	112	12%
Madison Park, NJ	6,800	119	19%
Nevada, IA	6,796	84	-16%
Piñon Hills, CA	6,796	109	9%
Mount Ivy, NY	6,792	122	22%
Fort Myers Beach, FL	6,801	120	20%

Source: The Fort Myers Beach, FL cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2017.

Fort Myers Beach, FL Cost of Living