Lely Resort, Florida Cost Of Living

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F

Overall 39%

Goods & Services 9%

Housing 113%

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	Lely Resort	Florida	National
Cost of living	139	99	100
Goods & Services	109	99	100
Groceries	111	105	100
Health care	108	100	100
Housing	213	96	100
Transportation	108	98	100
Utilities	97	102	100

Key findings

The cost of living in Lely Resort is 40% higher than the Florida average
The cost of living in Lely Resort is 39% higher than the national average
Lely Resort housing is 113% 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	$67,115	$5,593	$1,566	$2,014
Renters	$44,861	$3,738	$1,047	$1,346

The percentage of monthly income spent on housing related expenses can help predict the affordability of housing in Lely Resort, FL, as well as what the overall cost of living might be. Generally, a good rule to follow is that the debt-to-income (DTI) level you want to maintain is 28 percent or less of your income on your rent or mortgage payments and not more than 36 percent of income on all expenses and debts. In Lely Resort, homeowners have a median income of $67,115. Using that number, a maximum of $1,566 per month should be allocated to housing expenses. For those who are renting instead of owning, the median income is $44,861, which means there is a maximum of $1,047 to be spent on the costs of renting a home or apartment.

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	Lely Resort	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	Lely Resort	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	Lely Resort	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	Lely Resort	National avg.	Difference
Home Price	$467,800.00	$184,700.00	153.3%
Avg. Mortgage Payment	$1,243.50	$1,273.32	2.3%
Apartment Rent	$1,141.00	$949.00	20.2%

Transportation

Item	Lely Resort	National avg.	Difference
Gasoline	$2.69	$2.59	3.8%
Tire Balancing	$57.31	$48.90	17.2%

Utilities

Item	Lely Resort	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.
Goodland, FL	260	107	7%
Naples Manor, FL	5,839	96	-4%
Golden Gate, FL	28,928	102	2%
Lely, FL	3,788	114	14%
Naples Park, FL	6,416	115	15%
Lely Resort, FL	4,874	139	39%

Cities with similar population

City, State	Population	Cost of Living Index	National Avg.
Porter, IN	4,873	106	6%
West Sayville, NY	4,875	141	41%
Grayson Valley, AL	4,872	86	-14%
Colona, IL	4,876	87	-13%
Whiting, IN	4,870	96	-4%
Lely Resort, FL	4,874	139	39%

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

Lely Resort, FL Cost of Living

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