Lely Resort, FL Cost Of Living

Lely Resort 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	Lely Resort	Florida	National
Cost of living index	132	99	100
Index	Lely Resort	Florida	National
Goods & Services index	94	99	100
Groceries index	108	105	100
Health care index	104	98	100
Housing index	213	96	100
Transportation index	107	100	100
Utilities index	84	103	100

Displayed above is a general overview of the Lely Resort, FL cost of living index. The overall cost of living index in Lely Resort, FL is 132, which is 33% higher than the Florida average and 32% higher than the national average. The cost of living index is created from the following categories: goods/services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). As you can see, goods/services and housing make up the majority of the overall cost of living index. Everyday goods and services can be a good indicator of the general cost of goods in a given city. In this case, the goods and services in Lely Resort, FL are 5% lower than the Florida average and 6% lower than the national average.

Did you know?

The cost of living in Lely Resort is 33% higher than the Florida average.
The cost of living in Lely Resort is 32% higher than the national average.
The cost of housing in Lely Resort 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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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 allows you to compare how much your current salary in Lely Resort, FL would be worth in another city. In other words, the salary calculator will adjust the figure you enter for cost of living so that you can determine how much more or much less you would need to earn while maintaining your current quality of living. If you are considering relocating to a more expensive city than Lely Resort, FL, the calculator will tell you how much more you need to earn so you can assess job offers more accurately. The Lely Resort, FL salary calculator is easy to use. All you do is enter the name of another city, then move the slider to your current income. After that, the salary calculator will crunch the numbers for you and give you the information you need about the place you are considering going. Additionally, it will show a detailed breakdown of the cost of living.

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

How much of your monthly income goes to housing can tell you whether or not you can afford housing in Lely Resort, FL, as well as what the average cost of living is. 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 payment and not more than 36 percent of income on all expenses and debts. In Lely Resort, FL homeowners have a median income of $67,115. Using that number, you will come up with a maximum of $1,566 per month that can be spent on the cost of housing. 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%

The Florida sales tax and Florida income tax rates should definitely be considered when determining the overall cost of living in Lely Resort, FL. Sales taxes are taxes that are imposed onto goods and services sold. Sales taxes do vary by state and can range from no tax at all to upwards of 7%. The Florida sales tax is 6% and the maximum surtax is 7.5%. Income tax is the tax imposed on income by the government. The income tax rates will vary by state and will also increase or decrease depending on the corresponding tax bracket. State income tax rates can range from anywhere from no tax at all to more than 9%. The Florida income tax rates range from 0% to 0%.

Goods & Services

Item	Lely Resort	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	Lely Resort	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	Lely Resort	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	Lely Resort	National avg.	Difference
Home Price	$467,800.00	$184,700.00	153.3%
Avg. Mortgage Payment	$1,056.44	$1,202.44	12.1%
Apartment Rent	$1,141.00	$949.00	20.2%

Transportation

Item	Lely Resort	National avg.	Difference
Gasoline	$2.22	$2.24	0.9%
Tire Balancing	$56.97	$46.29	23.1%

Utilities

Item	Lely Resort	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.
Goodland, FL	260	97	-3%
Naples Manor, FL	5,839	89	-11%
Golden Gate, FL	28,928	95	-5%
Lely, FL	3,788	107	7%
Naples Park, FL	6,416	109	9%
Lely Resort, FL	4,874	132	32%

Cities with similar population

City, State	Population	Cost of Living Index	National Avg.
Porter, IN	4,873	108	8%
West Sayville, NY	4,875	138	38%
Colona, IL	4,876	89	-11%
Grayson Valley, AL	4,872	87	-13%
Whiting, IN	4,870	98	-2%
Lely Resort, FL	4,874	132	32%

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

Lely Resort, FL Cost of Living