North Fort Myers 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.
IndexNorth Fort MyersFloridaNational
Cost of living index8499100
IndexNorth Fort MyersFloridaNational
Goods & Services index9499100
Groceries index108105100
Health care index10498100
Housing index5296100
Transportation index107100100
Utilities index84103100
Displayed above is a general overview of the North Fort Myers, FL cost of living index. The overall cost of living index in North Fort Myers, FL is 84, which is 16% lower than the Florida average and 16% lower 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 North Fort Myers, FL are 5% lower than the Florida average and 6% lower than the national average.
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Did you know?

  • The cost of living in North Fort Myers is 16% lower than the Florida average.
  • The cost of living in North Fort Myers is 16% lower than the national average.
  • The cost of housing in North Fort Myers is 48% lower 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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Compare North Fort Myers, FL Cost of living To Other Cities

Salary Calculator

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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 North Fort Myers, 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 North Fort Myers, FL, the calculator will tell you how much more you need to earn so you can assess job offers more accurately. The North Fort Myers, 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 IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$43,562$3,630$1,016$1,307
Renters$27,184$2,265$634$816
How much of your monthly income goes to housing can tell you whether or not you can afford housing in North Fort Myers, 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 North Fort Myers, FL homeowners have a median income of $43,562. Using that number, you will come up with a maximum of $1,016 per month that can be spent on the cost of housing. For those who are renting instead of owning, the median income is $27,184, which means there is a maximum of $634 to be spent on the costs of renting a home or apartment.

Florida Sales Tax

StateGeneral Sales TaxWith Max Surtax
Florida6%7.5%

Florida Income Tax

StateIncome Tax (Low)Income Tax (High)
Florida0%0%
For those who live in North Fort Myers, 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

ItemNorth Fort MyersNational avg.Difference
Haircut $18.00$16.0911.9%
Beauty Salon $22.67$37.3339.3%
Toothpaste $3.74$2.4552.7%
Shampoo $0.98$1.001.7%
Movie $7.26$10.2829.4%
Bowling $4.79$4.932.8%

Groceries

ItemNorth Fort MyersNational avg.Difference
Ground Beef $4.61$3.8021.2%
Fried Chicken $1.65$1.4018.4%
Milk $2.52$2.0125.5%
Potatoes $3.30$3.019.6%
Pizza $10.01$9.891.3%
Beer $9.25$8.904.0%

Health Care

ItemNorth Fort MyersNational avg.Difference
Optometrist $70.67$102.1630.8%
Doctor $113.75$108.365.0%
Dentist $98.87$92.536.9%
Ibuprofen $10.97$9.2818.2%
Lipitor $432.83$425.821.6%

Housing

ItemNorth Fort MyersNational avg.Difference
Home Price $71,800.00$184,700.0061.1%
Avg. Mortgage Payment $1,056.44$1,202.4412.1%
Apartment Rent $774.00$949.0018.4%

Transportation

ItemNorth Fort MyersNational avg.Difference
Gasoline $2.22$2.240.9%
Tire Balancing $56.97$46.2923.1%

Utilities

ItemNorth Fort MyersNational avg.Difference
All Electricity$158.92$165.964.2%
Phone $20.01$28.6830.2%
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, StatePopulationCost of Living IndexNational Avg.
Pine Manor, FL5,17579-21%
Suncoast Estates, FL4,48580-20%
Tice, FL4,66181-19%
Harlem Heights, FL1,29185-15%
Page Park, FL47386-14%
North Fort Myers, FL40,64284-16%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Coppell, TX40,63111818%
Ormond Beach, FL40,68697-3%
Quincy, IL40,68982-18%
Goose Creek, SC40,5531055%
Streamwood, IL40,55211212%
North Fort Myers, FL40,64284-16%
Source: The North Fort Myers, FL cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2017.