Cost of Living in Fort Myers Beach, FL

Population 5,548 · Florida · Data vintage 2023

172
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Housing in Fort Myers Beach sits 101% above the national median — $612,000 for the typical home — but median household incomes near $90,833 (22% above the US figure) soften the blow that similar pricing creates in lower-wage metros.

Geographically, Fort Myers Beach sits roughly 15 miles south of Cape Coral. Median home values run roughly 80% higher than Cape Coral's $339,000.

Cost Overview

Housing 201
Rent 129

Scale: 100 = US national average. Green < 90, Red > 110.

About the Cost of Living in Fort Myers Beach

The median home value in Fort Myers Beach is $611,600 — 101% above the national median of $305,000. Median rent runs $1,693/month, 29% higher than the national median of $1,314/month. The median household income of $90,833/year is 22% higher than the US median of $74,580. The local unemployment rate is 3.6%, below the national average of 4.8%. Florida charges no state income tax, a meaningful advantage for take-home pay. Overall, Fort Myers Beach has a cost of living index of 172 versus the US average of 100, meaning it is 72% more expensive.

🏠 Housing

Median Home Value
$611,600
101% above avg
Zillow Home Value
$1,185,292
Zillow ZHVI
Median Rent
$1,693/mo
29% above avg
Price-to-Rent Ratio
30.1x
Favors renting
Property Tax Rate
0.9%
Effective rate

HUD Fair Market Rents by Bedroom

Studio
$1,085
1 BR
$1,181
2 BR
$1,427
3 BR
$1,797
4 BR
$2,099
Owner-occupied 89.9%
Renter-occupied 10.1%

💰 Estimated Monthly Budget

Rent median rent
$1,693
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $2,307/mo

Estimates based on median data and national averages. Actual costs vary.

🛒 Food & Groceries

National BLS average prices (2023). Local prices may vary.

🥚
Eggs (dozen)
$0.548
🍞
White Bread (lb)
$1.912
🥩
Ground Beef (lb)
$5.61

🚗 Transportation

Avg Commute
23.3 min
14% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
19.0%

Commute Mode

Drove alone
63.7%
Carpooled
4.3%
Walked
3.6%
Bicycle
6.1%
Work from home
19.0%

Utilities

Electricity
$0.176/kWh
0% below avg

📋 Taxes

State Income Tax (flat) None
Total Sales Tax 7.0%
State rate 6.0%
Avg local rate 1.1%
Property Tax 0.9%

💼 Income & Employment

Median Household Income
$90,833
22% above avg
Per Capita Income
$78,997
Unemployment Rate
3.6%
26% below avg
Poverty Rate
7.5%
Labor Force Participation
35.2%

🎓 Education

Bachelor's degree+ 24.3%
Graduate degree 20.8%

👥 Demographics

Median Age 66.5
Male median age 67.6
Female median age 65.9

💨 Air Quality

EPA AQS 2023 — county-level monitoring data

Median AQI 35 — Good
94.5%
Good air days/yr
101
Max AQI recorded
0
PM2.5 days
363
Ozone days

Frequently Asked Questions

What is the cost of living in Fort Myers Beach, FL?

Fort Myers Beach has a cost index of 172 (100 = national average). It is 72% above the national average.

What is average rent in Fort Myers Beach, FL?

The median gross rent in Fort Myers Beach is $1,693 per month based on 2023 Census data.

What is the average home price in Fort Myers Beach?

The median home value in Fort Myers Beach is $611,600 according to Zillow and Census data.

What is the median income in Fort Myers Beach?

The median household income in Fort Myers Beach is $90,833 per year (2023 ACS 5-year estimates).

What is the sales tax in Fort Myers Beach, FL?

The combined state and local sales tax rate in Fort Myers Beach is 7.0%. Florida has no state income tax.

Is Fort Myers Beach, FL affordable?

Fort Myers Beach is above average in cost of living, with an index of 172 — about 72% higher than the national average.

Fort Myers Beach at a Glance

Population
5,548
Median Income
$90,833
Home Value
$611,600
Median Rent
$1,693/mo
Unemployment
3.6%
Sales Tax
7.0%
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Explore county-level cost of living data

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