Cost of Living in Marco Island, FL

Population 15,998 · Florida · Data vintage 2023

230
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Housing in Marco Island sits 184% above the national median — $866,000 for the typical home — but median household incomes near $104,105 (40% above the US figure) soften the blow that similar pricing creates in lower-wage metros.

Marco Island is about 45 miles south of Lehigh Acres, the nearest large metro — close enough that regional housing and labor patterns are shaped largely by the larger market. Median home values run roughly 229% higher than Lehigh Acres' $263,000.

Cost Overview

Housing 284
Rent 149

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

About the Cost of Living in Marco Island

The median home value in Marco Island is $866,200 — 184% above the national median of $305,000. Median rent runs $1,955/month, 49% higher than the national median of $1,314/month. The median household income of $104,105/year is 40% higher than the US median of $74,580. The local unemployment rate is 4.2%, below the national average of 4.8%. Florida charges no state income tax, a meaningful advantage for take-home pay. The climate averages highs of 84.1°F and lows of 67.0°F. Overall, Marco Island has a cost of living index of 230 versus the US average of 100, meaning it is 130% more expensive.

🏠 Housing

Median Home Value
$866,200
184% above avg
Zillow Home Value
$859,459
Zillow ZHVI
Median Rent
$1,955/mo
49% above avg
Zillow Rent
$4,740/mo
Zillow ZORI
Price-to-Rent Ratio
36.9x
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
$1,955
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $2,569/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
23.5 min
13% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
31.7%

Commute Mode

Drove alone
55.5%
Carpooled
6.0%
Public transit
0.5%
Walked
2.5%
Bicycle
1.5%
Work from home
31.7%

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
$104,105
40% above avg
Per Capita Income
$97,179
Unemployment Rate
4.2%
13% below avg
Poverty Rate
6.3%
Labor Force Participation
31.1%

🎓 Education

Bachelor's degree+ 25.8%
Graduate degree 22.1%

👥 Demographics

Median Age 67.7
Male median age 68
Female median age 66.8

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High
84.1°F
Avg Low
67.0°F
Annual Precip
49.5"
Annual Snowfall
0"
50° 63° 75° 88° 100° JFMAMJJASOND High Low Precip
Month JanFebMarAprMayJunJulAugSepOctNovDec
High °F 757780848890919190878177
Low °F 565861667074767675716359
Precip" 1.681.401.882.522.767.417.778.898.603.931.391.32

💨 Air Quality

EPA AQS 2023 — county-level monitoring data

Median AQI 43 — Good
71.9%
Good air days/yr
144
Max AQI recorded
259
PM2.5 days
101
Ozone days

Frequently Asked Questions

What is the cost of living in Marco Island, FL?

Marco Island has a cost index of 230 (100 = national average). It is 130% above the national average.

What is average rent in Marco Island, FL?

The median gross rent in Marco Island is $1,955 per month based on 2023 Census data.

What is the average home price in Marco Island?

The median home value in Marco Island is $866,200 according to Zillow and Census data.

What is the median income in Marco Island?

The median household income in Marco Island is $104,105 per year (2023 ACS 5-year estimates).

What is the sales tax in Marco Island, FL?

The combined state and local sales tax rate in Marco Island is 7.0%. Florida has no state income tax.

Is Marco Island, FL affordable?

Marco Island is above average in cost of living, with an index of 230 — about 130% higher than the national average.

What is the weather like in Marco Island?

Marco Island has average high temperatures of 84.1°F and average lows of 67.0°F. Annual precipitation is 49.5". Data from NOAA 1991–2020 Climate Normals.

Marco Island at a Glance

Population
15,998
Median Income
$104,105
Home Value
$866,200
Median Rent
$1,955/mo
Unemployment
4.2%
Avg High Temp
84.1°F
Sales Tax
7.0%
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