Cost of Living in McGregor, FL

Population 8,198 · Florida · Data vintage 2023

128
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

McGregor skews considerably older than the national median, with an average age of 59. Reported household income of $88,578 often reflects pension and investment income rather than wages, which makes the local tax picture — especially property tax treatment — a larger factor than in working-age cities.

McGregor sits roughly 8 miles southeast of Cape Coral — close enough that regional housing and labor patterns are shaped largely by the larger market. Median home values run roughly 22% higher than Cape Coral's $339,000.

Cost Overview

Housing 135
Rent 118

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

About the Cost of Living in McGregor

The median home value in McGregor is $413,000 — 35% above the national median of $305,000. Median rent runs $1,544/month, 18% higher than the national median of $1,314/month. The median household income of $88,578/year is 19% 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. The climate averages highs of 84.9°F and lows of 65.8°F. Overall, McGregor has a cost of living index of 128 versus the US average of 100, meaning it is 28% more expensive.

🏠 Housing

Median Home Value
$413,000
35% above avg
Median Rent
$1,544/mo
18% above avg
Price-to-Rent Ratio
22.3x
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 75.6%
Renter-occupied 24.4%

💰 Estimated Monthly Budget

Rent median rent
$1,544
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $2,158/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
25.5 min
6% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
18.6%

Commute Mode

Drove alone
75.7%
Carpooled
5.1%
Work from home
18.6%

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
$88,578
19% above avg
Per Capita Income
$68,260
Unemployment Rate
3.6%
24% below avg
Poverty Rate
4.6%
Labor Force Participation
52.1%

🎓 Education

Bachelor's degree+ 24.7%
Graduate degree 25.6%

👥 Demographics

Median Age 58.8
Male median age 61.5
Female median age 55.5

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High
84.9°F
Avg Low
65.8°F
Annual Precip
57.4"
50° 63° 75° 88° 100° JFMAMJJASOND High Low Precip
Month JanFebMarAprMayJunJulAugSepOctNovDec
High °F 757881859091929290878177
Low °F 545760646974757574696257
Precip" 2.431.782.072.443.469.669.3810.439.003.081.781.90

💨 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 McGregor, FL?

McGregor has a cost index of 128 (100 = national average). It is 28% above the national average.

What is average rent in McGregor, FL?

The median gross rent in McGregor is $1,544 per month based on 2023 Census data.

What is the average home price in McGregor?

The median home value in McGregor is $413,000 according to 2023 Census ACS data.

What is the median income in McGregor?

The median household income in McGregor is $88,578 per year (2023 ACS 5-year estimates).

What is the sales tax in McGregor, FL?

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

Is McGregor, FL affordable?

McGregor is above average in cost of living, with an index of 128 — about 28% higher than the national average.

What is the weather like in McGregor?

McGregor has average high temperatures of 84.9°F and average lows of 65.8°F. Annual precipitation is 57.4". Data from NOAA 1991–2020 Climate Normals.

McGregor at a Glance

Population
8,198
Median Income
$88,578
Home Value
$413,000
Median Rent
$1,544/mo
Unemployment
3.6%
Avg High Temp
84.9°F
Sales Tax
7.0%
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Explore county-level cost of living data

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