Cost of Living in North Fort Myers, FL

Population 44,189 · Florida · Data vintage 2023

62
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

With a median age of 64, North Fort Myers functions largely as a retirement market. Housing costs — $138,000 for a typical home — anchor most household budgets, and the state's treatment of pension income tends to matter more than wage-driven tax comparisons.

North Fort Myers sits roughly 11 miles northeast of Cape Coral — close enough that regional housing and labor patterns are shaped largely by the larger market. Median home values run roughly 59% lower than Cape Coral's $339,000.

Cost Overview

Housing 45
Rent 88

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

About the Cost of Living in North Fort Myers

The median home value in North Fort Myers is $137,700 — 55% below the national median of $305,000. Median rent runs $1,155/month, 12% lower than the national median of $1,314/month. The median household income of $55,696/year is 25% lower 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, North Fort Myers has a cost of living index of 62 versus the US average of 100, meaning it is 38% less expensive.

🏠 Housing

Median Home Value
$137,700
55% below avg
Zillow Home Value
$264,902
Zillow ZHVI
Median Rent
$1,155/mo
12% below avg
Zillow Rent
$1,735/mo
Zillow ZORI
Price-to-Rent Ratio
9.9x
Favors buying
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 85.8%
Renter-occupied 14.2%

💰 Estimated Monthly Budget

Rent median rent
$1,155
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,769/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
28.4 min
5% above avg
Gas Price
$3.145/gal
0% below avg
Work From Home
11.6%

Commute Mode

Drove alone
74.5%
Carpooled
7.9%
Public transit
0.1%
Walked
2.3%
Bicycle
1.4%
Work from home
11.6%

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
$55,696
25% below avg
Per Capita Income
$36,868
Unemployment Rate
3.6%
25% below avg
Poverty Rate
14.7%
Labor Force Participation
39.8%

🎓 Education

Bachelor's degree+ 12.0%
Graduate degree 8.7%

👥 Demographics

Median Age 63.7
Male median age 63
Female median age 64.3

💨 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 North Fort Myers, FL?

North Fort Myers has a cost index of 62 (100 = national average). It is 38% below the national average.

What is average rent in North Fort Myers, FL?

The median gross rent in North Fort Myers is $1,155 per month based on 2023 Census data.

What is the average home price in North Fort Myers?

The median home value in North Fort Myers is $137,700 according to Zillow and Census data.

What is the median income in North Fort Myers?

The median household income in North Fort Myers is $55,696 per year (2023 ACS 5-year estimates).

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

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

Is North Fort Myers, FL affordable?

Yes, North Fort Myers is generally considered affordable, with a cost of living index of 62 — about 38% below the US national average of 100.

North Fort Myers at a Glance

Population
44,189
Median Income
$55,696
Home Value
$137,700
Median Rent
$1,155/mo
Unemployment
3.6%
Sales Tax
7.0%
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Explore county-level cost of living data

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