Housing costs in Marco Island?
A typical home costs
$911,400, which is 169.6% more expensive than the national average of
$338,100 and 151.5% more expensive than the average Florida home, at
$362,400. Renting a two-bedroom unit in Marco Island costs
$2,230 per month, which is 55.9% more than the national average of
$1,430 and 30.0% more than the state average of
$1,560.
Can I afford Marco Island?
To live comfortably in Marco Island, Florida, a minimum annual income of
$174,600 for a family, and
$72,800 for a single person is recommended.
What does A.I. say about Marco Island?
The cost of living in Marco Island, FL is higher than the national average due to its location on the coastline. Housing costs are particularly high in Marco Island due to a limited number of properties available, and they are further inflated by the presence of more affluent residents from nearby cities. Food prices are also much higher than average due to the area’s tourism industry. On top of this, taxes can be quite costly because property taxes are among the highest in Florida. Despite higher-than-average costs for basic items, most people who live on Marco Island enjoy a good quality of life that comes with living near the beach in a beautiful location.