Housing costs in Cape Coral-Fort Myers?
A typical home costs
$380,000, which is 12.4% more expensive than the national average of
$338,100 and 4.9% more expensive than the average Florida home, at
$362,400. Renting a two-bedroom unit in Cape Coral-Fort Myers costs
$1,450 per month, which is 1.4% more than the national average of
$1,430 and 7.6% cheaper than the state average of
$1,560.
Can I afford Cape Coral-Fort Myers?
To live comfortably in Cape Coral-Fort Myers Flor Metro Area, Florida, a minimum annual income of
$72,720 for a family, and
$45,600 for a single person is recommended.
What does A.I. say about Cape Coral-Fort Myers?
The cost of living in the Cape Coral-Fort Myers, FL Metro Area is higher than the US average. According to data from the US Bureau of Labor Statistics, the cost of living index for this area is 104.7, which is 4.7 points higher than the national average of 100. Along with this higher cost of living comes a house median value that is significantly higher than the national average of $338,100; it stands at $380,000. This means that families who live in this area are paying more for their living expenses and housing costs compared to other parts of the country.