Is It Expensive To Live In Naples Florida?
When you live by the Gulf of Mexico, with white sandy beaches all around and the lovely breeze tickling your ankles as you see some of the most amazing sunsets in the world, are you really losing sleep over the affordability of it all? Well, in case you are, we are here to try to answer your question.
Cost of Living in Naples, Florida
When you look at the cost of living in any city, you should always consider the type of lifestyle promoted in that city. From a city like Naples, Florida, a city known for its country club demographic and its high concentration of millionaires, the cost of living might be on the expensive side for the average US citizen. However, before you erase Naples off your list, think of what the city is offering you.
The coastal haven of the Gulf of Mexico, the 264 sunny days on average every year, the temperature variation between 56°F and 89°F, and the laid-back atmosphere are some of the reasons why the city of Naples, Florida is such a popular beach town. Retirees and snowbirds flock here because of those reasons and many others as Naples, FL is an excellent place for retirees to live.
Going back to the cost of living, based on BestPlaces’s report, it appears that Naples, FL has an overall living expense that is 12% higher than the national average. The most significant influencer of this gap, it’s important to note, is the housing cost which is 40% higher than the national average. Groceries are also 17% more expensive in Naples than in the US, but healthcare is only by 1% more expensive. However, regarding healthcare, Naples offers some of the best care as 52.5% of its residents are seniors.
Knowing what your expenses will be is essential, but taking a look at the median household income, we can see that Naples, FL really does have a high percentage of millionaires. Around 25% of the population makes over $200,000, while the median per capita income is almost three times higher than the national average at $91,000. So, if you want more information about the affordability and accessibility of living in this city, contact real estate agents in Naples FL, to answer your particular situation based on your income.
Popular Real Estate Questions
Popular Real Estate Glossary Terms
See concrete block. ...
Multiple Listing is the kind of Listing that is registered by a broker or a real estate agent at the Multiple Listing System (MLS). If a house is directly sold by an owner – the ...
Roof constructed on a storage tank designed to expand and contract directly with the level of stored materials (usually liquid). Its design prevents the loss through vaporization of the ...
A right or interest in property held by a third party, which often limits the use and diminishes the value of the property, but usually does not prevent the transferring of title. The more ...
Penalty charge in order to cure a previous wrong. ...
Person, such as the beneficiary of a deed, asking that he be informed if the property is foreclosed by someone else. ...
Provisions of credit that apply when a loan is paid. ...
It is intended to stimulate private investment in distressed cities and urban counties by providing federal "seed money' to attract private funds for such projects as industrial parks and ...
Underwriting is a term often used with financial connotation. It is a process that helps individuals or institutions to determine if it’s worth taking a financial risk in a particular ...
Have a question or comment?
We're here to help.