Is It Expensive To Live In Naples Florida?
Definition of "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
The definition of the Environmental Protection Agency can be explained by what the agency does. This independent executive agency works for the United States federal government and is ...
The Real Estate Settlement Procedure Act (RESPA) is a piece of law passed by the US Congress in 1974 to protect homebuyers and home sellers against bad settlement practices. The Real ...
Kind of siding for wood frame houses where the joints in the usually vertical siding are covered by narrow strips of wood called battens. The battens are nailed over the joints. ...
When a mortgage loan is provided to a borrower, the lender establishes a fund called a tax and insurance escrow to accumulate the debtor's monthly payments for property taxes and insurance ...
Legal order for a person to present at a deposition or trial documents in his possession, such as related to a real estate transaction. ...
The smallest lot area required for building under the municipal zoning code. For example, a municipal zoning code requires all building lots to have a minimum lot area of 1/4 of an acre in ...
Heating system hidden behind special panels, the walls, or the ceiling. Can use electric heating elements, hot air, or hot water pipes. ...
The definition of low-income housing is any house that is either rented or owned by an individual or family that has a monthly household income that does not exceed a certain percentage of ...
The slope of surface inclination normally expressed as a percentage. The gradient is determined by dividing the surface change by the length of the surface ...
Have a question or comment?
We're here to help.