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
Document issued by a governmental agency permitting the recipient to do something. An example is a building permit to construct a structure. ...
Shingles having uniform length, but random width. Random shingles give a creative appearance to a roof. ...
Buyer who is acting in good faith, is not aware of any outstanding claims or rights of others to the property, and has given valuable consideration as part of the business transaction. ...
An agreement by which the owner of property (the lender) and a borrower agree to let the borrower use the property for a particular time period and in return the borrower will pay the ...
A lender can be a private individual, a private or public group, or an institution that loans funds to a person or business that the lendee would later repay with interest in most cases. In ...
Generally speaking, indemnity defines a legal principle and an ensuing agreement to calculate the amount of compensation a party is entitled to resulting from a specific financial loss they ...
Total expenditure to modernize a building to meet the owner's or tenant's needs. ...
The right to deviate from the use of land prescribed by an existing zoning ordinance. ...
The definition of the term right of way is an easement or the right of another person to pass over land owned by someone else to reach a particular destination. An individual is typically ...
Have a question or comment?
We're here to help.