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
One of the things that humanity aspires to is open spaces and outdoor recreation opportunities, a place where families can enjoy natural beauty in its most raw form. The open space ...
Millennials – also known as Generation Y, because they come after the so-called Generation X - is a term coined for a generational extract of people born at the end of the first ...
Part of the premiums and interest that have not been returned to the annuitant before his death. ...
Arrears is a legal and financial term used to describe payments in regards to their due dates. While the term is more often used to refer to a contractual obligation or liability that was ...
Structure not directly belonging to a property but considered a part of it through the use of an easement of common consent. ...
The common law right of a landowner whose land borders a river or stream to use and enjoy that water. ...
That’s the name of the study a Real Estate Broker presents to home sellers when trying to turn them into clients. In it, by making a comparison with the available houses in the market ...
An opening that lets the outside air come in or out of a structure. A ventilation fan lets the structure have access to outside air when the switch is in open position. ...
Power of attorney giving permission for a lawyer to represent a client. ...
Have a question or comment?
We're here to help.