Cost of living in Naples research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Naples is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Florida, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Naples is 172, with 100 being the average.
The cost of living index in Naples is 1.7x higher than the national average.
Naples ranks as the #455 cheapest in Florida out of 459.
Naples ranks as the #6,149 cheapest out of 6,412 in the US.
The median home value in Naples is $1,035,900.
The median income in Naples is $125,306.
According to the most recent data on the cost of living, Naples has an overall cost of living index of 172, which is 1.7x higher than the national index of 100.
Compared to Florida, Naples has a cost of living index that's 1.7x higher than Florida's index of 101.
The standard of living in Naples ranks as #455 most affordable out of the 459 places we measured in Florida. By definition, that implies Naples ranks as the #4 most expensive place in the Sunshine State.
For more reading on life in Naples, check out:
Six factors go into calculating the cost of living index in Naples. Here is how it fairs on each of the criteria:
The Services index in Naples is 108.
The Groceries index in Naples is 99.
The Health index in Naples is 108.
The Housing index in Naples is 331.
The Transportation index in Naples is 113.
The Utilities index in Naples is 98.
|Living Expense||Naples||Florida||National Average|
Housing swings affordability the most between places in Florida, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Naples is $1,035,900.
The Median Rent in Naples is $1,382.
The Median Income in Naples is $125,306.
The Home Value To Income in Naples is 8.3x.
The Rent To Monthly Income in Naples is 0.13x.
|Median Home Value||$1,035,900||$248,700||$244,900|
|Home Value To Income||8.3x||4.0x||3.5x|
|Rent To Monthly Income||0.13x||0.25x||0.2x|
The cost of living varies in the cities and towns around Naples. Here's a quick look at the cost of living in the most populous nearby places:
Cape Coral, FL has a cost of living index of 105, 0.6x Naples.
Bonita Springs, FL has a cost of living index of 113, 0.7x Naples.
North Fort Myers, FL has a cost of living index of 87, 0.5x Naples.
|City||Population||Cost Of Living||Vs. Naples|
|Cape Coral, FL||193,003||105||0.6x|
|Bonita Springs, FL||53,017||113||0.7x|
|North Fort Myers, FL||41,551||87||0.5x|
|Golden Gate, FL||29,271||99||0.6x|
|San Carlos Park, FL||18,590||99||0.6x|
|Marco Island, FL||15,929||142||0.8x|
|Cypress Lake, FL||12,334||97||0.6x|
|Lely Resort, FL||7,058||138||0.8x|