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Cost of Living in Fort Myers, FL

Population 95,051 · Census ACS 2020–2024 5-year estimates

Median rent$1,580
Median home value$384,500
Median household income$63,732

The median rent in Fort Myers, FL is $1,580/month, 5% lower than the Florida median and 12% higher than the U.S. median. The median home value is $384,500, 16% higher than the national median. Households earn a median of $63,732 a year, 15% lower than the state median.

Affordability

Rent as a share of median income: 29.7%
Income needed for median rent (30% rule): $63,200/yr
Home price-to-income ratio: 6.0×
Est. mortgage on the median home (20% down, 6.5% for 30 yrs, principal + interest): $1,944/mo

Run your own numbers: mortgage calculator · hourly to salary

Fort Myers vs. Florida vs. U.S.

Fort MyersFloridaU.S.
Median rent$1,580$1,669$1,413
Median home value$384,500$359,000$332,700
Median household income$63,732$74,568$80,734
Homeownership rate49.1%67.6%65.2%
Bachelor's degree or higher32.0%34.1%35.7%
Poverty rate16.3%12.6%12.5%
Unemployment rate4.2%4.8%5.2%
Work from home13.8%15.7%15.1%
Median age41.342.638.9

FAQ

What is the average rent in Fort Myers, FL?

The median gross rent in Fort Myers, FL is $1,580 per month (ACS 2020–2024 5-year estimate).

How much do I need to earn to live in Fort Myers, FL?

Using the common 30% rule, renting a median-priced home takes about $63,200 a year in gross income.

Is Fort Myers, FL expensive to live in?

Rent there is 12% higher than the U.S. median, and the median home costs about 6.0 times the median household income.

Other cities in Florida

Jacksonville, FLRent $1,465 · Income $69,872Miami, FLRent $1,758 · Income $62,462Tampa, FLRent $1,701 · Income $75,475Orlando, FLRent $1,747 · Income $72,336St. Petersburg, FLRent $1,663 · Income $75,192Port St. Lucie, FLRent $1,937 · Income $80,648

Cities with a similar cost of living

Willowbrook, CARent $1,570 · Income $62,582Stonecrest, GARent $1,601 · Income $64,591Redan, GARent $1,566 · Income $65,227Union City, NJRent $1,537 · Income $64,310Bell, CARent $1,575 · Income $61,020Bellingham, WARent $1,577 · Income $66,755

Source: U.S. Census Bureau, American Community Survey 5-year estimates. Estimates have margins of error, especially for smaller places. This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

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