Fort Myers, FL

Average · 104

Florida · Population 91,730 · Updated March 2026

$1,442
Median Rent / Month
$62,160
Median Income
$351,600
Median Home Value
$1,378
Owner Costs / Month

Affordability

How far your income goes in Fort Myers

27.8%
Rent-to-Income Ratio
Moderate
Rent takes 25-35% of median income — moderate affordability.

Tax Burden in Florida

State-level tax rates that affect your costs

0%
Income Tax (Top Rate)
6.0%
Sales Tax
0.86%
Property Tax Rate

Estimated Annual Costs

$17,304
Annual Rent
$0
State Income Tax
$3,024
Property Tax (est.)

Cost of Living Overview

Fort Myers has a cost of living close to the national average, offering a balanced mix of expenses and amenities. With a cost index of 104 (where 100 equals the national median), Fort Myers residents can expect to pay median rent of $1,442/month while earning a median household income of $62,160/year.

The median home value in Fort Myers, FL is $351,600, with typical monthly owner costs around $1,378 including mortgage, insurance, and taxes. With a rent-to-income ratio of 27.8%, Fort Myers falls within the generally affordable range, though it's approaching the 30% burden threshold.

Florida has no state income tax, which can represent significant savings compared to high-tax states. Combined with a 6.0% sales tax rate and 0.86% effective property tax rate, the overall tax environment helps keep costs manageable in Fort Myers.

Frequently Asked Questions

Common questions about living costs in Fort Myers

What is the cost of living in Fort Myers, FL?
The cost of living index in Fort Myers, FL is 104 (US average = 100). Median monthly rent is $1,442, median household income is $62,160/year, and the median home value is $351,600.
Is Fort Myers, FL affordable?
No, Fort Myers is more expensive than the national average with a cost index of 104. The rent-to-income ratio is 27.8%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Fort Myers, FL?
The median gross rent in Fort Myers, FL is $1,442 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $17,304.
What is the median household income in Fort Myers?
The median household income in Fort Myers, FL is $62,160 per year. This compares to the national median of approximately $80,000.
What are the taxes like in Florida?
Florida has a top income tax rate of 0%, a sales tax of 6.0%, and an effective property tax rate of 0.86%. Notably, there is no state income tax.