Fort Myers Is The Second Cheapest City in Florida To Live
Inflation across Florida is stretching us all thin. From rent to groceries, everything is a lot more expensive than it was. But a new study shows that those of us in Fort Myers have it a lot easier than other places across the state. The brand-new index study released by FloridaRentals.com reveals the cheapest and most expensive cities to live in Florida. By there accounts Fort Myers is pretty cheap. We’re only behind Hollywood, which they have as the cheapest city in Florida. Cape Coral is all the way back in number 11.
The research reveals Hollywood is the cheapest. They barely edged out Fort Myers in achieving an index score of 61.29 out of 100.
The study delves into Numbeo cost of living data, highlighting the cost of several factors. These include eggs and bread, to gym memberships, taxi costs and internet bills. All 29 cities in Florida were ranked against 8 determining factors to receive a score out of 100.
Cheapest city in Florida rankings are based on cost-of-living factors including accommodation, leisure, groceries, clothing, transport and utilities and bills.
These factors were weighted against the average annual personal income in each city to create an index of the cheapest cities to live in Florida. So although Cape Coral has a similar income to Fort Myers, other factors such as rent make Fort Myers a cheaper option.
In second is Fort Myers, with an index score of 60.19 out of 100. Fort Myers’ scored highest for utilities and bills and clothing. In Fort Myers, the average monthly cost of basic utilities for an 300 foot-squared apartment is $129.28. (that’s an apartment about the size of a garage). A 2,000 sq foot house has an FPL bill of around $300 this month. The average cost price of a summer dress in a high street retailer is $25.
The most expensive Florida city is Tampa, with a low score of 36.07 out of 100, the most expensive metrics are leisure and transportation. In Tampa, the average cost of a one-bedroom apartment in the city center is $2,091.89, whilst the renting of a tennis court for one hour at the weekend costs around $20.99.
Reports state Fort Myers is the warmest city in Florida, closely followed by Miami. However, despite the need for air conditioning, interestingly Fort Myers still has an inexpensive utilities and bills score of 81.11 out of 100. Tampa is the most expensive city in the index, with the annual personal income per capita at $58,315, leisure, transport and accommodation are the costliest amenities across the city.”
Finally, Cheapest City in Florida rankings are based on:
Cost-of-living factors including accommodation, leisure, groceries, clothing, transport and utilities & bills. These factors were weighted against the average annual personal income per capita to create an index of the cheapest cities to live in Florida.
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