Cost of Living in Fort Myers, FL
Updated November 2026 · Lee County · Cape Coral-Fort Myers, FL metro area · population 95,051
Prices in Fort Myers are 0.8% above the US average (local index 100.8; the BEA index for the Cape Coral-Fort Myers, FL metro area is 102.3), with local housing the biggest cost driver at 114.5; a single adult's modelled budget is about $2,924 a month and the median rent is $1,580.
Prices by category
CostLiving local estimate. 100 = US average; 110 means prices are 10% higher. Housing reflects Fort Myers's own median rent compared with the area's average rent; goods, utilities and other services are BEA's official price parities for the Cape Coral-Fort Myers, FL metro area, unchanged.
Fort Myers price index by category, US average = 100: All items 100.8, Housing (rents) 114.5, Goods 96.2, Utilities 86.9, Other services 98.9
It is the 63rd most expensive of the 81 Florida cities in our data. Cheaper than 57% of the cities we cover.
| BEA index | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|
| All items | 97.8 | 98.1 | 99.9 | 101.8 | 103.1 | 102.3 |
Monthly budget by household type
1 adult · 1-bedroom · modelled estimate for Fort Myers, FL
| Category | Per month | Per year | Share |
|---|---|---|---|
| Housing (rent) | $1,270 | $15,240 | 43% |
| Utilities | $253 | $3,036 | 9% |
| Food at home | $271 | $3,252 | 9% |
| Transportation | $620 | $7,440 | 21% |
| Health care | $348 | $4,176 | 12% |
| Clothing, personal care & supplies | $162 | $1,944 | 6% |
| Total | $2,924 | $35,088 | 100% |
2 adults · 2-bedroom · modelled estimate for Fort Myers, FL
| Category | Per month | Per year | Share |
|---|---|---|---|
| Housing (rent) | $1,471 | $17,652 | 32% |
| Utilities | $400 | $4,800 | 9% |
| Food at home | $501 | $6,012 | 11% |
| Transportation | $1,228 | $14,736 | 27% |
| Health care | $644 | $7,728 | 14% |
| Clothing, personal care & supplies | $319 | $3,828 | 7% |
| Total | $4,563 | $54,756 | 100% |
2 adults + 2 children · 3-bedroom · modelled estimate for Fort Myers, FL
| Category | Per month | Per year | Share |
|---|---|---|---|
| Housing (rent) | $1,653 | $19,836 | 30% |
| Utilities | $487 | $5,844 | 9% |
| Food at home | $715 | $8,580 | 13% |
| Transportation | $1,630 | $19,560 | 30% |
| Health care | $600 | $7,200 | 11% |
| Clothing, personal care & supplies | $411 | $4,932 | 7% |
| Total | $5,496 | $65,952 | 100% |
Modelled estimate of basic costs, excluding taxes, child care and savings. Housing is rent excluding tenant-paid utilities (counted under utilities). See how the budget is calculated.
Housing costs in Fort Myers
Rent by number of bedrooms
| Size | Median rent |
|---|---|
| Studio | $1,568 |
| 1 bedroom | $1,397 |
| 2 bedrooms | $1,618 |
| 3 bedrooms | $1,819 |
| 4 bedrooms | $1,546 |
Median rent: Census ACS 2020-2024 median gross rent by bedrooms (rent plus tenant-paid utilities, all renters).
Rent, home values and affordability
| Measure | Value |
|---|---|
| Median gross rent | $1,580 |
| Median contract rent (excl. utilities) | $1,436 |
| Median home value | $384,500 |
| Owner costs with a mortgage | $2,160/mo |
| Median household income | $63,732 |
| Rent as % of renter income Very expensive | 36.9% |
| Home value ÷ household income Expensive | 6.0× |
Census ACS 5-year 2020-2024.
Electricity and gas prices
Residential electricity in Florida
14.99¢ per kWh, August 2026
12-month change: −2.2% (from 15.33¢) · US 18.16¢
Average household uses 1,097 kWh a month in Florida ≈ $169/month. Source: EIA-861M (statewide average).
Regular gasoline
$3.79 per gallon, week of 2026-11-02
12-month change: +30.3% (from $2.91) · US $4.15
EIA weekly retail price survey.
Inflation in the South
Consumer prices in the South Census region rose +3.4% in the 12 months to September 2026 (US +3.7%). Nationally, food at home changed +1.8%, shelter +3.2% and energy +20.4%. Source: BLS CPI-U, not seasonally adjusted. CPI is published for regions and large metro areas, so the regional figure is shown.
Salary equivalent
Because prices in Fort Myers are 0.8% above the US average, $60,000 here has the buying power of about $59,500 in an average-priced US area.
Formula: US-equivalent = salary × 100 ÷ 100.8. Based on the local cost index (CostLiving estimate from BEA RPP and Census rents); taxes not included.
Nearby cities
| City | Distance | Index | Budget (single) | Median rent |
|---|---|---|---|---|
| Cape Coral, FL | 10 mi | 104.5 | $3,111 | $1,858 |
| Lehigh Acres, FL | 12 mi | 101.8 | $2,923 | $1,657 |
| Bonita Springs, FL | 19 mi | 104.8 | $3,497 | $1,882 |
| Port Charlotte, FL | 31 mi | 101.6 | $2,549 | $1,553 |
| North Port, FL | 38 mi | 104.9 | $3,107 | $1,894 |
| Sarasota, FL | 66 mi | 102.2 | $3,035 | $1,684 |
Cities with a similar cost of living
| City | Index | Budget (single) | Median rent |
|---|---|---|---|
| Westfield, IN | 100.8 | $2,778 | $1,667 |
| Waukegan, IL | 100.8 | $2,581 | $1,205 |
| Indio, CA | 100.8 | $2,980 | $1,437 |
| Redding, CA | 100.8 | $2,692 | $1,379 |
| Layton, UT | 100.8 | $2,823 | $1,538 |
| Cedar Park, TX | 100.7 | $2,980 | $1,846 |
Compare Fort Myers with another city
Frequently asked questions
Is Fort Myers, FL an expensive place to live?
Fort Myers has a local cost of living index of 100.8, which is 0.8% above the US average. This CostLiving estimate starts from the BEA Regional Price Parities 2024 for the Cape Coral-Fort Myers, FL metro area (102.3) and adjusts housing to Fort Myers's own rents. It is 2.6 points below the Florida average. It is the 63rd most expensive of the 81 Florida cities in our data. Cheaper than 57% of the cities we cover.
How much money do you need to live in Fort Myers?
Our modelled estimate of basic monthly costs is $2,924 for a single adult, $4,563 for a couple and $5,496 for a family of four, before taxes, child care and savings. A $60,000 salary in an average-priced US area buys about the same as $60,500 in Fort Myers.
What is the average rent in Fort Myers?
The median gross rent (rent plus tenant-paid utilities) is $1,580 a month (Census ACS 2020-2024). By size: 1 bedroom $1,397, 2 bedrooms $1,618, 3 bedrooms $1,819. The typical renter spends 36.9% of household income on rent (very expensive).
How much does a house cost in Fort Myers?
The median owner-estimated home value is $384,500, 6 times the median household income of $63,732 (expensive). Owners with a mortgage pay a median $2,160 a month in housing costs.
How much is electricity and gas in Fort Myers?
Florida residential electricity averaged 14.99¢ per kWh in August 2026 (US 18.16¢). Regular gasoline was $3.79 a gallon (Florida average, week of 2026-11-02).
Sources and notes
- Local cost index: CostLiving estimate from BEA Regional Price Parities 2024 for the Cape Coral-Fort Myers, FL metropolitan statistical area (BEA index 102.3) with housing from Census ACS median rent (city figure); see the methodology.
- Rents, home values, income, population: U.S. Census Bureau ACS 5-year 2020-2024, Census place 1224125 (Fort Myers city).
- Electricity: EIA-861M, Florida residential average, August 2026.
- Gasoline: EIA weekly retail regular gasoline, Florida, week of 2026-11-02.
- Inflation: BLS CPI-U South region, September 2026.
- Budget baselines: BLS Consumer Expenditure Survey 2025; electricity use by household size: EIA RECS 2020.
Labels such as “county figure” or “state nonmetro figure” mark values that come from a larger area because the city-level figure is unavailable or unreliable. The monthly budget is a modelled estimate, not observed spending, and excludes taxes. This page is for general information and is not financial advice. Methodology · All sources