Naples Fl Cost of Living
The cost of living index is based on the composite price of groceries, housing, utilities, transportation, health care, clothing and entertainment.
Cost of living indexes will generally be higher in areas that offer access to beaches, culture, arts and recreation. In addition areas, that offer a wider variety of services such as health and education will run higher due to higher wages, and increased quality of living.
Cost of living indexing explanation
A figure of 100 points is used as an average both for the USA and
Florida. For example:
Boise Idaho is ranked at a 99
Boston Mass is rated at 240
San Francisco at 217
Statewide, Florida cities come in from a low of 90 and up.
One way to compare Florida areas to salary requirements
For example-If you were relocating from Portland Oregon (whose rate
1s 94.0) to Orlando, and you currently make $50,000 per year, the
formula is as follows
Take the destination index, in this case Orlando-94.0 and divide
by Portland’s index-120, then multiply by a salary of $50,000. This
will give you a figure of $39,166 which would be required to make
in Orlando to have the same quality of life.
See comparable Florida statewide
* Re cost of living--in some areas Real Estate has went up dramatically
however costs that factor in such as food, transportation, rents
etc have not increased at the same rate-so in some areas, even though
housing is expensive, the overall rating may still be low
2007 stats per Sperlings best Places http://www.bestplaces.net/
Boca Raton-154.74
Bradenton-114
Cape Coral-Ft Myers-108.0
Ft Lauderdale-132.0
Fort Walton-Destin-120
Jacksonville metro-94.0
Big Pine Key fl-132.46
Key Largo-146.0
Key West-168.0
Marathon fl-162.06
Miami metro-138.0
Melbourne-92.72
Naples Fl-250.59
Orlando metro-94.0
Palm Bay-84.56
Palm Coast-Flagler-125.01
Panama City-86.35
Pensacola metro-82.0
Sarasota-108.75
Tampa 94.60
St Pete-Clearwater-91.58
Vero-Beach Indian River-122.87
West Palm Beach metro-112.05
(Population Weighted-State Average=100
See national comparisons
Cost of living (100 = nationwide average)
* New York, NY -164.50
* Long Beach, CA -135.71
* Palo Alto, CA -234.42
* Boston, MA -127.60
* Malibu, CA -492.80
* San Francisco, -187.23
* Greenwich, CT 215
* Chicago, IL -126.45
* Dallas Tx -92,94
* Atlanta Ga -112.21
For more information about cost of living go to either
Sperlings best Places http://www.bestplaces.net/
or Accra's site at http://www.coli.org
Naples and Collier county come in at a Cost of Living (250.59) However compared to other areas nationally Naples and Collier County is a great place to live, work and play.
One advantage to the strong areas economy are the benefits in services for residents and tourists alike. In addition to that the strong economy means good paying job possibilities.
Housing.
A minimum two bedroom single family homes in Naples
As of August 2005, the median sold price is $500,800.
Condos on a canal start at $650,000
Beach front condos, from $850,000 to 3 million
Inland homes from $500,000 up
Inland condos start at $400,00
Utilities.
For Utility charges water and sewer go to
http://www.co.collier.fl.us/pud/serv/wqr/waterquality.htm
For electric
Florida Power & Light Co. - 239 262-1322
Lee County Electric Co-op - 239 394-5164
(Serves Marco Island, Goodland, Everglades City
Gas.
TECO/Peoples Gas - 239 476-9660
Natural Gas Companies:
Energy Services of Pensacola
Telephone Companies:
Sprint
KMC Telecom
In conclusion, with the recreational and job opportunities Naples
and Collier County offers a great lifestyle and financial benefits,
due to the areas strong economy and financial base.
