Marco Island, FL Cost Of Living
Cost Of Living In Marco Island, FL Summary
Cost of living in Marco Island research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Marco Island is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Florida, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Marco Island is 142, with 100 being the average.
The cost of living index in Marco Island is 1.4x higher than the national average.
Marco Island ranks as the #445 cheapest in Florida out of 459.
Marco Island ranks as the #5,646 cheapest out of 6,412 in the US.
The median home value in Marco Island is $689,000.
The median income in Marco Island is $93,134.
Table Of Contents
Marco Island's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Marco Island, FL?
According to the most recent data on the cost of living, Marco Island has an overall cost of living index of 142, which is 1.4x higher than the national index of 100.
Compared to Florida, Marco Island has a cost of living index that's 1.4x higher than Florida's index of 101.
The standard of living in Marco Island ranks as #445 most affordable out of the 459 places we measured in Florida. By definition, that implies Marco Island ranks as the #14 most expensive place in the Sunshine State.
For more reading on life in Marco Island, check out:
- Living In Marco Island
- Marco Island Crime Report
- Search Homes For Sale In Marco Island, FL
In Florida
In America
Marco Island Cost Of Living Vs. Florida
Six factors go into calculating the cost of living index in Marco Island. Here is how it fairs on each of the criteria:
The Services index in Marco Island is 107.
The Groceries index in Marco Island is 100.
The Health index in Marco Island is 108.
The Housing index in Marco Island is 234.
The Transportation index in Marco Island is 112.
The Utilities index in Marco Island is 98.
| Living Expense | Marco Island | Florida | National Average | |
|---|---|---|---|---|
| Overall | 142 | 101 | 100 | |
| Services | 107 | 98 | 100 | |
| Groceries | 100 | 101 | 100 | |
| Health | 108 | 96 | 100 | |
| Housing | 234 | 108 | 100 | |
| Transportation | 112 | 98 | 100 | |
| Utilities | 98 | 100 | 100 | |
Marco Island, FL Housing Cost Breakdown
Housing swings affordability the most between places in Florida, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Marco Island is $689,000.
The Median Rent in Marco Island is $1,775.
The Median Income in Marco Island is $93,134.
The Home Value To Income in Marco Island is 7.4x.
The Rent To Monthly Income in Marco Island is 0.23x.
| Statistic | Marco Island | Florida | United States |
|---|---|---|---|
| Median Home Value | $689,000 | $248,700 | $244,900 |
| Median Rent | $1,775 | $1,301 | $1,163 |
| Median Income | $93,134 | $61,777 | $69,021 |
| Home Value To Income | 7.4x | 4.0x | 3.5x |
| Rent To Monthly Income | 0.23x | 0.25x | 0.2x |
Median Home Value
Median Rent
Median Income
Marco Island, FL Costs By Category
Detailed Marco Island Services Costs Vs. Florida
| Item | Marco Island | Florida |
|---|---|---|
| Shampoo | $0.95 | $1.06 |
| Movie | $12.88 | $10.68 |
| Bowling | $19.12 | $14.67 |
| Haircut | $21.52 | $18.62 |
| Beauty Salon | $33.41 | $39.05 |
Detailed Marco Island Groceries Costs Vs. Florida
| Item | Marco Island | Florida |
|---|---|---|
| Ground Beef | $4.42 | $4.22 |
| Fried Chicken | $1.92 | $1.39 |
| Milk | $2.4 | $2.05 |
| Potatoes | $3.3 | $3.29 |
| Pizza | $12.0 | $10.62 |
| Beer | $9.7 | $9.38 |
| Toothpaste | $2.31 | $2.34 |
Detailed Marco Island Health Costs Vs. Florida
| Item | Marco Island | Florida |
|---|---|---|
| Optometrist | $85.53 | $108.57 |
| Doctor | $123.46 | $116.17 |
| Dentist | $110.14 | $99.13 |
Detailed Marco Island Transportation Costs Vs. Florida
| Item | Marco Island | Florida |
|---|---|---|
| Gasoline | $2.45 | $2.22 |
| Tire Balancing | $57.16 | $50.07 |
Detailed Marco Island Utilities Costs Vs. Florida
| Item | Marco Island | Florida |
|---|---|---|
| All Electricity | $158.56 | $167.67 |
| Phone | $187.82 | $175.64 |
Marco Island SnackAbility
/10
Cost Of Living In Cities Around Marco Island
The cost of living varies in the cities and towns around Marco Island. Here's a quick look at the cost of living in the most populous nearby places:
Fort Myers, FL has a cost of living index of 100, 0.7x Marco Island.
Bonita Springs, FL has a cost of living index of 113, 0.8x Marco Island.
Golden Gate, FL has a cost of living index of 99, 0.7x Marco Island.
| City | Population | Cost Of Living | Vs. Marco Island |
|---|---|---|---|
| Fort Myers, FL | 84,694 | 100 | 0.7x |
| Bonita Springs, FL | 53,017 | 113 | 0.8x |
| Golden Gate, FL | 29,271 | 99 | 0.7x |
| Immokalee, FL | 27,669 | 91 | 0.6x |
| Naples, FL | 19,187 | 172 | 1.2x |
| San Carlos Park, FL | 18,590 | 99 | 0.7x |
| Villas, FL | 13,764 | 97 | 0.7x |
| Iona, FL | 13,160 | 108 | 0.8x |
| Cypress Lake, FL | 12,334 | 97 | 0.7x |
| Lely Resort, FL | 7,058 | 138 | 1.0x |
