Cost of living in Cape Coral
Cape Coral, located in the sunny state of Florida, offers a unique blend of coastal living and suburban comfort. Understanding the cost of living in this city is crucial for anyone considering a move or planning to budget effectively.
This guide provides a detailed breakdown of expenses in Cape Coral, covering everything from dining and groceries to housing and transportation.
Cost of Living Summary
Dining and Restaurants
- Inexpensive Restaurant Meal - A meal at a casual restaurant will typically cost $19.5 on average, with a range between $7 and $50.
- Mid-Range Restaurant (Three-Course Meal for Two) - For a more upscale dining experience, expect to pay around $72.5, with prices ranging from $41.24 to $120.
- Fast Food (e.g., McDonald's) - A McMeal or equivalent combo meal averages $9, with a range between $7 and $15.
- Beverages (e.g., Domestic Beer, Imported Beer, Cappuccino, Coke/Pepsi) - Domestic beer ranges from $2 to $8, imported beer $3 to $10, cappuccino $2 to $6, and Coke/Pepsi $1.5 to $3.75.
Grocery Prices
- Milk - Milk is priced between $0.79 and $1.53 per liter, averaging $1.13.
- Bread (Loaf of Fresh White Bread) - A loaf of fresh white bread costs between $2.74 and $5.39, with an average price of $3.3.
- Eggs (Dozen) - A dozen eggs range from $2.39 to $6.25, averaging $3.3.
- Fruits (e.g., Apples, Oranges) - Apples cost $1.96 to $8.82 per kg, while oranges range from $2.2 to $8.82 per kg.
- Vegetables (e.g., Potatoes, Lettuce) - Potatoes are priced between $1.52 and $7.72 per kg, and lettuce costs $1.99 to $3.69 per head.
Transportation
- Public Transport (Monthly Pass) - A monthly pass for local transport is priced at $35.
- Fuel (Gasoline) - Gasoline is priced between $0.76 and $0.99 per liter.
- Taxi Fares - Taxi fares start at $3.37, with a cost of $1.48 per km and $60 per hour of waiting.
Housing Costs
- 1-Bedroom Apartment Rent (City Centre) - Rent for a 1-bedroom apartment in the city centre ranges from $1600 to $2150, averaging $1800.
- 1-Bedroom Apartment Rent (Outside Centre) - Outside the centre, rent ranges from $950 to $1800, averaging $1387.5.
- 3-Bedroom Apartment Rent (City Centre) - Rent for a 3-bedroom apartment in the city centre ranges from $2400 to $3200, averaging $2680.
- 3-Bedroom Apartment Rent (Outside Centre) - Outside the centre, rent ranges from $2000 to $2900, averaging $2300.
- Buying Price per Square Meter (City Centre) - The price per square meter to buy an apartment in the city centre averages $2992.
- Buying Price per Square Meter (Outside Centre) - Outside the centre, the price per square meter averages $2992.
Utilities
- Basic Utilities (Electricity, Heating, Water, etc.) - Basic utilities for an 85m2 apartment cost between $185 and $472.22, averaging $262.29.
- Internet - Internet services range from $52.94 to $96, with an average cost of $63.99.
Cost of Living Rankings
The cost of living indices for the United States are compared to New York City (NYC), which serves as the baseline with an index of 100. These provide insights into the relative cost of living in different cities in United States, covering factors like consumer goods, rent, and purchasing power.
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"Key Takeaways"
Cape Coral offers a moderate cost of living with relatively affordable housing options compared to other coastal cities in Florida.
Dining out can vary significantly in price, offering options for both budget-friendly and upscale experiences.
Transportation costs are manageable, with affordable public transport and gasoline prices.
Conclusion
In conclusion, Cape Coral presents a balanced cost of living, making it an attractive option for those seeking a coastal lifestyle without the high expenses typically associated with such locations.
Potential residents should consider the variability in dining and housing costs when planning their budget, but overall, the city offers a comfortable living environment with reasonable expenses.