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Cost of living in Naples Florida

Southwest Florida has certainly grown over the last few decades, in areas that were previously undeveloped, you now have shopping malls, schools, and homes. Collier County, and in particular Naples – has been one of the hearts of growth in the region (appearing on an ongoing basis as one of the top places in the Country to live). Although Naples proper (centered around 5th Ave.) has redeveloped over the last 30 years, the rest of Collier and Naples (including north Naples) has really grown.

The economy of every county, state, and even country is driven by demand and supply, and with an increase in population, there is bound to be a corresponding increase in demand and supply. This would, in return, drive the economy, however, the increase in population has to accommodate a significant number of people with much higher spending power. Naples is a beautiful place, home to a minimum of 21,512 year-round residents and has almost the same number of people come in seasonally, especially during the unbearable winter. This means that the beaches, shopping centers, restaurants, and the perfect climate are doing a good job in attracting and keeping people who have to spend money to survive.

It is much the same as everywhere in the US, where affordability relies on your lifestyle, and Naples is the same, in that, there are over-the-top expensive communities, tolerably valued places, etc. On the off chance that you are a senior and no longer working, and have a restricted salary, at that point it may not be the best place for you to live, you would have to be more explicit and deliberate about your lifestyle in order not to end up broke too soon.

Not every person in Naples is overly affluent or even well off. There are a lot of people who work in the service industries and who compassionately do tasks like cleaning pools, power washing rooftops, working at grocery stores and constantly keeping the community landscape and gardens in the best forms. In spite of the fact that it isn’t exceptional to see a Rolls Royce, Bentley or Maserati here and there, there are a lot of lower valued “normal” vehicles. The areas in Naples close to the water, frequently referred to as “west of 75”, for example, fifth Avenue, Gulf Shore Drive and Gordon Drive are ultra luxury areas with homes on Gordon Drives selling for as high as 63 Million, while zones like East Naples and the Estates have increasingly reasonable lodging with normal homes being occupied by extremely decent middle-class people.

Naples has many gated and confined communities, and access is denied without consent to enter. Of course, there are HOA expenses that come with other benefits and features, some of which can be very exorbitant. Places like Golden Gate Estates have huge land areas but no communities, no open water or sewer, and no HOA charges, as they are basically private homes for the most part, on huge parcels of land.

There are top-of-the-line stores, yet in addition, Aldis and Trader Joe’s, just as Walmart and Target. There are expensive eateries which in spite of the fact that they are affordable by many, yet, for the majority not to come up short on cash rapidly, many individuals only visit those restaurants from time to time. Also, you will find that the higher the value, the lower the bit size, and that is why many people eat at progressively moderate restaurants.

The cost in season all through Naples are more expensive than they usually are out of season, as this is due to the seasonal travelers or snowbirds, a large number of whom come from Canada and other places. Out of season, there are specials at cafes and eateries to draw in clients, in addition to that, there are chains like Outback, Bonefish, Olive Garden, Chilis, Culvers and Carrabbas for sensibly priced dinners. In spite of the fact that there are expensive shopping centers like Mercado and Waterside, both situated on the main drag 41, otherwise called Tamiami Trail, which is west of 75 closer to the water, there are decent outlets in Estero around 15 miles away, close to the air terminal like Miramar Outlets where you can get incredible deals.

Coastland Mall, situated close to the Naples Zoo, has pleasant stores like Sears and Penneys, however, not the higher end stores like Cartier and Tiffany, which are found at Waterside. Numerous charities have incredible resale and transfer stores, St. Matthews always rings a bell, with decent things from furniture to apparel and all are well valued. You can discover racks of top-of-the-line designer dresses at St. Matthews that have been previously owned, if at all used, at affordable prices. The philanthropy underpins different Naples residents, some vagrants, others recouping from different addictions, with job training and lodging, so it is a decent philanthropy to give to, just as to help with purchases.

Living in Naples is heavenly. Indeed, there are costly cafes and shopping, however, the riches here are beneficial to everybody. A considerable number of the ultra-rich are entirely altruistic, in this manner, there are galleries, art expressions, shows, Broadway plays and more that are truly affordable because of liberal donations by the rich. Naples is very clean, with lovely landscaping. After ‘season’ (January – March), the astonishing cafes and shops offer huge discounts and deals. Crime is usually unheard of, the beaches are stunning and free, and an international airport terminal is about 30 minutes away. It is a little city, however, there are Botanical Garden, Conservatory, a great Zoo, a few parks, a water park, and a Children’s Museum.

Real estate and accommodations are surprisingly reasonable as, although Naples has homes in the $50 million+ range, there are a number of beautiful homes just off the beaten path that are extremely competitively priced. Additionally, when you factor in the State’s favorable taxes and homestead (no state income tax, and protections and discounts for owning your home in FL) it is actually one of the most reasonably  priced areas to live in the United States. All this while still accommodating a bevy of restaurants, attractions, and distractions. There are 2-bed, 2-shower condominiums available to be purchased at $140,000 – $150,000 more seasoned, however, in incredible areas, and many have been revamped and updated. Housing is essentially the greatest factor in the average cost for basic living in Naples. The average home cost in Naples is $334,900, while the average cost of living in Florida is $225,200 – and $219,700 for living in the United States.

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Alex Greenwood

Personally, I'm the #1 agent in Southwest Florida, thanks in large part to my amazing team and the support of our brokerage MVP Realty. In addition SWFL RE Group has won top agency/practice 4 years in a row, and is also the top ranked and top reviewed Real Estate team on Zillow and Trulia.

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