Cost of Living in Iona, FL

With a cost of living index of 118, Iona, FL is a notably expensive place to live. Living here is 18% more expensive than the national average and 8% above the Florida state average of 110. Iona is a smaller community of 14,290 residents, where everyday costs can differ substantially from nearby larger cities.

Housing costs are the biggest factor in Iona's cost of living. The median monthly rent is $1,908 (45% above the US median of $1,319), and the median home value sits at $295,700 (3% below the national median of $304,900). At current prices, the median home costs roughly 4.5x the median household income — a moderately affordable ratio by today's standards.

The median household income in Iona is $66,143, which is 12% lower than the national median of $75,149. Residents spend roughly 35% of household income on rent. This exceeds the recommended 30% threshold, meaning many renters here are cost-burdened.

Climate is another factor for anyone considering a move to Iona. The area sees an average annual temperature of 75.4°F, with summers averaging 83°F and winters around 66°F. Annual rainfall totals 57.4 inches spread over roughly 116 days.

Everyday prices in the Cape Coral-Fort Myers, FL (Metropolitan Statistical Area) metro area are generally below the national average. Out of 6 common items tracked by the Bureau of Labor Statistics, 6 are priced lower than the US average. These real-world prices — from groceries to electricity — add up and should be factored into any cost of living comparison.

Data sources: US Census Bureau (ACS 2023), Zillow Home Values, HUD Fair Market Rents, BEA Regional Price Parities, BLS Average Prices, and NOAA Climate Normals. Updated monthly.