Cost of Living in Pine Island Center, FL

With a cost of living index of 93, Pine Island Center, FL is slightly more affordable than average. Living here is 7% cheaper than the national average and 17% below the Florida state average of 110. Pine Island Center is a small community of 1,668 residents.

Housing costs are the biggest factor in Pine Island Center's cost of living. The median monthly rent is $1,108 (16% below the US median of $1,319), and the median home value sits at $287,300 (6% below the national median of $304,900). At current prices, the median home costs roughly 4.7x the median household income — a stretch for many buyers, though not uncommon in today's market.

The median household income in Pine Island Center is $61,111, which is 19% lower than the national median of $75,149. Residents spend roughly 22% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum. Lower incomes here are balanced by the significantly lower cost of living, stretching each dollar further.

Climate is another factor for anyone considering a move to Pine Island Center. 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.