In a
2002 study by the University of Florida's Bureau of
Economic and Business Research, Collier County ranked
as the fifth highest in overall cost of living. However,
compared to other major metropolitan markets in Florida,
Collier did reasonably well. Please see the chart
below:
In 2003, the Price Level Index for Collier County was 103.07, compared to the Florida State average of 100, meaning that to live in Collier County is 3.07 percent higher than the average.
A detailed Price Level Index Report for 2003 is available here.
Also of interest is the average cost
of real estate in the Naples area. Below, the table
represents the average home prices of Naples as compared
to other major metropolitan areas in the State of
Florida:
Ten Most Expensive Counties |
Rank |
Country |
Index |
1 |
Monroe |
113.56 |
2 |
Miami-Dade |
109.24 |
3 |
Broward |
107.96 |
4 |
Palm Beach |
106.95 |
5 |
Collier |
103.10 |
6 |
Pinellas |
101.95 |
7 |
Sarasota |
99.60 |
8 |
Hillborough |
99.53 |
9 |
Martin |
98.60 |
10 |
Lee |
97.38 |
Ten Least Expensive Counties |
Rank |
Country |
Index |
1 |
Hamilton |
88.32 |
2 |
Calhoun |
88.34 |
3 |
Holmes |
89.10 |
4 |
Washington |
89.19 |
5 |
Jackson |
89.30 |
6 |
Columbia |
89.38 |
7 |
Gilchrist |
90.26 |
8 |
Walton |
90.49 |
9 |
Lafayette |
90.53 |
10 |
Union |
90.55 |
|