Prepare your finances for relocation to this bayfront community with luxury amenities in Estero, Florida, a large community in Lee County between Fort Myers and Naples. The community is known for its tropical climate, attractive golf courses, and stunning beaches. Locals are attracted to the area because of its friendly atmosphere, making it a popular destination for tourists and residents. Estero has excellent schools, numerous shopping and dining options, and exciting water and land activities.
While living costs are higher than the national average, it is lower than many other popular destinations in Florida, like Miami and Naples. The manageable cost of living and the lack of state income tax make Estero a financially attractive option for retirees and families. Plus, with all the fantastic amenities in the area, residents get a lot out of the community. If you are moving to Estero, here’s what you can expect:
Home prices in Estero can vary greatly depending on the type of home and location. For example, a small condominium may be relatively affordable, while a larger waterfront home costs millions. Waterfront housing and country club homes are among the most popular options in Estero due to the luxurious amenities, such as golf courses, clubhouses, tennis courts, and private beaches. According to the Bonita Springs-Estero Real Realtors market report for April 2023, the average sale price for single-family homes was nearly $832,000, and the average sale price for condominiums was more than $713,000.
Homeowners in Estero may also need to budget for lawn care and pool maintenance, as these are not included in the housing price. Homeowners need to factor in these expenses when budgeting for their move to Estero.
The average cost of electricity in Estero is about $228 per month. Electricity costs can increase in summer due to intense heat and humidity, causing the air conditioning to run more consistently. Your home size can also impact electric costs, as a smaller home can heat and cool quickly and use less power.
While it may seem like nothing can combat these increasing costs, individuals can take several steps to reduce their consumption of valuable sources of water and electricity. By implementing these strategies, individuals save money on utility bills and reduce their environmental impact. Be mindful of how much water is used when showering, washing dishes, and doing laundry, and ensure that lights and electronics are turned off when not in use. You can also purchase energy-efficient appliances, light bulbs, and smart technology thermostats to reduce water and electricity use.
While owning a car can add to the cost of living, the benefits of being able to easily explore and commute in Estero and beyond make it worthwhile. The area is primarily serviced by LeeTran, which operates several bus routes throughout the town. Locals can pay bus fares with cash, app, or TropiCard options based on how frequently the service is used to navigate the city.
When considering a move, individuals need to research the job market and salary ranges for their fields in different regions. Negotiating for a higher salary or seeking job opportunities in a higher-paying region can also help offset the higher cost of living. The Census Bureau reported the median household income in Estero to be more than $94,000 between 2017 and 2021.
Learn more about moving to Estero
The Guillette Group is a team of Estero real estate agents with detailed knowledge of the community. While searching for your dream home, you can learn about the exceptional schools, commute times, and best restaurants in the area by working with an award-winning real estate team.