The Real Cost of 55+ Living in Southwest Florida

Felicia
Aug 5
3 min read

What Seniors & Their Families Need to Know Before Making the Move

As more retirees seek sunshine, lifestyle, and community in their golden years, Southwest Florida (SWFL) continues to shine as a top destination. From the sandy shores of Naples to the peaceful neighborhoods of Fort Myers and Lehigh Acres, 55+ communities offer a wide range of options—from budget-friendly villas to luxury continuing care retirement communities.

But what does it really cost to live in one of these 55+ communities? Whether you're downsizing, aging in place, or seeking support and social connection, understanding the full financial picture is essential.

🏘️ Home Prices: From Affordable to Upscale

SWFL offers a wide spectrum of housing prices in age-restricted communities:

Affordable Condos & Villas: Communities like Seven Lakes in Fort Myers offer condos starting under $100,000, and attached villas in the $150,000–$250,000 range. These typically include access to golf, pools, and social clubs. See properties here
Mid-Range Single-Family Homes: Places like Cascades at Estero offer well-maintained, newer homes starting in the low $300,000s. See properties here
Luxury Villa & Single Family Homes: Communities like Valencia Bonita (see properties here) are on the higher side of mid-range to luxury high $500,000s - $2Ms and Lely Resort in Naples (see properties here) offer resort like amenities with an upscale feel from high $800,000s - $3Ms.
Continuum of Care: Life plan communities like Shell Point provide upscale living, amenities, and medical support. Expect to pay a one-time entrance fee of $170,000+ with monthly service fees for health care and hospitality services. While life plan communties likes Moorings Park have over a $2M one-time entrance fee.

Pro Tip: Be sure to ask if the HOA covers landscaping, cable, internet, and utilities—it can significantly impact your monthly expenses.

Monthly Costs: Beyond the Mortgage

While home prices set the stage, ongoing monthly expenses are what shape your day-to-day lifestyle. Here’s a realistic monthly breakdown:

Category	Estimated Cost
HOA / Community Fees	$200 – $600
Utilities (Electric, Water, Trash)	$400 – $600
Property Insurance	$400 – $700+
Property Taxes (with exemptions)	$200 – $400
Groceries & Basic Needs	$1,100 – $1,300
Healthcare (Medicare supplement, prescriptions, copays)	$600 – $1,000
TOTAL	$2,900 – $4,600+

These numbers vary based on lifestyle, home size, insurance choices, and whether you're in a gated or luxury community.

What You Get for the Money

Many 55+ communities offer:

Resort-style amenities (clubhouse, pickleball, tennis, golf)
Fitness centers and wellness programs
Full-time lifestyle or social directors
Security and gated entrances
Low-maintenance or maintenance-free living

Some even include continuing care options, on-site dining, concierge services, and transportation, allowing you to age in place without relocating again.

Hidden Costs to Watch

The beauty of Southwest Florida living is real—but so are the financial challenges. Be prepared for:

Special Assessments: Especially in older condos, new Florida laws require structural safety inspections, leading to unexpected fees.
Rising Insurance Rates: Proximity to water and hurricanes means insurance rates have been rising—sometimes substantially.
Health Emergencies: Even healthy retirees should consider long-term care insurance or communities with tiered care services.

How to Plan Smart

Review community financials before buying. Look for healthy reserves and low turnover.
Ask about HOA inclusions—don’t assume they cover cable, pest control, or roof repairs.
Consult a senior real estate expert who understands the local 55+ market and your long-term needs.
Plan for the future—whether that means aging in place, moving closer to family, or accessing assisted living support later on.

Is Southwest Florida Worth It?

Absolutely—if you go in informed. With no state income tax, a warm climate year-round, and vibrant social communities, SWFL is still one of the most sought-after retirement spots in the U.S. Just remember: cost of living isn’t just about the view—it’s about comfort, care, and connection as you age.

🛠 Need Help Navigating the Move?

As a local REALTOR® and Senior Living Expert, I specialize in helping older adults and their families make informed real estate decisions—whether that means downsizing, aging in place, or transitioning to senior living.

📞 Let’s talk through your options and budget—together we can make your next chapter stress-free and empowering.

~ Felicia, XO