As someone who’s called Southwest Florida home since childhood, I’ve seen how retirement living options in Fort Myers have evolved over the years. For those weighing whether to rent or own in retirement, here’s what stands out: Fort Myers is one of the few destinations where renting comes out ahead financially for seniors. With 23.2% of residents aged 65 and older, and average monthly rents around $1,800, the annual living costs break down to about $48,700 for homeowners versus $45,000 for renters—a difference of roughly $3,600 per year, or an 8% savings for those who rent.
These estimates reflect local home values, rents, living costs, and assume a 10% down payment with a national 30-year fixed mortgage in the mid-6% range. Fort Myers’ large senior population (over 25,000 residents and 20% aged 65+) is a big reason it’s on the radar for retirement comparisons.
As a Senior Transition Specialist and second-generation Realtor with deep local roots, I guide clients through these important financial choices—whether you’re planning to downsize, relocate, or help a loved one navigate a major move. Understanding the real numbers behind rent versus own is just one piece of making your next chapter comfortable and confident.
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