Cost of Living in Windermere, Florida

Housing Costs

• Median Home Price: The median home price in Windermere varies, with recent reports indicating it is around $947,500 and $753,125. This is significantly higher than the national average, making housing a major expense for residents.
• Rent: The average rent for a 2-bedroom home is approximately $1,989 to $2,410 per month.
• Housing Index: The cost of living index for housing in Windermere is about 110.3% of the national average.

Transportation Costs

• Transportation Index: Windermere's transportation costs are lower than the national average, with an index of 95.
• Public Transportation: The LYNX bus system provides affordable public transportation options.
• Car Insurance: The average cost of car insurance is about $2,055 per year.

Healthcare Costs

• Healthcare Index: Healthcare costs in Windermere are slightly higher than the national average, with an index of 92.
• Annual Healthcare Expenses: A single adult can expect to pay around $4,427 per year for healthcare.
• Health Insurance: The average cost of a Silver health insurance plan for a 40-year-old is about $599 per month.

Food and Groceries

• Grocery Index: The cost of groceries in Windermere is comparable to the national average, with an index of 98.
• Dining Out: Meals at restaurants typically range from $50 to $85 per person.

Utilities

• Utilities Index: Utility costs in Windermere are slightly lower than the national average, with an index of 90.
• Electricity Costs: The average electricity bill is about $211 per month.

Income and Affordability

• Median Household Income: Windermere has a high median household income of $156,042 according to data.census.gov 
• Affordability: To afford living in Windermere, it's recommended to follow the 28% rule for housing costs and consider budgeting guidelines like the 50-30-20 rule.