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Living in paradise sure has its benefits — until you start adding up the bills.

According to the Economic Policy Institute, the cost of living in the Naples area is about $9,688 per month for a family of four, the seventh highest in the state. Living in the Cape Coral-Fort Myers area or Punta Gorda is less expensive at $9,043 and $8,210 per month, respectively.

Housing tends to be the highest cost for most families, but varies widely depending on location. The average cost of housing in Naples is about 23% higher than in Punta Gorda, for example.

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