Collier tops ranking for ‘passive’ income among midsize markets, Lee close behind
Staff Report | naplesnews.com
Southwest Florida is a hot spot for people who get income from interest, investment dividends or rentals, according to a new report from the U.S. Chamber of Commerce.
Naples-Immokalee-Marco Island tops the midsize metro list, with a median passive income of $19,700 per year. In that metro area, 35.5% of households generate passive income and the median total household income is $75,000. The poverty rate is 9.3%.
Cape Coral-Fort Myers-ranked fourth, with a median passive household income of $8,700 generated by 28.8% of households. The median total household income there is $61,700 and the poverty rate is 11.3%.
Naples-Immokalee-Marco Island area tops the passive income numbers for all cities nationally, according to the report, which uses information from the U.S. Census Bureau.
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