Key Biscayne, FL Cost Of Living

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Updated: 2020-03-08
Key Biscayne's Overall Cost Of Living
Higher Than The National Average
The cost of living index is set to 100 for the average place in America. An index above 100 means Key Biscayne is expensive, while a number below 100 means it's a relatively cheap place to live.

What is the cost of living in Key Biscayne, FL?

According to the most recent data on the cost of living, Key Biscayne has an overall cost of living index of 214 which is 2.1x higher than the national index of 100.

Compared to only Florida, Key Biscayne has a cost of living index that's 2.2x higher than Florida's index of 99.

The standard of living in Key Biscayne ranks as #6336 most affordable out of the 6522 places we measured in Florida. By definition, that implies Key Biscayne ranks as the #70 most expensive place in the Sunshine State.

Key Biscayne Cost Of Living Vs. Florida

Living Expense Key Biscayne Florida National Average
Overall 214 99 100
Services 99 99 100
Groceries 111 105 100
Health 107 100 100
Housing 473 96 100
Transportation 112 98 100
Utilities 98 102 100
For more reading on cost of living around Florida, check out:
Key Biscayne Cost of Living Vs. FL

Key Biscayne, FL Housing Cost Breakdown

Housing swings affordability the most between places in Florida, so we broke down the statistics around housing costs into more detail. It's also important to consider median household incomes to make apples-to-apples comparisons across locations.

Home and income come data comes from the most recent US Census ACS 2014-2018.

Median Home Value
Median Rent
Median Income
Statistic Key Biscayne Florida United States
Median Home Value $1,218,200 $196,800 $204,900
Median Rent $2,448 $1,128 $1,023
Median Income $133,958 $53,267 $60,293
Home Value To Income 9.1x 3.7x 3.4x
Rent To Monthly Income 0.22x 0.25x 0.2x

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Cost Of Living In Cities Around Key Biscayne

City Population Cost Of Living Vs. Key Biscayne
Miami, FL 451,214 109 0.5x
Miami Beach, FL 91,826 129 0.6x
Kendale Lakes, FL 58,395 107 0.5x
Tamiami, FL 57,514 112 0.5x
Coral Gables, FL 50,931 165 0.8x
Richmond West, FL 37,965 114 0.5x
Miami Lakes, FL 31,050 123 0.6x
Coral Terrace, FL 25,234 115 0.5x
The Crossings, FL 23,558 115 0.5x
Pinecrest, FL 19,446 180 0.8x

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