Key Biscayne, FL Cost Of Living
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 215 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 98.
The standard of living in Key Biscayne ranks as #6,349 most affordable out of the 6,418 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 | 215 | 98 | 100 | |
| Services | 102 | 99 | 100 | |
| Groceries | 119 | 107 | 100 | |
| Health | 104 | 98 | 100 | |
| Housing | 474 | 96 | 100 | |
| Transportation | 110 | 102 | 100 | |
| Utilities | 101 | 106 | 100 | |
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.
| Statistic | Key Biscayne | Florida | United States |
|---|---|---|---|
| Median Home Value | $1,430,100 | $232,000 | $229,800 |
| Median Rent | $2,584 | $1,218 | $1,096 |
| Median Income | $166,667 | $57,703 | $64,994 |
| Home Value To Income | 8.6x | 4.0x | 3.5x |
| Rent To Monthly Income | 0.19x | 0.25x | 0.2x |
Detailed Key Biscayne Services Costs Vs. Florida
| Item | Key Biscayne | Florida |
|---|---|---|
| Shampoo | $1.11 | $1.06 |
| Movie | $13.23 | $10.68 |
| Bowling | $22.13 | $14.67 |
Detailed Key Biscayne Groceries Costs Vs. Florida
| Item | Key Biscayne | Florida |
|---|---|---|
| Ground Beef | $4.27 | $4.22 |
| Fried Chicken | $1.73 | $1.39 |
| Milk | $3.16 | $2.05 |
Detailed Key Biscayne Health Costs Vs. Florida
| Item | Key Biscayne | Florida |
|---|---|---|
| Haircut | $14.37 | $18.62 |
| Beauty Salon | $70.0 | $39.05 |
| Toothpaste | $1.87 | $2.34 |
Detailed Key Biscayne Transportation Costs Vs. Florida
| Item | Key Biscayne | Florida |
|---|---|---|
| Potatoes | $3.86 | $3.29 |
| Pizza | $9.1 | $10.62 |
| Beer | $10.98 | $9.38 |
| Optometrist | $105.63 | $108.57 |
| Doctor | $111.06 | $116.17 |
| Dentist | $107.78 | $99.13 |
Detailed Key Biscayne Utilities Costs Vs. Florida
| Item | Key Biscayne | Florida |
|---|---|---|
| Gasoline | $2.24 | $2.22 |
| Tire Balancing | $60.69 | $50.07 |
| All Electricity | $162.18 | $167.67 |
| Phone | $188.17 | $175.64 |
Key Biscayne SnackAbility
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Cost Of Living In Cities Around Key Biscayne
| City | Population | Cost Of Living | Vs. Key Biscayne | Miami, FL | 461,080 | 111 | 0.5x | Miami Beach, FL | 89,439 | 132 | 0.6x | Tamiami, FL | 55,757 | 116 | 0.5x | Kendale Lakes, FL | 55,732 | 108 | 0.5x | Coral Gables, FL | 49,937 | 164 | 0.8x | Richmond West, FL | 37,123 | 117 | 0.5x | Miami Lakes, FL | 31,021 | 125 | 0.6x | Coral Terrace, FL | 25,529 | 117 | 0.5x | The Crossings, FL | 23,102 | 116 | 0.5x | Pinecrest, FL | 19,183 | 180 | 0.8x |
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