Key Biscayne, FL Cost Of Living
Key Biscayne's Overall Cost Of Living
Higher Than The National Average
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 | |
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 |
Key Biscayne SnackAbility
/10
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 |
