Key Biscayne, FL Cost Of Living

Demographics | Crime | Cost Of Living
Updated: 2022-04-07
215
Key Biscayne's Overall Cost Of Living
2.1x
Higher Than The National Average
459 out of 459
In Florida
6,343 out of 6,412
In America
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 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.

For more reading on life in Key Biscayne, check out:

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
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.

$1,430,100
Median Home Value
$2,584
Median Rent
$166,667
Median Income
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

10
/10
Overall SnackAbility
Jobs
8.5/10
Housing
10
Affordability
5
Diversity
8
Safety
8.5
Amenities
9
Education
10
Commute
6

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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