What is the cost of living in Key Largo, FL?
According to the most recent data on the cost of living, Key Largo has an overall cost of living index of 143, which is 1.4x higher than the national index of 100.
Compared to Florida, Key Largo has a cost of living index that's 1.4x higher than Florida's index of 104.
The standard of living in Key Largo ranks as #438 most affordable out of the 462 places we measured in Florida. By definition, that implies Key Largo ranks as the #24 most expensive place in the Sunshine State.
For more reading on life in Key Largo, check out:
Key Largo Cost Of Living Vs. Florida
Six factors go into calculating the cost of living index in Key Largo. Here is how it fares on each of the criteria:
The Services index in Key Largo is 100.
The Groceries index in Key Largo is 105.
The Health index in Key Largo is 227.
The Housing index in Key Largo is 104.
The Transportation index in Key Largo is 112.
The Utilities index in Key Largo is 106.
| Living Expense | Key Largo | Florida | National Average |
|---|---|---|---|
| Overall | 143 | 104 | 100 |
| Services | 100 | 101 | 100 |
| Groceries | 105 | 105 | 100 |
| Health | 227 | 99 | 100 |
| Housing | 104 | 104 | 100 |
| Transportation | 112 | 109 | 100 |
| Utilities | 106 | 105 | 100 |
Key Largo Cost Of Living Compared To Florida Averages
Index where 100 = national average. Source: cost-of-living index 2026.
For more reading on cost of living around Florida, check out:
Protect your home budget Compare home warranties in Key Largo Get matched →Source: Cost-of-living index 2026, normalized to US average = 100
Key Largo, FL Housing Cost Breakdown
Housing swings affordability the most between places in Florida, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2020-2024. The key points are:
The Median Home Value in Key Largo is $1,077,894.
The Median Rent in Key Largo is $1,887.
The Median Income in Key Largo is $85,778.
The Home Value To Income in Key Largo is 12.6x.
The Rent To Monthly Income in Key Largo is 0.26x.
Key Largo, FL Costs By Category
Detailed Key Largo Services costs vs. Florida
Detailed Key Largo Groceries costs vs. Florida
Detailed Key Largo Health costs vs. Florida
Detailed Key Largo Transportation costs vs. Florida
Key Largo SnackAbility
Cost Of Living In Cities Around Key Largo
The cost of living varies in the cities and towns around Key Largo. Here's a quick look at the cost of living in the most populous nearby places:
Homestead, FL has a cost of living index of 114, 0.8x Key Largo.
Kendale Lakes, FL has a cost of living index of 120, 0.8x Key Largo.
Coral Gables, FL has a cost of living index of 191, 1.3x Key Largo.
| City | Population | Cost Of Living | Vs. Key Largo |
|---|---|---|---|
| Homestead, FL | 82,807 | 114 | 0.8x |
| Kendale Lakes, FL | 52,622 | 120 | 0.8x |
| Coral Gables, FL | 49,802 | 191 | 1.3x |
| Tamiami, FL | 49,752 | 126 | 0.9x |
| Princeton, FL | 42,625 | 120 | 0.8x |
| Richmond West, FL | 35,593 | 133 | 0.9x |
| Coral Terrace, FL | 24,895 | 128 | 0.9x |
| The Crossings, FL | 22,963 | 126 | 0.9x |
| Country Walk, FL | 19,291 | 132 | 0.9x |
| Three Lakes, FL | 16,888 | 130 | 0.9x |
