Key Largo, FL Cost Of Living
Cost Of Living In Key Largo, FL Summary
Cost of living in Key Largo research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Key Largo is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Florida, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Key Largo is 127, with 100 being the average.
The cost of living index in Key Largo is 1.3x higher than the national average.
Key Largo ranks as the #432 cheapest in Florida out of 459.
Key Largo ranks as the #5,140 cheapest out of 6,412 in the US.
The median home value in Key Largo is $507,300.
The median income in Key Largo is $66,463.
Table Of Contents
Key Largo's Overall Cost Of Living
Higher Than The National Average
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 127, which is 1.3x higher than the national index of 100.
Compared to Florida, Key Largo has a cost of living index that's 1.3x higher than Florida's index of 101.
The standard of living in Key Largo ranks as #432 most affordable out of the 459 places we measured in Florida. By definition, that implies Key Largo ranks as the #27 most expensive place in the Sunshine State.
For more reading on life in Key Largo, check out:
- Living In Key Largo
- Search Homes For Sale In Key Largo, FL
In Florida
In America
Key Largo Cost Of Living Vs. Florida
Six factors go into calculating the cost of living index in Key Largo. Here is how it fairs on each of the criteria:
The Services index in Key Largo is 103.
The Groceries index in Key Largo is 120.
The Health index in Key Largo is 106.
The Housing index in Key Largo is 174.
The Transportation index in Key Largo is 107.
The Utilities index in Key Largo is 100.
| Living Expense | Key Largo | Florida | National Average | |
|---|---|---|---|---|
| Overall | 127 | 101 | 100 | |
| Services | 103 | 98 | 100 | |
| Groceries | 120 | 101 | 100 | |
| Health | 106 | 96 | 100 | |
| Housing | 174 | 108 | 100 | |
| Transportation | 107 | 98 | 100 | |
| Utilities | 100 | 100 | 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 2017-2021. The key points are:
The Median Home Value in Key Largo is $507,300.
The Median Rent in Key Largo is $1,699.
The Median Income in Key Largo is $66,463.
The Home Value To Income in Key Largo is 7.6x.
The Rent To Monthly Income in Key Largo is 0.31x.
| Statistic | Key Largo | Florida | United States |
|---|---|---|---|
| Median Home Value | $507,300 | $248,700 | $244,900 |
| Median Rent | $1,699 | $1,301 | $1,163 |
| Median Income | $66,463 | $61,777 | $69,021 |
| Home Value To Income | 7.6x | 4.0x | 3.5x |
| Rent To Monthly Income | 0.31x | 0.25x | 0.2x |
Median Home Value
Median Rent
Median Income
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
Detailed Key Largo Utilities Costs Vs. Florida
Key Largo SnackAbility
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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 101, 0.8x Key Largo.
Tamiami, FL has a cost of living index of 116, 0.9x Key Largo.
Kendale Lakes, FL has a cost of living index of 108, 0.9x Key Largo.
| City | Population | Cost Of Living | Vs. Key Largo |
|---|---|---|---|
| Homestead, FL | 78,885 | 101 | 0.8x |
| Tamiami, FL | 54,525 | 116 | 0.9x |
| Kendale Lakes, FL | 53,392 | 108 | 0.9x |
| Coral Gables, FL | 49,269 | 164 | 1.3x |
| Richmond West, FL | 37,626 | 117 | 0.9x |
| Princeton, FL | 36,381 | 106 | 0.8x |
| Coral Terrace, FL | 25,869 | 117 | 0.9x |
| The Crossings, FL | 22,382 | 116 | 0.9x |
| Country Walk, FL | 18,627 | 122 | 1.0x |
| Palmetto Estates, FL | 16,612 | 105 | 0.8x |
