What is the cost of living in Key West, FL?
According to the most recent data on the cost of living, Key West has an overall cost of living index of 174, which is 1.7x higher than the national index of 100.
Compared to Florida, Key West has a cost of living index that's 1.7x higher than Florida's index of 104.
The standard of living in Key West ranks as #454 most affordable out of the 462 places we measured in Florida. By definition, that implies Key West ranks as the #8 most expensive place in the Sunshine State.
For more reading on life in Key West, check out:
Key West Cost Of Living Vs. Florida
Six factors go into calculating the cost of living index in Key West. Here is how it fares on each of the criteria:
The Services index in Key West is 100.
The Groceries index in Key West is 104.
The Health index in Key West is 330.
The Housing index in Key West is 107.
The Transportation index in Key West is 114.
The Utilities index in Key West is 107.
| Living Expense | Key West | Florida | National Average |
|---|---|---|---|
| Overall | 174 | 104 | 100 |
| Services | 100 | 101 | 100 |
| Groceries | 104 | 105 | 100 |
| Health | 330 | 99 | 100 |
| Housing | 107 | 104 | 100 |
| Transportation | 114 | 109 | 100 |
| Utilities | 107 | 105 | 100 |
Key West 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 West Get matched →Source: Cost-of-living index 2026, normalized to US average = 100
Key West, 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 West is $1,018,284.
The Median Rent in Key West is $2,220.
The Median Income in Key West is $87,037.
The Home Value To Income in Key West is 11.7x.
The Rent To Monthly Income in Key West is 0.31x.
Key West, FL Costs By Category
Detailed Key West Services costs vs. Florida
Detailed Key West Groceries costs vs. Florida
Detailed Key West Health costs vs. Florida
Detailed Key West Transportation costs vs. Florida
Key West SnackAbility
Cost Of Living In Cities Around Key West
The cost of living varies in the cities and towns around Key West. Here's a quick look at the cost of living in the most populous nearby places:
Marathon, FL has a cost of living index of 145, 0.8x Key West.
| City | Population | Cost Of Living | Vs. Key West |
|---|---|---|---|
| Marathon, FL | 9,914 | 145 | 0.8x |
