Longboat Key, FL Cost Of Living
Cost Of Living In Longboat Key, FL Summary
Cost of living in Longboat Key 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 Longboat Key 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 Longboat Key is 174, with 100 being the average.
The cost of living index in Longboat Key is 1.7x higher than the national average.
Longboat Key ranks as the #453 cheapest in Florida out of 459.
Longboat Key ranks as the #6,127 cheapest out of 6,489 in the US.
The median home value in Longboat Key is $960,832.
The median income in Longboat Key is $143,365.
Table Of Contents
Longboat Key's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Longboat Key, FL?
According to the most recent data on the cost of living, Longboat Key has an overall cost of living index of 174, which is 1.7x higher than the national index of 100.
Compared to Florida, Longboat Key has a cost of living index that's 1.8x higher than Florida's index of 97.
The standard of living in Longboat Key ranks as #453 most affordable out of the 459 places we measured in Florida. By definition, that implies Longboat Key ranks as the #6 most expensive place in the Sunshine State.
For more reading on life in Longboat Key, check out:
In Florida
In America
Longboat Key Cost Of Living Vs. Florida
Six factors go into calculating the cost of living index in Longboat Key. Here is how it fairs on each of the criteria:
The Services index in Longboat Key is 101.
The Groceries index in Longboat Key is 99.
The Health index in Longboat Key is 101.
The Housing index in Longboat Key is 342.
The Transportation index in Longboat Key is 95.
The Utilities index in Longboat Key is 100.
| Living Expense | Longboat Key | Florida | National Average | |
|---|---|---|---|---|
| Overall | 174 | 97 | 100 | |
| Services | 101 | 96 | 100 | |
| Groceries | 99 | 99 | 100 | |
| Health | 101 | 98 | 100 | |
| Housing | 342 | 96 | 100 | |
| Transportation | 95 | 97 | 100 | |
| Utilities | 100 | 95 | 100 | |
Longboat Key, 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 2019-2023. The key points are:
The Median Home Value in Longboat Key is $960,832.
The Median Rent in Longboat Key is $2,969.
The Median Income in Longboat Key is $143,365.
The Home Value To Income in Longboat Key is 6.7x.
The Rent To Monthly Income in Longboat Key is 0.25x.
| Statistic | Longboat Key | Florida | United States |
|---|---|---|---|
| Median Home Value | $960,832 | $377,066 | $303,400 |
| Median Rent | $2,969 | $1,564 | $1,348 |
| Median Income | $143,365 | $71,711 | $78,538 |
| Home Value To Income | 6.7x | 5.3x | 3.9x |
| Rent To Monthly Income | 0.25x | 0.26x | 0.21x |
Median Home Value
Median Rent
Median Income
Longboat Key, FL Costs By Category
Detailed Longboat Key Services Costs Vs. Florida
| Item | Longboat Key | Florida |
|---|---|---|
| Shampoo | $1.36 | $1.28 |
| Movie | $13.08 | $12.13 |
| Bowling | $16.72 | $18 |
| Haircut | $26.28 | $24.26 |
| Beauty Salon | $41.57 | $45.56 |
Detailed Longboat Key Groceries Costs Vs. Florida
| Item | Longboat Key | Florida |
|---|---|---|
| Ground Beef | $5.02 | $5.84 |
| Fried Chicken | $1.48 | $1.57 |
| Milk | $4.54 | $4.67 |
| Potatoes | $5.47 | $4.93 |
| Pizza | $10.96 | $12.09 |
| Beer | $10.58 | $10.41 |
| Toothpaste | $3.67 | $3.7 |
Detailed Longboat Key Health Costs Vs. Florida
| Item | Longboat Key | Florida |
|---|---|---|
| Optometrist | $104.04 | $125.68 |
| Doctor | $122.85 | $135.78 |
| Dentist | $112.75 | $113.29 |
Detailed Longboat Key Transportation Costs Vs. Florida
| Item | Longboat Key | Florida |
|---|---|---|
| Gasoline | $3.56 | $3.46 |
| Tire Balancing | $63.29 | $59.92 |
Detailed Longboat Key Utilities Costs Vs. Florida
| Item | Longboat Key | Florida |
|---|---|---|
| All Electricity | $149.04 | $193.99 |
| Phone | $193.01 | $192.25 |
Longboat Key SnackAbility
/10
Cost Of Living In Cities Around Longboat Key
The cost of living varies in the cities and towns around Longboat Key. Here's a quick look at the cost of living in the most populous nearby places:
Bradenton, FL has a cost of living index of 104, 0.6x Longboat Key.
Sarasota, FL has a cost of living index of 115, 0.7x Longboat Key.
South Bradenton, FL has a cost of living index of 88, 0.5x Longboat Key.
| City | Population | Cost Of Living | Vs. Longboat Key |
|---|---|---|---|
| Bradenton, FL | 56,289 | 104 | 0.6x |
| Sarasota, FL | 56,218 | 115 | 0.7x |
| South Bradenton, FL | 25,585 | 88 | 0.5x |
| Bayshore Gardens, FL | 18,324 | 93 | 0.5x |
| Fruitville, FL | 15,828 | 118 | 0.7x |
| Palmetto, FL | 13,449 | 99 | 0.6x |
| Sarasota Springs, FL | 12,669 | 110 | 0.6x |
| West Samoset, FL | 7,273 | 93 | 0.5x |
| Whitfield, PA | 5,346 | 110 | 0.6x |
| Cortez, FL | 5,323 | 122 | 0.7x |
