Longboat Key, FL Cost Of Living

Demographics | Crime | Cost Of Living
Updated: 2023-11-15

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 161, with 100 being the average.

  • The cost of living index in Longboat Key is 1.6x higher than the national average.

  • Longboat Key ranks as the #451 cheapest in Florida out of 459.

  • Longboat Key ranks as the #6,015 cheapest out of 6,412 in the US.

  • The median home value in Longboat Key is $756,500.

  • The median income in Longboat Key is $121,797.

Table Of Contents

  1. Summary
  2. National Comparison
  3. Housing Breakdown
  4. Detailed Pricing
  5. Nearby Comparisons
161
Longboat Key's Overall Cost Of Living
1.6x
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 161, which is 1.6x higher than the national index of 100.

Compared to Florida, Longboat Key has a cost of living index that's 1.6x higher than Florida's index of 101.

The standard of living in Longboat Key ranks as #451 most affordable out of the 459 places we measured in Florida. By definition, that implies Longboat Key ranks as the #8 most expensive place in the Sunshine State.

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

451 out of 459
In Florida
6,015 out of 6,412
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 104.

  • The Groceries index in Longboat Key is 112.

  • The Health index in Longboat Key is 102.

  • The Housing index in Longboat Key is 297.

  • The Transportation index in Longboat Key is 109.

  • The Utilities index in Longboat Key is 87.

Living Expense Longboat Key Florida National Average
Overall 161 101 100
Services 104 98 100
Groceries 112 101 100
Health 102 96 100
Housing 297 108 100
Transportation 109 98 100
Utilities 87 100 100
For more reading on cost of living around Florida, check out:
Longboat Key Cost of Living Vs. FL

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 2017-2021. The key points are:

  • The Median Home Value in Longboat Key is $756,500.

  • The Median Rent in Longboat Key is $2,509.

  • The Median Income in Longboat Key is $121,797.

  • The Home Value To Income in Longboat Key is 6.2x.

  • The Rent To Monthly Income in Longboat Key is 0.25x.

Statistic Longboat Key Florida United States
Median Home Value $756,500 $248,700 $244,900
Median Rent $2,509 $1,301 $1,163
Median Income $121,797 $61,777 $69,021
Home Value To Income 6.2x 4.0x 3.5x
Rent To Monthly Income 0.25x 0.25x 0.2x
Search Homes For Sale In Longboat Key, FL
$756,500
Median Home Value
$2,509
Median Rent
$121,797
Median Income

Longboat Key, FL Costs By Category

Detailed Longboat Key Services Costs Vs. Florida

Item Longboat Key Florida
Shampoo $1.02 $1.06
Movie $8.1 $10.68
Bowling $20.08 $14.67
Haircut $23.81 $18.62
Beauty Salon $51.15 $39.05

Detailed Longboat Key Groceries Costs Vs. Florida

Item Longboat Key Florida
Ground Beef $3.85 $4.22
Fried Chicken $2.11 $1.39
Milk $2.49 $2.05
Potatoes $5.11 $3.29
Pizza $10.51 $10.62
Beer $9.67 $9.38
Toothpaste $2.87 $2.34

Detailed Longboat Key Health Costs Vs. Florida

Item Longboat Key Florida
Optometrist $115.19 $108.57
Doctor $114.5 $116.17
Dentist $102.32 $99.13

Detailed Longboat Key Transportation Costs Vs. Florida

Item Longboat Key Florida
Gasoline $2.1 $2.22
Tire Balancing $67.21 $50.07

Detailed Longboat Key Utilities Costs Vs. Florida

Item Longboat Key Florida
All Electricity $130.57 $167.67
Phone $188.41 $175.64

Longboat Key SnackAbility

10
/10
Overall SnackAbility
Jobs
9/10
Housing
10
Affordability
4
Diversity
4
Safety
8.5
Amenities
8
Education
9.5
Commute
5

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 95, 0.6x Longboat Key.

  • Sarasota, FL has a cost of living index of 103, 0.6x Longboat Key.

  • South Bradenton, FL has a cost of living index of 84, 0.5x Longboat Key.

City Population Cost Of Living Vs. Longboat Key
Bradenton, FL 54,918 95 0.6x
Sarasota, FL 53,786 103 0.6x
South Bradenton, FL 24,972 84 0.5x
Bayshore Gardens, FL 19,720 87 0.5x
Fruitville, FL 14,673 105 0.7x
Palmetto, FL 13,304 95 0.6x
Sarasota Springs, FL 12,366 101 0.6x
West Samoset, FL 6,789 88 0.5x
Cortez, FL 5,365 108 0.7x
Whitfield, PA 5,275 105 0.7x

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