Cost of Living in Key Largo, FL

Get crime, demographics and other data for any address in Key Largo, FL
F
41%
Overall NAT. AVG.
6%
Goods & Services NAT. AVG.
127%
Housing NAT. AVG.
Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.
The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index Key Largo Florida National
Cost of living14198100
Goods & Services10698100
Groceries10499100
Health care9696100
Housing22796100
Transportation10399100
Utilities10397100
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Cost Of Living Quick Facts

  • The cost of living in Key Largo is 44% higher than the Florida average
  • The cost of living in Key Largo is 41% higher than the national average
  • Key Largo housing is 127% higher than the national average
  • Florida general sales tax is 18% higher than the national average
  • Florida state income tax is 100% lower than the national average

Most Affordable Places to Live in and Around Key Largo

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Compare Key Largo, FL Cost of Living

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      Salary Calculator

          This is how much you would need to earn in
          Price difference in compared to
          Cost of living index
          Goods & Services index
          Groceries index
          Health care index
          Housing index
          Transportation index
          Utilities index

          Median Income & Debt-To-Income Ratio

          Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
          Owners$75,274$6,273$1,756$2,258
          Renters$56,786$4,732$1,325$1,704
          The affordability of the housing market in Key Largo, FL as well as the overall cost of living can be predicted by what percent of the monthly income is spent on housing related costs. This is konwn as the debt-to-income ratio (DTI). The overall rule of thumb is that no more than 28% of your gross income should be spent on the overall costs related to housing and no more than 36% of gross income on all expenses and debts. Among Key Largo homeowners, the median income is $75,274. This indicates that a monthly maximum of $1,756 should be spent by homeowners on all housing related costs. Renters have a median income of $56,786. This indicates that renters would have a maximum of $1,325 for their rent related monthly costs.

          Florida Sales Tax

          State General Sales Tax With Max Surtax
          Florida 6% 7.5%

          Florida Income Tax

          State Income Tax (Low) Income Tax (High)
          Florida 0% 0%

          Goods & Services

          Item Key Largo National avg. Difference
          Haircut $20.53$24.2615.4%
          Beauty Salon $88.07$45.5693.3%
          Toothpaste $3.51$3.705.2%
          Shampoo $1.53$1.2819.7%
          Movie $14.35$12.1318.2%
          Bowling $23.67$18.0031.5%

          Groceries

          Item Key Largo National avg. Difference
          Ground Beef $6.11$5.844.6%
          Fried Chicken $1.40$1.5711.2%
          Milk $4.60$4.671.5%
          Potatoes $5.24$4.936.2%
          Pizza $14.13$12.0916.9%
          Beer $11.44$10.419.9%

          Health Care

          Item Key Largo National avg. Difference
          Optometrist $98.49$125.6821.6%
          Doctor $127.08$135.786.4%
          Dentist $107.83$113.294.8%
          Ibuprofen $11.10$10.654.2%
          Lipitor $490.35$468.604.6%

          Housing

          Item Key Largo National avg. Difference
          Home Price $457,800.00$184,700.00147.9%
          Avg. Mortgage Payment $3,109.00$2,346.6932.5%
          Apartment Rent $1,686.00$949.0077.7%

          Transportation

          Item Key Largo National avg. Difference
          Gasoline $3.49$3.460.8%
          Tire Balancing $64.09$59.927.0%

          Utilities

          Item Key Largo National avg. Difference
          All Electricity $200.94$193.993.6%
          Phone $194.37$192.251.1%
          Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

          Nearby cities with low cost of living

          City Population Cost of Living Index National Avg.
          Tavernier, FL1,98014746.8%
          Islamorada, Village of Islands, FL6,38417069.7%
          North Key Largo, FL884320219.6%
          Key Largo, FL9,67014140.9%

          Cities with similar population

          City Population Cost of Living Index National Avg.
          Hope, AR9,6688416.3%
          Hamburg, NY9,672964.3%
          Loudoun Valley Estates, VA9,67316969.0%
          Wapakoneta, OH9,662946.4%
          Farnham, QC9,662n/a 
          Key Largo, FL9,67014140.9%
          Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.
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