What Is Key Largo Cost Of Living

Being in such a highly desired location, people wrongly believe they will never be able to afford the island lifestyle. But, it is within reach and not nearly as costly as most families and couples think.
By: Sotheby’s International Real Estate
 
ISLAMORADA, Fla. - July 11, 2022 - PRLog -- Per Kim Bagnell Thaler, "Top Producing Real Estate agent for Sotheby's International in Islamorada Florida."

The Key Largo cost of living isn't all that different from other countries. To get an accurate idea of what it costs to live in Key Largo, let's look at six categories and how they stack up against the national average. For comparison, a score of 100 will serve as the national average baseline. So, anything over is more expensive and anything under is less expensive:
  1. Transportation.  Getting around Key Largo and from here to there is less expensive in Key Largo, which earns a score of 91, compared to 100 at the national average. This is because many people bike and it's a small community, making biking and walking easy.
  2. Utilities.  The cost of electricity, water, and other utilities in Key Largo comes in with a score of 97, which is below the national average. So, it's less expensive to keep a house cool in the summer than it is around the country.
  3. Miscellaneous.  For those odds and ends, which can really add up over time, the cost of miscellaneous items in Key Largo earns a score of 107, just slightly over the national average.
  4. Groceries.  The cost of food is a tad higher in Key Largo, but that's understandable, given it's an island and not on the mainland Florida peninsula. The cost of groceries in Key Largo scores 114. So, food is a little more costly, but not by much more than the national average.
  5. Healthcare.  The cost of healthcare in Key Largo earns a score of 145. But, Miami is just about an hour away and healthcare is more affordable by going off the island.

Finally, housing is the most expensive category, scoring 278, with a median home cost of $748,400 in Key Largo, while the national average stands at $291,700. This is the most expensive line item in the cost of living. Though, an expected one, because of its idyllic location.

Kim Bagnell Thaler is a pioneer among Florida Keys realtors. Regarded as one of the most influential realtors in the middle and upper keys, she provides expert and professional real estate service. With her vast knowledge, 20 years of experience, and commitment to the highest ethical standards, Kim remains a standout among other Florida Keys Real Estate  Agents.
For help finding Florida Keys Real Estate, please see http://www.kimbagnell.com

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Source:Sotheby’s International Real Estate
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Tags:Upper, Middle Keys Realtor
Industry:Real Estate
Location:Islamorada - Florida - United States
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