What Is The Key West Cost Of Living

KEY WEST, Fla. - July 18, 2022 - PRLog -- Per Gary McAdams, second-generation Florida Realtor since 2001.Your guild to everything Real Estate.

People are pleasantly surprised to find out that Key West is more affordable than they think. The Key West cost of living can easily be broken down into six broad categories: transportation, utilities, miscellaneous, food, healthcare, and housing. Using a baseline score of 100 to serve as the national average, we can see just how these categories break down in the cost of living in Key West. Anything below 100 is less expensive in key west, while anything above costs more than the national average. Here's how the cost of living in Key West breaks down across those six aforementioned categories:

1. Transportation.  The cost of getting around Key West comes in at a score of 69 out of 100, meaning that it's less expensive to get from place to place. This is largely due to the fact that quite a bit of people bike because the weather is so pleasant so many days out of the year. Additionally, in areas like old town, walking is also an option.
2. Utilities.  A sizable percentage of residents here only really need to cool their homes for a few months of the year. Otherwise, they generally leave the windows open and enjoy the island breeze, which is why utilities in Key West come in at a score of 98, making that particular cost less expensive than on the mainland.
3. Miscellaneous.  Everyone has to pay for odds and ends, and in key west, miscellaneous costs are only slightly above the national average, with a score of 107.
4. Food, Groceries.  Key West scores 114, making it only a tad bit more costly to buy food here. In fact, this is actually comparable to many parts of the country, particularly the Northeast and on the west coast of the country.
5. Healthcare.  The cost of healthcare in Key West earns a score of 145, making it just a bit more pricey than it is on the mainland peninsula, which is only a couple of hours away.

Last but not least, housing scores 274, with the median home cost being $752,400, compared to the national average of $292,000.

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