Middle Keys Cost Of Living 2023

The Middle Keys, a small group of islands located in the Florida Keys, is known for their beautiful beaches, crystal clear waters, and laid-back lifestyle.
By: Sotheby’s International Real Estate
 
ISLAMORADA, Fla. - Feb. 6, 2023 - PRLog -- Per Kim Bagnell Thaler, "Top Producing Real Estate agent for Sotheby's International in Islamorada Florida."

First, let's take a look at food costs. According to the latest statistics, the average monthly budget percentage for food in the Middle Keys is 13.5%, compared to the state of Florida's average of 12.5% and the national average of 12.9%. This means that on average, residents of the Middle Keys spend slightly more on food than the average Floridian or American.

Next, let's look at utilities. The average monthly budget percentage for utilities in the Middle Keys is 6.5%, compared to the state of Florida's average of 5.9% and the national average of 5.6%. This means that residents of the Middle Keys spend slightly more on utilities than the average Floridian or American.

Transportation costs in the Middle Keys are similar to the state of Florida's average of 9.4% and the national average of 9.4%. Meanwhile, healthcare costs in the Middle Keys are higher than the state of Florida's average of 5.2% and the national average of 5.7%, being 6.1%.

Miscellaneous costs in the Middle Keys are higher than the state of Florida's average of 8.5% and the national average of 8.5%. But, the monthly budget percentage for miscellaneous costs in the Middle Keys is 9.4%. So, in real dollar numbers, not much of a difference.

Finally, let's take a glance at housing costs. The average monthly budget percentage for housing in the Middle Keys is 42.9%, compared to the state of Florida's average of 31.2% and the national average of 33.6%. However, being located in a tropical paradise with plenty of recreational activities and delightful weather fully make it worthwhile.

In conclusion, the cost of living in the Middle Keys can be a bit higher, especially when it comes to housing costs. Food, utilities, transportation, health care, and miscellaneous costs are also slightly more in the Middle Keys than in the state of Florida and national averages. However, the beautiful beaches and laid-back lifestyle of the Middle Keys may make it worth the extra cost for many residents.

Kim Bagnell Thaler is a pioneer among Florida Keys realtors. She is regarded as one of the most influential realtors in the Middle and Upper Keys, providing expert & professional real estate services. With her vast knowledge, 25 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

Contact
Kim Bagnell Thaler
***@oceansir.com
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Source:Sotheby’s International Real Estate
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Tags:Upper Keys Real Estate
Industry:Real Estate
Location:Islamorada - Florida - United States
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