Islamorada Key Cost Of Living 2023

Islamorada, located in the Florida Keys, is a popular tourist destination known for its beautiful beaches, clear waters, & fishing opportunities. However, with its popularity comes a higher cost of living.
By: Coldwell Banker Schmitt Real Estate
ISLAMORADA, Fla. - Feb. 7, 2023 - PRLog -- Per Jan Keller, Top Producing Real Estate Agent for Coldwell Banker Schmitt Real Estate, and owner of "Everything about Real Estate in Islamorada and the Upper FL Keys."

If we use a 100-point scoring index to put things in perspective and context, with anything above 100 being more expensive and anything under being less expensive. So, on a 100-point index, the cost of living in Islamorada in 2023 can be broken down as follows across six categories:
  1. Food:  The cost of food in Islamorada is higher than the state and national averages. Fresh seafood, a staple in the area, can be a tad more expensive, and the limited selection of grocery stores in the area also drives up prices.
  2. Utilities:  Utility costs in Islamorada are slightly higher than the state and national averages. This is partly due to the fact that many homes in the area rely on necessary technologies like reverse osmosis systems to provide clean drinking water.
  3. Transportation:  Transportation costs in Islamorada are high due to the island's remote location. There is limited public transportation, and the only way to access the island is by car or boat, which can be costly over time. Although, a good number of residents bike around because of the temperate weather.
  4. Health Care:  Healthcare costs in Islamorada are lower than the state and national averages. This is likely due to the relatively small population of the area and the availability of health clinics and hospitals on the mainland (which is only a short drive away).
  5. Miscellaneous:  Miscellaneous costs, such as clothing and entertainment, are higher in Islamorada than the state and national averages. This is partly due to the area's high tourist population and associated costs. Additionally, because this is an island, which means it costs more to bring products in from the mainland and across the country and world.
  6. Housing:  Housing costs in Islamorada are significantly higher than the state and national averages. This is due to the high demand for property in the area and the limited availability of land, which drives up prices.

Overall, the cost of living in Islamorada is higher than the state and national averages, particularly in the areas of food, transportation, and housing. However, the area's natural beauty and unique lifestyle make it an attractive destination for many, despite the higher costs.

For More Information About Islamorada Luxury Homes For Sale In The Upper Florida Keys.
Please Contact Jan at Or Call   305-664-7069

Jan Keller 
Source:Coldwell Banker Schmitt Real Estate
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Tags:Islamorada Luxury Real Estate
Industry:Real Estate
Location:Islamorada - Florida - United States
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