Cost of Living in Big Pine Key, FL
Population 4,584 · Florida · Data vintage 2023
(100 = US avg)
Home prices in Big Pine Key run well above the national baseline, with a median of $562,000, though local incomes keep the cost-to-earnings ratio tighter than in coastal metros with comparable sticker prices. Median household earnings of $92,452 place the city among the better-paid Florida metros. An unemployment rate of 2.1% points to a labor market well on the tight side of the national distribution.
Big Pine Key lies roughly 105 miles southwest of the nearest major metro, Miami — close enough that regional housing and labor patterns are shaped largely by the larger market. Median home values run roughly 18% higher than Miami's $475,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Big Pine Key
The median home value in Big Pine Key is $561,500 — 84% above the national median of $305,000. Median rent runs $2,017/month, 54% higher than the national median of $1,314/month. The median household income of $92,452/year is 24% higher than the US median of $74,580. The local unemployment rate is 2.1%, below the national average of 4.8%. Florida charges no state income tax, a meaningful advantage for take-home pay. Overall, Big Pine Key has a cost of living index of 172 versus the US average of 100, meaning it is 72% more expensive.
Big Pine Key has limited residential data
Detailed housing and income data is limited for this location. Here are the nearest cities with full cost of living data:
🏠 Housing
HUD Fair Market Rents by Bedroom
💰 Estimated Monthly Budget
Estimates based on median data and national averages. Actual costs vary.
🛒 Food & Groceries
National BLS average prices (2023). Local prices may vary.
🚗 Transportation
Commute Mode
⚡ Utilities
📋 Taxes
💼 Income & Employment
🎓 Education
👥 Demographics
Frequently Asked Questions
What is the cost of living in Big Pine Key, FL?
Big Pine Key has a cost index of 172 (100 = national average). It is 72% above the national average.
What is average rent in Big Pine Key, FL?
The median gross rent in Big Pine Key is $2,017 per month based on 2023 Census data.
What is the average home price in Big Pine Key?
The median home value in Big Pine Key is $561,500 according to Zillow and Census data.
What is the median income in Big Pine Key?
The median household income in Big Pine Key is $92,452 per year (2023 ACS 5-year estimates).
What is the sales tax in Big Pine Key, FL?
The combined state and local sales tax rate in Big Pine Key is 7.0%. Florida has no state income tax.
Is Big Pine Key, FL affordable?
Big Pine Key is above average in cost of living, with an index of 172 — about 72% higher than the national average.
Big Pine Key at a Glance
- Population
- 4,584
- Median Income
- $92,452
- Home Value
- $561,500
- Median Rent
- $2,017/mo
- Unemployment
- 2.1%
- Sales Tax
- 7.0%
Nearby Cities
Explore county-level cost of living data
Florida Rankings
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