Cost of Living in Islamorada, Village of Islands, FL
Population 7,042 · Florida · Data vintage 2023
(100 = US avg)
Housing in Islamorada, Village of Islands sits 189% above the national median — $880,000 for the typical home — but median household incomes near $95,212 (28% above the US figure) soften the blow that similar pricing creates in lower-wage metros. An unemployment rate of 0.0% points to a labor market well on the tight side of the national distribution.
Islamorada, Village of Islands is about 60 miles southwest of Miami, the nearest large metro — close enough that regional housing and labor patterns are shaped largely by the larger market. Median home values run roughly 85% higher than Miami's $475,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Islamorada, Village of Islands
The median home value in Islamorada, Village of Islands is $880,200 — 189% above the national median of $305,000. Median rent runs $1,856/month, 41% higher than the national median of $1,314/month. The median household income of $95,212/year is 28% higher than the US median of $74,580. The local unemployment rate is 0.0%, below the national average of 4.8%. Florida charges no state income tax, a meaningful advantage for take-home pay. Overall, Islamorada, Village of Islands has a cost of living index of 230 versus the US average of 100, meaning it is 130% more expensive.
Islamorada, Village of Islands 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 Islamorada, Village of Islands, FL?
Islamorada, Village of Islands has a cost index of 230 (100 = national average). It is 130% above the national average.
What is average rent in Islamorada, Village of Islands, FL?
The median gross rent in Islamorada, Village of Islands is $1,856 per month based on 2023 Census data.
What is the average home price in Islamorada, Village of Islands?
The median home value in Islamorada, Village of Islands is $880,200 according to 2023 Census ACS data.
What is the median income in Islamorada, Village of Islands?
The median household income in Islamorada, Village of Islands is $95,212 per year (2023 ACS 5-year estimates).
What is the sales tax in Islamorada, Village of Islands, FL?
The combined state and local sales tax rate in Islamorada, Village of Islands is 7.0%. Florida has no state income tax.
Is Islamorada, Village of Islands, FL affordable?
Islamorada, Village of Islands is above average in cost of living, with an index of 230 — about 130% higher than the national average.
Islamorada, Village of Islands at a Glance
- Population
- 7,042
- Median Income
- $95,212
- Home Value
- $880,200
- Median Rent
- $1,856/mo
- Unemployment
- 0.0%
- Sales Tax
- 7.0%
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