Cost of Living in Key Largo, FL
Population 12,069 · Florida · Data vintage 2023
(100 = US avg)
Key Largo's housing market carries a clear premium over the US median: $626,000 for a typical home, about 105% above the national figure.
Geographically, Key Largo is about 45 miles south of Miami, the nearest large metro. Median home values run roughly 32% higher than Miami's $475,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Key Largo
The median home value in Key Largo is $626,300 — 105% above the national median of $305,000. Median rent runs $1,889/month, 44% higher than the national median of $1,314/month. The median household income of $78,906/year is 6% higher than the US median of $74,580. The local unemployment rate is 4.7%, below the national average of 4.8%. Florida charges no state income tax, a meaningful advantage for take-home pay. Overall, Key Largo has a cost of living index of 181 versus the US average of 100, meaning it is 81% more expensive.
🏠 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 Key Largo, FL?
Key Largo has a cost index of 181 (100 = national average). It is 81% above the national average.
What is average rent in Key Largo, FL?
The median gross rent in Key Largo is $1,889 per month based on 2023 Census data.
What is the average home price in Key Largo?
The median home value in Key Largo is $626,300 according to Zillow and Census data.
What is the median income in Key Largo?
The median household income in Key Largo is $78,906 per year (2023 ACS 5-year estimates).
What is the sales tax in Key Largo, FL?
The combined state and local sales tax rate in Key Largo is 7.0%. Florida has no state income tax.
Is Key Largo, FL affordable?
Key Largo is above average in cost of living, with an index of 181 — about 81% higher than the national average.
Key Largo at a Glance
- Population
- 12,069
- Median Income
- $78,906
- Home Value
- $626,300
- Median Rent
- $1,889/mo
- Unemployment
- 4.7%
- Sales Tax
- 7.0%
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