Housing costs in Key Biscayne?
A typical home costs
$1,520,300, which is 349.7% more expensive than the national average of
$338,100 and 319.5% more expensive than the average Florida home, at
$362,400. Renting a two-bedroom unit in Key Biscayne costs
$2,920 per month, which is 104.2% more than the national average of
$1,430 and 46.6% more than the state average of
$1,560.
Can I afford Key Biscayne?
To live comfortably in Key Biscayne, Florida, a minimum annual income of
$291,240 for a family, and
$94,000 for a single person is recommended.
What does A.I. say about Key Biscayne?
The cost of living in Key Biscayne, FL is generally quite high. Housing prices are significantly above the national average, and the median home price is almost double the national median. The cost of groceries and goods is also quite inflated compared to other cities in Florida. Utilities costs are also relatively high, but this is offset by a low sales tax rate. Overall, it can be expensive to live in Key Biscayne, but many people find that it's worth it for the beautiful views and easy access to nearby cities and attractions.