Key Largo, FL is a beautiful city located in Monroe County, Florida. This island city is known for its stunning beaches and vibrant coastal culture. Rent for a two bedroom apartment in Key Largo is significantly higher than the national average of $1,430. At $3,870 per month it is more than double the cost of a 2-bedroom rental in other parts of the United States. There are plenty of local businesses offering services to the community such as grocery stores, restaurants, shops and more. The Grocery Cost Index in Key Largo is 114 which means that items cost 14% more than those in other parts of the US. Despite this increased cost of living, many people choose to live in Key Largo due to its tropical climate and unique lifestyle offerings.
Key Largo has an unemployment rate of 3.3%. The US average is 6.0%.
Key Largo has seen the job market decrease by -7.2% over the last year. Future job growth over the next ten years is predicted to be 9.7%, which is lower than the US average of 33.5%.
Tax Rates for Key Largo
- The Sales Tax Rate for Key Largo is 7.5%. The US average is 7.3%.
- The Income Tax Rate for Key Largo is 0.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Key Largo
- The average income of a Key Largo resident is $34,413 a year. The US average is $28,555 a year.
- The Median household income of a Key Largo resident is $66,463 a year. The US average is $69,021 a year.