Housing costs in Key West?
A typical home costs
$901,500, which is 166.6% more expensive than the national average of
$338,100 and 148.8% more expensive than the average Florida home, at
$362,400. Renting a two-bedroom unit in Key West costs
$2,020 per month, which is 41.3% more than the national average of
$1,430 and 22.8% more than the state average of
$1,560.
Can I afford Key West?
To live comfortably in Key West Flor Metro Area, Florida, a minimum annual income of
$172,800 for a family, and
$64,000 for a single person is recommended.
What does A.I. say about Key West?
The cost of living in the Key West, FL Metro Area is significantly higher than the US average. According to data, the Cost of Living in Key West, FL Metro Area is 147.9 compared to a US average of 100. This high cost of living is likely due to the area's expensive housing market, with median house values in the area estimated at $901500 compared to the US average of $338100. As a result, many people have to prepare for higher expenses when considering relocation to this part of Florida.