Housing costs in Longboat Key?
A typical home costs
$1,093,400, which is 223.4% more expensive than the national average of
$338,100 and 201.7% more expensive than the average Florida home, at
$362,400. Renting a two-bedroom unit in Longboat Key costs
$2,440 per month, which is 56.4% more than the national average of
$1,560 and 34.8% more than the state average of
$1,590.
Can I afford Longboat Key?
To live comfortably in Longboat Key (zip 34228), Florida, a minimum annual income of
$209,520 for a family, and
$78,400 for a single person is recommended.
What does A.I. say about Longboat Key?
The cost of living in 34228 Longboat Key, FL is slightly higher than the United States average. Although the median household income is over $100,000, housing costs are also higher than the national average. The median value for a home in this area is just under $900,000 which is more than twice the national median. A variety of factors contribute to the high cost of living here such as limited land availability and a large number of luxury homes and amenities. Residents can expect to pay more for groceries, healthcare, transportation, and entertainment when compared with other areas in the United States. However, those who choose to live in 34228 Longboat Key, FL benefit from proximity to award-winning beaches and year-round sunshine as well as access to some of Florida's best restaurants and shopping opportunities.