Longboat Key, FL is a stunning beachside community located in the Sunshine State. It is known for its beautiful beaches and luxurious resorts that make it an ideal destination for tourists and families alike. The average rent for a two-bedroom apartment in Longboat Key is $2,330, which is almost double the national average of $1,430. Not only that, but the grocery cost index in Longboat Key is also higher than the national index at 115 versus 100. This makes living in Longboat Key a little more expensive than some other areas. However, many people find that the quality of life and amenities outweigh this additional cost. There are many local businesses to explore such as The Resort at Longboat Key Club, Harry's Continental Kitchens restaurant, and Publix Super Markets for groceries. Residents can enjoy outdoor activities like fishing and boating or just relax on one of the sandy beaches. All these factors combined make Longboat Key an appealing destination!
Longboat Key has an unemployment rate of 4.5%. The US average is 6.0%.
Longboat Key has seen the job market increase by 2.6% over the last year. Future job growth over the next ten years is predicted to be 42.2%, which is higher than the US average of 33.5%.
Tax Rates for Longboat Key
- The Sales Tax Rate for Longboat Key is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Longboat Key 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 Longboat Key
- The average income of a Longboat Key resident is $93,276 a year. The US average is $28,555 a year.
- The Median household income of a Longboat Key resident is $121,797 a year. The US average is $69,021 a year.