Big Coppitt Key, FL is a small island community located in Monroe County, Florida. The town has a population of around 2,500 people and mostly consists of retirees and vacationers. The cost of living in Big Coppitt Key is quite high due to the inflated rent prices. 2-bedroom rental costs are around $3,860 compared to the US average of $1,430. Additionally, the Grocery Cost Index in Big Coppitt Key is 115 compared to 100 in the US.
Despite the high cost of living, Big Coppitt Key remains an attractive destination for many tourists and visitors. Tourists often visit the island's pristine beaches or venture to local attractions such as Dolphin Research Center, John Pennekamp Coral Reef State Park or Curry Hammock State Park. Locals often enjoy fishing in the nearby waters or shopping at one of the numerous boutiques scattered around town. Major local companies include Marina Del Mar Resort & Marina and Captain Hook’s Marina & Dive Center offering excellent deep sea fishing trips for visitors looking to explore some of Florida’s most beautiful underwater landscapes. Recently, Big Coppitt Key has implemented various initiatives to reduce plastic waste on their beaches with hopes of preserving their natural environment for future generations to enjoy.
Big Coppitt Key has an unemployment rate of 3.3%. The US average is 6.0%.
Big Coppitt Key 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 Big Coppitt Key
- The Sales Tax Rate for Big Coppitt Key is 7.5%. The US average is 7.3%.
- The Income Tax Rate for Big Coppitt 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 Big Coppitt Key
- The average income of a Big Coppitt Key resident is $29,306 a year. The US average is $28,555 a year.
- The Median household income of a Big Coppitt Key resident is $98,750 a year. The US average is $69,021 a year.