Key Biscayne, FL is a beautiful island city located just off the coast of Miami, Florida. It is home to many high-end resorts, residential communities, and recreational areas. The 2 bedroom rent in Key Biscayne is significantly higher than the US average at $2,920 versus $1,430. Grocery Cost Index is also higher at 120 versus 100 in the US. Local companies include restaurants serving delicious seafood and Cuban cuisine as well as luxury hotels like The Ritz-Carlton Key Biscayne, Miami. There are plenty of activities to do in Key Biscayne such as relaxing on one of its pristine beaches or visiting the Bill Baggs Cape Florida State Park which features stunning views and numerous outdoor activities such as biking and kayaking.
Key Biscayne has an unemployment rate of 8.2%. The US average is 6.0%.
Key Biscayne has seen the job market increase by 0.8% over the last year. Future job growth over the next ten years is predicted to be 38.0%, which is higher than the US average of 33.5%.
Tax Rates for Key Biscayne
- The Sales Tax Rate for Key Biscayne is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Key Biscayne 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 Biscayne
- The average income of a Key Biscayne resident is $76,709 a year. The US average is $28,555 a year.
- The Median household income of a Key Biscayne resident is $167,990 a year. The US average is $69,021 a year.