Key Colony Beach, FL is a beautiful destination for vacationers and residents alike. With its stunning beaches and breathtaking views, it's no wonder why so many people choose this paradise as their home. The cost of living in Key Colony Beach is higher than the US average, with the median two bedroom rent being $3,960 compared to only $1430 in the US. Additionally, groceries are more expensive due to the Grocery Cost Index being 112 versus 100 in the US. Despite these costs, Key Colony Beach remains an attractive option due to its natural beauty and local businesses that offer goods and services at competitive prices. Popular companies in this area include Keys Fisheries Market & Marina, which offers fresh seafood, as well as All Keys Property Management, specializing in vacation rentals and long-term housing solutions.
Key Colony Beach has an unemployment rate of 3.3%. The US average is 6.0%.
Key Colony Beach 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 Key Colony Beach
- The Sales Tax Rate for Key Colony Beach is 7.5%. The US average is 7.3%.
- The Income Tax Rate for Key Colony Beach 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 Colony Beach
- The average income of a Key Colony Beach resident is $74,578 a year. The US average is $28,555 a year.
- The Median household income of a Key Colony Beach resident is $94,485 a year. The US average is $69,021 a year.