Key Biscayne, FL, has a higher cost of living compared to the nationwide average. The cost of living index in Key Biscayne stands at 120, which is 20% higher than the average of 100. Housing costs are notably elevated, with an index of 220, indicating a significant premium. Other categories like groceries, utilities, and miscellaneous expenses also exceed the national average, contributing to the overall higher cost of living in this area.
Key Biscayne, Florida, has a higher cost of living compared to the nationwide average. Housing costs in Key Biscayne are notably higher, with an index of 220. This means housing expenses are 120% higher than the average. For job seekers considering this area, it is important to budget significantly more for housing.
Other expenses in Key Biscayne also exceed the national average. Groceries have an index of 115, which is 15% higher. Utilities are 20% higher, with an index of 120. Transportation costs are slightly above average, at 105, which is 5% higher. Healthcare costs are lower, with an index of 95, which is 5% below the average. Miscellaneous expenses are 10% higher, with an index of 110. Overall, Key Biscayne presents a higher cost of living in most categories, which is crucial for job seekers to consider.
