Key Biscayne, FL, has a higher cost of living compared to the nationwide average. The overall cost of living index in Key Biscayne is 128, which is 28% higher than the national average of 100. Housing costs are notably higher, with an index of 177, indicating a significant premium for residents. Groceries, utilities, transportation, healthcare, and miscellaneous expenses also exceed the national average, though to a lesser extent.
Key Biscayne, Florida, has a higher cost of living compared to the nationwide average. The housing index in Key Biscayne stands at 177, which is 77% higher than the national average of 100. This significant increase suggests that housing costs are notably higher in Key Biscayne, making it a more expensive place to live in terms of real estate.
Other expenses also reflect higher costs in Key Biscayne. For instance, groceries have a cost of living index of 120, which is 20% above the national average. Utilities, while slightly above the average at 104, show a modest 4% increase. Transportation costs are also higher, with an index of 111, indicating an 11% rise. Healthcare costs are relatively lower, with an index of 97, showing a 3% decrease compared to the average. Miscellaneous expenses also reflect higher costs, with an index of 135, representing a 35% increase. Overall, Key Biscayne presents a higher cost of living in most categories compared to the national average.
