Cost of Living in Key biscayne, FL
Housing
The housing market plays a significant role in determining the cost of living in Key biscayne, FL.
- Housing Index: Data is updating
- Median Home Price is: $963,000
- Average Rent (2 BR Apartment): Data is updating
- Average Rent (2 BR House): Data is updating
In analyzing the real estate landscape of Key biscayne, FL, it's clear that the housing market reflects some striking features. With a median home price of 963000, the area may present a barrier for first-time homebuyers. The absence of rental data indicates a potential lack of available rental listings or perhaps a highly competitive rental market, which reflects either a demand for housing or an imbalance in supply. Given these conditions, potential movers should weigh their options carefully, considering not just home buying, but also the prospects of renting in this market.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Key biscayne, FL.
- Electricity Price: $13.89 USD (median by state)
- Natural Gas Price: $26.13 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): Data is updating
Living in Key biscayne, FL could entail higher utility costs. Electricity costs sit at $13.89, while natural gas is priced at $26.13 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about data unavailable monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Key biscayne is a financially viable option for your relocation.