Thinking about moving to the Florida Keys? Paradise living is unforgettable — but it comes with a price tag. From housing and insurance to everyday groceries, the cost of living here is higher than the national average. The good news? With the right planning, you can enjoy island life without surprises.

Here’s a breakdown of what to expect in 2025.

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🏡 Housing Costs

Housing is the biggest factor in the Keys’ cost of living. Prices vary by island — Key Largo and Marathon often have more options under $1M, while Key West and waterfront properties carry premium prices.

• Median home price (2025): Around $950,000 across the Keys, with Key West typically higher.
• Rentals: Expect to pay $2,500–$6,000/month for a long-term rental, depending on size and location.

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🌀 Insurance Expenses

Because of our coastal location, homeowners must factor in flood, windstorm, and hurricane insurance.

• Flood insurance can range from $1,000 to $7,000+/year depending on elevation and flood zone.
• Windstorm coverage adds another layer of cost, especially for older homes.
• Tip: Elevated homes and newer builds often save on premiums.

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💡 Utilities

Utilities run higher here than in many mainland markets.

• Electricity: $150–$400/month (higher if running AC year-round).
• Water & Sewer: $100–$200/month depending on household size.
• Internet: Around $75–$120/month.

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🛒 Groceries & Dining

Most goods are shipped down US-1, which adds cost.

• Groceries average 15–25% higher than mainland Florida.
• Dining out is part of the Keys lifestyle — expect island pricing: $20–$50 per person for casual meals, more for fine dining.

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🚗 Transportation

You won’t be racking up big-city commuting costs, but car ownership is still a factor.

• Gas averages higher than the national price (around $0.30–$0.50 more per gallon).

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🎣 Lifestyle & Recreation

From fishing charters to paddleboard rentals, the Keys lifestyle comes with unique perks. Many residents invest in a boat or pay for marina slips, which can run anywhere from $400–$1,000+/month.

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Is It Worth It?

The cost of living in the Florida Keys is undeniably higher than much of the U.S. — but so is the quality of life. With turquoise water outside your door, a vibrant community, and a slower pace of living, many find the trade-off more than worth it.

👉 Ready to explore living in the Keys? Contact us today — we’ll help you find the home and neighborhood that fit your lifestyle and budget