Cost of living in Key Largo
Key Largo, located in the beautiful Florida Keys, is known for its stunning beaches and vibrant marine life. Understanding the cost of living in this tropical paradise is crucial for anyone considering a move or extended stay.
This guide provides a detailed breakdown of the expenses you can expect in Key Largo, from dining and groceries to housing and transportation.
Cost of Living Summary
Dining and Restaurants
- Inexpensive Restaurant Meal - A meal at a casual restaurant will typically cost $21 on average, with a range between $15 and $45.
- Mid-Range Restaurant (Three-Course Meal for Two) - For a more upscale dining experience, expect to pay around $35, with prices ranging from $35 to $120.
- Fast Food (e.g., McDonald's) - A McMeal or equivalent combo meal averages $12, with a range between $11 and $15.
- Beverages (e.g., Domestic Beer, Imported Beer, Cappuccino, Coke/Pepsi) - Domestic beer ranges from $4 to $8, imported beer $6 to $10, cappuccino $2.5 to $8, and Coke/Pepsi $2 to $4.
Grocery Prices
- Milk - Milk is priced between $0.92 and $2.64 per liter, averaging $1.25.
- Bread (Loaf of Fresh White Bread) - A loaf of fresh white bread costs between $2.2 and $6.61, with an average price of $4.2.
- Eggs (Dozen) - A dozen eggs range from $2.78 to $7, averaging $4.71.
- Fruits (e.g., Apples, Oranges) - Apples cost $3.28 to $11.02 per kg, while oranges range from $2.2 to $13.23 per kg.
- Vegetables (e.g., Potatoes, Lettuce) - Potatoes are priced between $2.2 and $8.8 per kg, and lettuce costs $1.88 to $3.5 per head.
Transportation
- Fuel (Gasoline) - Gasoline is priced between $0.76 and $1 per liter.
- Car Purchase (e.g., Volkswagen Golf, Toyota Corolla) - A new Volkswagen Golf costs $36,050, while a Toyota Corolla is priced between $25,000 and $28,000.
Housing Costs
- Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child - The cost for private preschool is between $800 and $880 monthly.
- International Primary School, Yearly for 1 Child - Yearly tuition for an international primary school is $40,000.
Utilities
- Basic Utilities (Electricity, Heating, Water, etc.) - Basic utilities for an 85m2 apartment cost between $141.67 and $212.5, averaging $174.59.
- Internet - Internet services range from $60 to $120, with an average cost of $81.25.
Cost of Living Rankings
The cost of living indices for the United States are compared to New York City (NYC), which serves as the baseline with an index of 100. These provide insights into the relative cost of living in different cities in United States, covering factors like consumer goods, rent, and purchasing power.
Cost of Living Data
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"Key Takeaways"
Key Largo offers a unique blend of tropical living with a relatively high cost of living, especially in dining and housing.
While groceries and utilities are moderately priced, transportation costs can vary significantly, particularly for those purchasing a new vehicle.
Potential residents should budget carefully, particularly for dining and housing, to ensure a comfortable lifestyle in this beautiful location.
Conclusion
In conclusion, Key Largo presents a desirable yet costly living environment, characterized by its beautiful scenery and vibrant community.
Prospective residents should weigh the higher costs of dining and housing against the benefits of living in such a picturesque locale.
With careful financial planning, living in Key Largo can be a rewarding experience, offering both relaxation and adventure.