Cost of Living in Key West, FL
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
178.6
100 = national avg
+78.6 vs national average
Living Wage (1 Adult)
$78,592
per year
Living Wage (Family of 4)
$185,763
per year
Cost Index by Category
Housing288.4
Food110.0
Transportation120.0
Healthcare108.0
Utilities143.7
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$2,211
per month
2 Bedroom
$2,504
per month
The overall cost of living index in Key West is 178.6, which is 78.6% above the national average. Housing costs are above the national average at an index of 288.4. A single adult needs to earn approximately $78,592 per year to cover basic expenses.