The Cost Of Living On Cudjoe Key

BIG PINE KEY, Fla. - Oct. 13, 2022 - PRLog -- Per Diane Corliss, A leading Realtor in the Lower Florida Keys, with the #1 Real Estate Co. in the Florida Keys.

The overall cost of living in Cudjoe Key Florida might just surprise anyone who's seen it for the first time, particularly when broken down into expense categories.

The Cudjoe Key cost of living can be quantified simply by breaking down everyday living costs into six categories: transportation, utilities, miscellaneous, food, healthcare, and housing. When all of these are measured and averaged out, you'll probably be pleasantly surprised by what you see. Using a baseline score of 100 as the national average, anything above is more expensive, while anything below is less expensive. Here's how the cost of living breaks down for Cudjoe Key Florida:

1. Transportation.  Getting around the island isn't very expensive at all. This is due to the fact that in Florida keys, walking and bicycles make up a good percentage of getting from place to place. So, this comes in with a score of 97, making it less expensive than the national average.
2. Utilities.  The cost of heating and cooling on Cudjoe Key is also less expensive than the national figure, earning a score of 99, making it less expensive to stay comfortable all year round.
3. Miscellaneous.  The cost of odds and ends on the island is only a tad bit more expensive than on the mainland peninsula, earning a score of 106. But, this is largely due to shipping logistics, since the destination for all goods must be transported to a tropical island.
4. Groceries.  The cost of buying groceries is likewise just a tad bit more, with a score of 114, which actually doesn't equal out to all that much more, particularly for home-cooked meals.
5. Healthcare.  The cost of healthcare on Cudjoe Key is more costly, simply because it is a bit more scarce, earning a score of 145. Most residents will go to the mainland peninsula for their more serious healthcare needs.

Of course, housing is the single largest expense, earning a score of 232, with a median home cost of just over $628,000. Here again, housing is limited due to the finite amount of space on the island, and because it's also located in a tropical paradise.

For help or questions about selling or buying a property in the Lower Keys. Please call Diane at 305-849-0934 or see   diane@dianecorliss.com