salaryRent is higher than in 68% of U.S. cities. A typical house costs about 7.0 years of household income, so buying is hard for most locals. Most homes (76.2%) are owned, so rentals can be hard to find.
How much money do I need?
To rent here comfortably, you should earn about $79,440 a year. That is $38 an hour at a full-time job.
Is rent cheaper than other Florida cities?
No. Rent here is more expensive than in most of Florida. It is number 250 of 479 cities from cheapest to most expensive.
How much do households earn in Key Largo?
Share of households by yearly income. 33.5% of households earn $100,000 or more.
Rent by apartment size in Key Largo
| Size | Key Largo | U.S. average |
|---|---|---|
| 1 bedroom | $1,509 | $1,324 |
| 2 bedrooms | $2,153 | $1,509 |
| 3 bedrooms | $2,098 | $1,698 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Key Largo overall?
Everyday prices in Florida overall are 3% above the U.S. average (index 103.4, U.S. = 100).
Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Key Largo, so the Florida figure is shown.
Taxes and bills in Key Largo
Life in Key Largo
Is it cheaper to rent or buy in Key Largo?
Renting is cheaper right now: about $2,482 a month less.
Owning assumes a typical $643,900 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $64,390 for the down payment.
Frequently asked questions
What is the average rent in Key Largo, FL?
Renting in Key Largo costs a median of about $1,986 a month in 2026, including utilities. The Florida median is $1,963.
How much do I need to make to live in Key Largo?
To keep rent under 30% of income, you need about $79,440 a year, or $38 an hour at a full-time job.
Is Key Largo cheap or expensive?
Key Largo is rated OK: rent takes 25.8% of the typical household income of $92,512. It ranks 250th cheapest of 479 Florida cities we track.
How much are property taxes in Key Largo?
The median homeowner in Key Largo pays $3,150 a year in property taxes, about 0.49% of the median home value.
Is Key Largo more expensive than the national average?
Overall prices in Florida are 3% above the U.S. average, according to the U.S. Bureau of Economic Analysis.
How much does a house cost in Key Largo?
The median home value in Key Largo is $643,900, about 7.0 times the typical yearly household income.
13,026 people live in Key Largo. Numbers are typical (middle) values.