salaryRent here is among the highest 10% in the country. Household incomes are higher than in 93% of U.S. cities. A typical house costs about 6.0 years of household income. Most homes (93.6%) are owned, so rentals can be hard to find. It is a highly educated city: 70.3% of adults have a college degree.
How much money do I need?
To rent here comfortably, you should earn about $140,040 a year. That is $67 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 477 of 479 cities from cheapest to most expensive.
How much do households earn in Longboat Key?
Share of households by yearly income. 58.1% of households earn $100,000 or more.
Rent by apartment size in Longboat Key
| Size | Longboat Key | U.S. average |
|---|---|---|
| 2 bedrooms | $3,500+ | $1,509 |
| 3 bedrooms | $3,500+ | $1,698 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Longboat Key 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 Longboat Key, so the Florida figure is shown.
Taxes and bills in Longboat Key
Life in Longboat Key
Is it cheaper to rent or buy in Longboat Key?
Renting is cheaper right now: about $3,591 a month less.
Owning assumes a typical $1,022,100 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $102,210 for the down payment.
Frequently asked questions
What is the average rent in Longboat Key, FL?
Renting in Longboat Key costs a median of about $3,500+ a month in 2026, including utilities. The Florida median is $1,963.
How much do I need to make to live in Longboat Key?
To keep rent under 30% of income, you need about $140,040 a year, or $67 an hour at a full-time job.
Is Longboat Key cheap or expensive?
Longboat Key is rated OK: rent takes 24.6% of the typical household income of $170,435. It ranks 477th cheapest of 479 Florida cities we track.
How much are property taxes in Longboat Key?
The median homeowner in Longboat Key pays $8,439 a year in property taxes, about 0.83% of the median home value.
Is Longboat Key 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 Longboat Key?
The median home value in Longboat Key is $1,022,100, about 6.0 times the typical yearly household income.
7,539 people live in Longboat Key. Numbers are typical (middle) values.