Why is Key West real estate so expensive?

Is Key West real estate expensive?

With 24,118 people, 10,501 houses or apartments, and a median cost of homes of $783,089, Key West house prices are not only among the most expensive in Florida, Key West real estate also is some of the most expensive in all of America.

How do people afford Key West?

So how can you justify moving to Key West on a budget? There are a few options.

  1. Prepare. Make a trip to the mainland for visits to your local Costco or BJ’s and stock up.
  2. Get a roommate. Two roommates could be even better. …
  3. Get a bike. …
  4. When you need supplies locally, avoid Duval Street. …
  5. Don’t live in Key West.

Is it worth living in Key West?

Key West is a beautiful place to live, with amazing weather year-round. The community is tightly knit, and yet very culturally diverse. Living expenses are a bit high, and roads are often busy, but overall, life here in the Keys is a blast! Key west is definitely not family friendly and more for partying.

How much do I need to make to live in Key West?

Consider it this way. The per capita income in Key West is right around $31,000.

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What is the cheapest city in Florida to live in?

The most affordable places to live in Florida are:

  • Kissimmee, Fla.
  • Palm Coast, Fla.
  • Cape Coral, Fla.
  • Palm Bay, Fla.
  • Orlando, Fla.
  • Gainesville, Fla.

What is the cheapest month to visit Key West?

It’s not easy, but it is possible to visit Key West on a budget. The key strategies are: Go during the off season, roughly June to November. (September and November are the cheapest of all.)

What celebrities live in Key West?


  • President Harry S. Truman. …
  • Ernest Hemingway. Hemingway is perhaps Key West’s most famous resident. …
  • Judy Blume. Another famous author to have a home in Key West is Judy Blume. …
  • Jimmy Buffett. Most people don’t realize that Jimmy Buffett got his musical start right here in Key West.

Is Key West Florida Safe?

The crime rate in the Florida Keys is low but you should still use common sense when exploring Key West, especially at night and around hectic Duval Street and Mallory Square. Be cautious if you go into the water as well; be sure to heed all flags and warning from authorities.