The cost of living index is based on the composite price of groceries, housing, utilities, transportation, health care, clothing and entertainment.
Cost of living indexes will generally be higher in areas that offer access to beaches, culture, arts and recreation. In addition areas, that offer a wider variety of services such as health and education will run higher due to higher wages, and increased quality of living.
Cost of living indexing explanation
• A figure of 100 points is used as an average both for the USA and Florida. For example:
• Boise Idaho is ranked at a 99
• Boston Mass is rated at 240
• San Francisco at 217
• Orlando Fl is 107.3 and Miami is 116.2
• Statewide, Florida cities come in from a low of 90 and up.
• One way to compare Florida areas to salary requirements
For example-If you were relocating from Portland Oregon (whose rate is 120) to Orlando, and you currently make $50,000 per year, the formula is as follows
• Take the destination index, in this case Orlando-104.2 and divide by Portland’s index-120, then multiply by a salary of $50,000. This will give you a figure of $43,416, which would be required to make in Orlando and have the same quality of life.
The Keys and Monroe county top out the state at an average Cost of Living at 160 plus. (this is due to the home price escalation in the Keys). We only have so much land and the area is heavily regulated as to building permits. The result is that It's not going to get cheaper....A tropical paradise is in the same venue as any resort destination area, be it Martha's Vineyard or Sun Valley.
However compared to other areas nationally and given the amenities of the Keys, it is a great place to live, work and play.
(Population Weighted-State Average=100
2006 Fourth quarter stats per ACCRA and Council for Community Economic Research
Florida Keys and Monroe County Arts
The Keys are made up of small towns and communities. However, due to the strong economy from our tourist base, the Arts are a primary part of our culture. Most weekends bring festivals and street parties throughout the Keys and especially in Key West. Photography of wildlife here is also great.
The Florida Keys Council of the Arts does a great job in supporting Art in the Keys
Also see the Key West Arts and historical society
Music
• The Keys Community Concert Band. Susan Bazin 451-4530.
• Keys Chamber Orchestra. Call Inga-Lisa Wright, 305-744-0508
• The Key West Pops, Inc. - 305 293-7658, P.O. Box 6206
• Note to musicians-There are about a zillion Tiki bars etc, that have live music. The times range from the afternoon through the evening. The pay is generally better than you'll find working in a regular club in the rest of the country. In addition to that most outdoor venues shut their nusic down about 11-so the hours are shorter.
Museums and Culture
• Ernest Hemingway Home & Museum - 305 294-1136, 907 Whitehead St., Key West FL
• Flagler's Station Historeum®-901 Caroline St., 1-305-295-3562.
• Key West East Martello Museum - 305 296-3913, 3501 S. Roosevelt Blvd.
• Key West Lighthouse Museum - 305 294-0012, 938 Whitehead Street
• Key West Museum of Art & History - 305 295-6616
• Key West Shipwreck Historeum - 305 292-8990, 1 Whitehead Street
• Little White House Museum - 305 294-9911
• Lofton B. Sands African Bahamian Museum - 305 293-9692,
• Wrecker's Museum - 322 Duval St., 294-9502.
Theater/dance
• Middle Florida Keys
• Marathon Community Theatre, 5101 O/S Hwy.....305 743-0994
• Key West Theatre
• Island Opera Theatre.....305 296-1520
• Red Barn Theatre, 319 Duval St (Rear).....305 296-9911
• Waterfront Playhouse, Mallory Square.....305 294-5015
Art Galleries/ Visual Arts
• Over 90 galleries throughout the Keys
• Note to Artists; regardless of the medium, ther is a place for you in the Keys. The Keys strongly support resident artists.
Writers groups in all genres (from screenwriting to novels) are spread throughout the Keys. There is definitely a reason so many world class writers and Play-rights have made and do make the Keys their home. Especially Key West.(“Ernest Hemingway” ) The musician and actor community here is strong.
In conclusion, the arts community in the keys is strong and will even grow stronger. If you like the arts and a small community with lots of outdoor opportunities, The Florida Keys could be just your place.
LOCATION, an ocean front ground floor unit, AND CONVENIENCE, from the parking lot through your private patio to your unit, best describes this 2 bedroom, 2 bath unit. Two unique features being offered in this unit are the second bathroom and also the bonus of the private patio which gives you your own outdoor living area. Watch the sunrises and sunsets, find yourself a relaxing spot on the massive grounds and read a book, take a walk on the beach or just open your sliding glass doors to listen to the ocean or feel the ocean breeze. Nicely renovated with Mexican tile floors and fully furnished. Come see today.
A 45' boat slip located at the Galleon Marina, in the heart of downtown Key West and within walking distance to famous Duval Street. You can enjoy shopping, take in all of the wonderful attractions, experience the fine dining and be close enough to enjoy the night life. This location is breakwater shielded and provides engineered docks for maximum protection. The Galleon Marina has hosted the World Championship Power Boat Races, the Clearwater to Key West Yacht Race and others. You'll love the excitement, adventure and the thrill of just being there! Boat slip fees are $645 per month which includes your taxes and the use of all the great amenities The Galleon Resort has to offer. One of the owners is a FL licensed real estate agent.
Our local economy leans towards goods and services for both new residents and tourists.The retail, construction and hotel industries have the most employees in Monroe County.
Business Size
Monroe County is comprised of primarily small businesses.
Since there is no state or local income tax, you take home more.
Employment: The good news. Key West has one of the lowest unemployment rates in the country.
Why? Key West is one of the most popular destination points in the world for Divers, Boaters, Fishermen and people looking to get out of the bad weather and enjoy our water and the unique ambiance of Key West and the neighboring islands
So What. In addition to people flying and driving in, on average we get two to three Cruise ships from all over the world each day. This has spurred a growth which includes more hotels, condos, and restaurants, charters, etc. Obviously all these new startups plus all the existing ones need people.
So. The bad news for an Employer!
Employers have a hard time finding full time or year round employees. Instead they get people looking to work summers or to pay for extended vacations. Now there is nothing wrong with this and in some cases this is what they want however in most cases they would like to find steady year round help and offer full benefits.
The good news for you.
If you are looking for a steady job, have your own transportation and a good work ethic (will show up) there are lots of jobs to be had. For instance in the building, remodeling trade contractors have a very hard time getting reliable help. Some of these jobs start at $15.00 per hour. In general retail jobs start at $8.00 and quickly go to $10.00 and more with commissions.
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Everything you need to know about relocating, investing and living in Key West and the Lower Florida Keys. Key West and the Florida Keys are, one of the most desirable areas in the world to visit
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