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NEW JANUARY 2025
Upper Florida Keys 2025 Cost Of Living Forecast
Based on current economic and demographic trends, the cost of living in the Upper Florida Keys area is estimated to continue rising over the next five years. This forecast considers factors such as inflation, population growth, and changes in the housing market.
Housing Costs:
Housing costs in the Upper Florida Keys are expected to continue to rise due to high demand and limited supply. The influx of people moving to the area and limited land for new construction will lead to higher housing prices. The median home price in the Upper Florida Keys is around $700,000 and is expected to increase by at least 2-4% annually.
Food and Groceries:
The cost of food and groceries in the Upper Florida Keys is expected to increase slightly over the next five years. This increase is due to inflation and the rising cost of transportation. Food and grocery prices are estimated to increase by 1-2% annually.
Transportation:
The cost of transportation in the Upper Florida Keys is expected to increase slightly over the next five years. As the population grows and the demand for public transit and ride-sharing services increases, transportation costs may rise by 1-2% annually.
Healthcare:
The cost of healthcare in the Upper Florida Keys is expected to increase significantly over the next five years. With the aging population and increased healthcare needs, healthcare costs are expected to rise by an average of 3-5% annually.
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Charlotte Porter REALTOR®
Cell 305.393.2728
cpre@bellsouth.net
85996 US-1, Islamorada, Fl. 33036
305.664.4470
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