F
31%
Overall NAT. AVG.
7%
Goods & Services NAT. AVG.
112%
Housing NAT. AVG.
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Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.
The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index Keystone Florida National
Cost of living13198100
Goods & Services9398100
Groceries10099100
Health care9296100
Housing21296100
Transportation10099100
Utilities9997100

An Overview of Cost of Living in Keystone, FL

Getting a feel for the cost of living in Keystone is essential for anyone planning to relocate, as it empowers them to make informed financial decisions, secure a comfortable lifestyle and maintain financial stability in their new environment. The cost of living in Keystone is 131, which is 31% higher than the national average. Relocating individuals may need to adjust their savings and investment strategies based on the cost of living in the new location. It influences decisions about retirement planning, investments and financial goals.

If affordability is among your top priorities when searching for a new place to live, this area may not be the ideal fit, as the cost of living in Keystone is among the most expensive in the United States. Just a minority of areas exhibit a cost of living at least 20% higher than the national average, and unfortunately, Keystone falls into this category, which may not align with your goal of finding a budget-friendly living environment.

When it comes to the cost of living in Keystone, housing costs are a real heavyweight, often hogging a significant chunk of your earnings. Sadly, in this area, housing expenses for both buying and renting were 111.9% more expensive compared to your average city. That means you'll be shelling out more for homes, rents, mortgage rates and insurance.

Is Keystone Affordable?

Is Keystone an affordable place to live? It's a good question and one that you might want to ask when considering any new city, as affordability can play a huge role in the decision making process. The cost of living index (which we covered above), as well as housing costs and income levels play a vital role in determining the affordability of an area. The median home price in Keystone is 115.1% higher than the national average, while the average monthly rent prices are 104.4% higher than average. The affordability of any location can also be influenced by median income levels. Keystone has a median household income of $126,573, which is 128.8% higher than the national average.

What Factors can Influence the Cost of Living in Keystone?

Groceries: Grocery prices have seen substantial hikes in the last 2-3 years, with some markets witnessing food cost increases of over 20% during this period. Conversely, certain markets have experienced only moderate upticks. These variations in food expenses can have a substantial impact on the overall cost of living in any locality. In Keystone, the groceries index is 0.5% lower than the national average.

Utilities: Like everything else, utilities costs can range significantly depending on factors like climate, energy sources available, location and even state regulations. Things like electricity, water, heating and waste disposal costs can be higher or lower, depending on the city or state. The utilities index in Keystone comes in at 1.1% lower than the national average.

Transportation: If public transportation is limited or not available, residents may need to own and maintain vehicles, which can add to the cost of living. Gas, insurance, regular maintenance and potentially lease or finance payments will all need to be paid on a monthly basis. In Keystone, the transportation index is 0.4% higher than the national average.

Where is the Data From?

The cost of living in Keystone, presented above is derived from the C2ER cost of living index, offering a practical method for assessing living cost disparities in urban areas. Published quarterly, this index compiles data from more than 300 independent researchers, encompassing over 60 goods and services in 6 categories. The weightings assigned to cost variances are informed by government survey data tracking the expenditure patterns of professional and executive households. It should be noted that the C2ER index does not include data on sales or income tax rates, however, AreaVibes incorporates tax rates into the overall cost of living score for each area.

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Cost Of Living Quick Facts

  • The cost of living in Keystone is 34% higher than the Florida average
  • The cost of living in Keystone is 31% higher than the national average
  • Keystone housing is 112% higher than the national average
  • Florida general sales tax is 18% higher than the national average
  • Florida state income tax is 100% lower than the national average

Most Affordable Places to Live in and Around Keystone

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Compare Keystone, FL Cost of Living

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      Price difference in compared to
      Cost of living index
      Goods & Services index
      Groceries index
      Health care index
      Housing index
      Transportation index
      Utilities index

      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$130,522$10,877$3,045$3,916
      Renters$65,000$5,417$1,517$1,950
      The percentage of monthly income spent on housing related expenses can help predict the affordability of housing in Keystone, FL, as well as what the overall cost of living might be. Generally, a good rule to follow is that the debt-to-income (DTI) level you want to maintain is 28 percent or less of your income on your rent or mortgage payments and not more than 36 percent of income on all expenses and debts. In Keystone, homeowners have a median income of $130,522. Using that number, a maximum of $3,045 per month should be allocated to housing expenses. For those who are renting instead of owning, the median income is $65,000, which means there is a maximum of $1,517 to be spent on the costs of renting a home or apartment.

      Florida Sales Tax

      State General Sales Tax With Max Surtax
      Florida 6% 7.5%

      Florida Income Tax

      State Income Tax (Low) Income Tax (High)
      Florida 0% 0%

      Goods & Services

      Item Keystone National avg. Difference
      Haircut $15.67$24.2635.4%
      Beauty Salon $54.72$45.5620.1%
      Toothpaste $3.67$3.700.8%
      Shampoo $1.48$1.2815.3%
      Movie $8.61$12.1329.1%
      Bowling $19.67$18.009.3%

      Groceries

      Item Keystone National avg. Difference
      Ground Beef $6.06$5.843.8%
      Fried Chicken $1.48$1.575.7%
      Milk $4.56$4.672.3%
      Potatoes $5.34$4.938.1%
      Pizza $8.38$12.0930.6%
      Beer $10.69$10.412.6%

      Health Care

      Item Keystone National avg. Difference
      Optometrist $146.67$125.6816.7%
      Doctor $122.32$135.789.9%
      Dentist $103.33$113.298.8%
      Ibuprofen $10.74$10.650.8%
      Lipitor $523.90$468.6011.8%

      Housing

      Item Keystone National avg. Difference
      Home Price $397,200.00$184,700.00115.1%
      Avg. Mortgage Payment $1,846.50$2,346.6921.3%
      Apartment Rent $1,940.00$949.00104.4%

      Transportation

      Item Keystone National avg. Difference
      Gasoline $3.42$3.461.0%
      Tire Balancing $57.28$59.924.4%

      Utilities

      Item Keystone National avg. Difference
      All Electricity $219.66$193.9913.2%
      Phone $194.37$192.251.1%
      Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

      Nearby cities with low cost of living

      City Population Cost of Living Index National Avg.
      Moon Lake, FL4,2348317.1%
      Holiday, FL21,0068713.2%
      New Port Richey, FL16,5428713.0%
      Beacon Square, FL7,0318712.7%
      Bayonet Point, FL26,7048812.2%
      Keystone, FL25,37713130.9%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Bay Point, CA25,37813736.8%
      Thetford Mines, QC25,383n/a 
      Kingsville, TX25,3678713.4%
      Tarpon Springs, FL25,3891022.3%
      Woodstock, IL25,391954.6%
      Keystone, FL25,37713130.9%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.