Hi I am Jan Keller of islamoradajan.com

LET ME HELP YOU WITH ISLAMORADA LUXURY HOMES FOR SALE

I have been a top producing agent for the last 12 years with the # 1 company in the Beautiful Florida Keys, Coldwell Banker Schmitt Real Estate Co, Islamorada office

Half of the top producing team "The Keller/Porter Team" in the Upper Florida Keys. With over 1/2 BILLION DOLLARS IN SALES!

My love for the Florida Keys comes through while providing the highest commitment and an exceptional customer experience with positive results.

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Islamorada Key is a beautiful and popular destination in the Florida Keys. It is known for its stunning beaches, clear waters, and abundant marine life. The area is also home to a variety of luxury resorts, restaurants, and shops.

 

What's New FEBRUARY 2024

2024 Islamorada Key FL Cost of Living Forecast

 

Based on current trends, it is expected that the cost of living in Islamorada Key, FL will continue to increase over the next few years. Below is a forecast for the cost of living in 2024 based on various factors such as inflation, housing costs, and employment rates.

1. Inflation: Historically, the rate of inflation in the US has been around 2-3% per year. It is expected that this trend will continue in the coming years, which will contribute to an increase in the overall cost of living in Islamorada Key. Inflation can affect the prices of goods and services, such as groceries, rent, and utilities.

2. Housing Costs: Housing costs in Islamorada Key tend to be higher than the national average, and this trend is expected to continue in the coming years. According to Zillow, the average home value in Islamorada Key is currently $829,464 and is projected to increase by 5% in the next year. This will likely have a significant impact on the cost of living in the area as housing costs make up a large portion of overall expenses.

3. Employment Rates: The unemployment rate in Islamorada Key is currently very low at 2.6%, which is well below the national average. As the job market continues to grow in the area, it is expected that wages will also increase, leading to a higher cost of living.

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