Salary Needed to Live in Key West as a Family
A family of four (2 adults, 2 children) needs approximately $89,780/year to live comfortably in Key West, FL — including 15% savings.
Comfortable Salary
$89,780
with 15% savings
Bare Minimum
$71,824
no savings buffer
Monthly Expenses
$4,489
53% above national avg
Detailed Monthly Budget for a Family in Key West
| Expense | Key West | Nat'l Avg | Diff |
|---|---|---|---|
| 🏠 3BR Apartment/House Rent | $401 | $209 | +92% |
| 🛒 Groceries | $63 | $44 | +43% |
| ⚡ Utilities | $34 | $28 | +21% |
| 🚗 Transportation | $58 | $44 | +32% |
| 🛡️ Car Insurance | $264 | $223 | +18% |
| 🏥 Health Insurance | $56 | $56 | 0% |
| Childcare/After-school | $1,860 | $1,200 | +55% |
| Internet + Phones | $279 | $180 | +55% |
| Children Activities | $388 | $250 | +55% |
| Dining Out | $543 | $350 | +55% |
| School Supplies & Clothing | $310 | $200 | +55% |
| Healthcare Co-pays | $233 | $150 | +55% |
| Total Monthly | $4,489 | $2,934 | +53% |
How We Calculated the Salary
Monthly expenses:$4,489
Target savings (15%):$990/mo
Monthly after-tax needed:$5,479
Effective tax rate:25%
Gross annual salary needed:$89,780
Other Household Types in Key West
Related Pages
FAQ
What salary does a family with kids need in Key West?
A family with kids needs approximately $89,780/year ($7,482/month gross) to live comfortably in Key West with a 15% savings rate.
How much is rent for a family with kids in Key West?
A 3br apartment/house in Key West costs approximately $401/month, which is the largest single expense at 9% of the total budget.
Is Key West affordable for a family with kids?
Key West is above the national average for family with kids living costs, requiring 53% more salary than the US median.