Doral, FL vs Key West, FL

Doral, FL and Key West, FL have a very similar cost of living, with only a 4.9% difference in their overall index. Doral scores 158 while Key West scores 166 on the cost of living index, where 100 represents the national average. The day-to-day expenses for residents in both cities are comparable, though differences emerge when looking at specific categories.

On the housing front, median rent in Doral is $2,510/month compared to $2,075/month in Key West — a 21% difference. Interestingly, home values tell a different story: while Key West has cheaper rent, Doral actually has lower median home values ($514,600 vs $816,300).

Median household income in Doral is $88,474 compared to $78,532 in Key West (+12.7%). Doral offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Doral spend roughly 34% of their income on rent, more than the 31.7% in Key West. The Key West ratio exceeds the commonly recommended 30% threshold, which can put pressure on household budgets.