Indian River Shores, FL vs Key Largo, FL

The cost of living difference between Indian River Shores, FL and Key Largo, FL is dramatic. Key Largo is 31.2% cheaper than Indian River Shores, a gap that translates to thousands of dollars per year in household expenses. Indian River Shores has a cost index of 190 while Key Largo sits at 145, making this one of the more striking comparisons on our site. Relocating between these cities would require a serious reassessment of budget and lifestyle expectations.

On the housing front, median rent in Indian River Shores is $2,195/month compared to $1,889/month in Key Largo — a 16% difference. Home values follow the same pattern: Key Largo is more affordable at $626,300 median vs $1,085,600.

Median household income in Indian River Shores is $149,722 compared to $78,906 in Key Largo (+89.7%). While Indian River Shores is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Indian River Shores spend roughly 17.6% of their income on rent, less than the 28.7% in Key Largo.

Climate-wise, both cities share similar average temperatures (73.6°F vs 76.2°F). Key Largo receives more rainfall at 56.1" per year compared to 53.2" in Indian River Shores.