How Much Does it Cost to Live in Marathon, Florida?
Thinking of making Marathon, Florida your home sweet home? Curious about the living costs? You’re in luck! Let’s dive into the average expenses for essentials like rent, housing, food, utilities, and insurance.
Marathon Florida is Expensive.
I’m going to cut right to the chase- living in Marathon, Florida is expensive! Since we are a tiny island in the middle of the ocean, getting nothing here just cost more. From the food you eat to the materials to build a home to the clothes for sale, everything is more expensive. But amidst the higher costs, the island charm and vibrant community make Marathon, Florida a unique and worthwhile place to call home.
Housing is Expensive
Currently, the average sale price of a property here in the Florida Keys is over 1 Million dollars! Now don’t get me wrong, we have options under one million, but that is just the average. A standard single-family home not on the water will cost between 400,000 – 700,000. Once you get into waterfront or larger homes, the price tag just goes up. For a deep look at the Florida Keys Real Estate Market Stats, check out our market page!
Rent is Expensive
If you are looking to rent here in Marathon, Florida, that is expensive too. Not only is it expensive, but it’s super hard to even find a place to rent. A little mobile home will cost you $1,200 a month. Looking for a two-bedroom? That can range anywhere between $2,000 – $2,600 a month.
Food
Food in Marathon is on the pricey side too. Would you believe our bananas are fetching 70 cents a pound? It’s true! When you’re living the Marathon life, you quickly learn the art of hunting for deals. Whether it’s meat, cheese, milk, or anything else on your grocery list, be prepared to pay a premium compared to the mainland. But hey, that’s just part of the adventure of living here in Marathon!
Utilities
Let’s shed some light on utilities in Marathon!
Sewer: It’s tied into your taxes, so fortunately, it’s not a big hit on your monthly bills.
Water (FKAA): A family of 4 can expect to shell out around $130.00 a month for water. If you’ve got a pool, be prepared to pay a bit more – that water evaporates faster than you’d think!
Electric (FKEC): For a family of 4, the average electric bill will run you about $180.00 a month. But come summer, when those air conditioners are cranked up, expect that number to jump to around $220.00 a month.
Cable: We’ve got Xfinity, and we’re looking at around $100.00 a month to keep ourselves entertained.
Insurance
If you’re not used to paying for insurance, get ready for a little shock when you live in Marathon, FL. If you’re getting a mortgage on your home, you’ll need to grab Flood, Wind, and Homeowners insurance. The costs for these can vary greatly depending on your home. On the low end, you might be looking at around $4,000 a year, but on the high end, brace yourself for $12,000 annually. It’s just part of the package when you’re living the island life!
Property Taxes
I’ve got some fantastic news for you! The only thing in Marathon that’s not expensive? Taxes. Property taxes here are the lowest in ALL of Florida. They typically hover just under 1 percent of the purchase price. But to keep things easy, we usually estimate around 1 percent of the purchase price. So, if your home costs $500,000, you’re looking at about $5,000 a year in property taxes. Now, that’s something to smile about!
Conclusion
Yes, Marathon, Florida, is undeniably expensive to live in. But it’s the price you pay for the privilege of residing in such a breathtakingly beautiful area. From the stunning views to the vibrant community, every penny spent in Marathon is an investment in an extraordinary lifestyle.
Prumo & Carden
Amy’s success as a Florida Keys Elite Agent and Diamond Award Winner is truly awe-inspiring. With over 13 years of experience in the real estate industry, she has cemented her position as a trailblazer and pioneer. Her unwavering commitment to excellence is reflected in her impressive academic credentials, which include a Master’s Degree in Marketing and Management. Amy’s marketing programs are simply unmatched, ensuring that your property is showcased to the widest audience of potential buyers, thus guaranteeing maximum exposure.
Tom is an accomplished expert in the Building, Planning, Zoning and Development field, with an extensive career spanning over several years. He has worked in the Civil Engineering Department for the USAF and was the Building Official/Director of Building Planning and Zoning for a municipality for over a decade. Additionally, he is the owner of Alliance Custom Builders, a testament to his entrepreneurial spirit. Tom’s impressive track record includes building homes in both Marathon and Key Colony Beach. He holds twenty licenses through the International Code council, including Commercial & Residential Plan Reviewer and Certified Building Official, cementing his position as a true leader in his field.
Sign up for our Newletter or Download our free List of Service Providers
Includes Local home Inspectors and Insurance compaines
Do you need a car in Marathon Florida?
Is a Car Essential for Your Visit to Marathon, Florida? Planning a trip to Marathon, Florida? Wondering if you should bring a car? Absolutely! Marathon isn't really set up for walking. Its streets spread out like fingers from the main road, U.S. 1, which can get...
How far is it from Marathon to Key West?
Heading South: The Distance from Marathon to Key West In the heart of the Florida Keys lies the city of Marathon, a laid-back island town with plenty of beauty. But for those craving a taste of the vibrant energy and eclectic culture of Key West, the question arises:...
Does Marathon Florida have beaches?
Exploring the Beaches of Marathon Florida Ready to visit Marathon, Florida, and curious to know if there are beaches here? Well, you're in luck because there are actually two beaches here in Marathon. Now, these beaches aren't huge, and they don't stretch on for miles...
Does Marathon Florida have a town?
Discovering Marathon Florida's Town Marathon, Florida, is located in the Middle of the Florida Keys. Marathon offers residents and visitors alike a taste of paradise. But does Marathon have a town to call its own? Let's dive into the details. The Island Setting...
Bpas / ROGO in Marathon, Florida
ROGO in Marathon, Florida Marathon, Florida Facing Building Allocation Shortage Marathon, Florida is nearing the end of its building allocations. (ROGO) Once exhausted, owners of vacant lots may resort to legal action against the city for denying them the opportunity...
The Best Waterfront Neighborhoods in Marathon, FL
Marathon, FL's Finest Waterfront Neighborhoods If you're searching for "waterfront homes for sale in Marathon, FL," then listen up because today we're going to highlight some highly popular waterfront neighborhoods right here in Marathon, FL! But first, some...
Is Marathon, Florida Keys safe?
Exploring the Safety of Marathon, Florida Keys Discover Safety in Marathon, Florida If you're contemplating a move to Marathon, Florida, safety should be high on your checklist. The good news? Marathon, Florida is safe. Personal Safety Assurance: As a long-term...
What’s the Average Price for Waterfront Homes in Marathon, FL?
Discovering Paradise: Waterfront Homes in Marathon, FL Thinking about purchasing a waterfront home in Marathon, Florida? Wondering what waterfront homes in Marathon, FL list and sell for? Well, you're in the right place! We've got you covered. In this guide, we'll...
Florida Keys Investment Property
Florida Keys Investment Property Explore a world of possibilities in the vibrant Florida Keys real estate market, brimming with investment properties waiting to be discovered. Whether you are on the lookout for lucrative short-term rentals, multi-family homes for...
Top 6 reasons Not to Move to Marathon, Florida
Top 6 reasons Not to Move to Marathon, Florida Thinking about relocating to Marathon, Florida? While it may seem like an idyllic paradise with its sunny weather and coastal charm, there are several compelling reasons to think twice before making the move. Let's...
