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.

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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 background

Where is Marathon, FL?

Marathon is located in the middle of the Florida Keys, and it isn’t just one island; it’s a group of islands. You’ve got Boot Key, Knight Keys, Hog Key, Vaca Key, Stirrup Key, Crawl, Little Crawl Key, East and West Sister’s Island, Deer Key, Fat Deer Key, Long Pine Key, and Grassy Key – that’s a whole bunch of islands making up the City of Marathon.

So why do individuals choose Marathon over some of the other islands?

Water Access:  First, Marathon is famous for its easy access to the water. There are two main ways to get to the ocean and the Gulf: the Vaca Cut and the Seven Mile Bridge.

Canals: Marathon has tons of waterfront homes to choose from with great boating.

Rental: Waterfront homes make for great rentals, and in Marathon, you can rent out your home for 7 days, compared to other areas with 30-day minimums.

Safety: Like most islands in the Florida Keys, Marathon is safe.

Amenities:  Marathon has lots more amenities compared to other islands, these include Home Depot, Publix, schools, hospitals, parks, beaches and restaurants. 

Due these reasons  the average cost of a waterfront homes in Marathon tend to be more money compared to other islands in the Florida Keys.

So now You know why people choose Marathon, Let’s get into the neighborhoods.

Deep Waterfront Neighborhoods in Marathon, FL

If you are looking for homes with deep water, suitable for boats needing a 5-foot draft or more, then I would recommend focusing on these neighborhoods first. Not only do they offer deep enough water for sailboats, but they also provide excellent access to the bay and the ocean.

1. Little Venice Neighborhood:

• Nestled within Marathon, the Little Venice Neighborhood is a fantastic place for deep waterfront homes. Here, canals are wide and flow through.  They also provide direct access to the open waters.   Additionally, with the nearby Vaca Cut getting to the bay is easy. If you have a sailboat, this neighborhood could be the perfect fit for your boat.  Some of the street in Little Venice include 117th Street, 116th Street, and 112th Street.

2. 25th to 29th Street Waterfront Homes:

• These properties provide deep water access and are situated near Boot Key Harbor, making them an excellent choice if you own a sailboat. You’ll also be close to all of Marathon’s amenities.

3. Yacht Harbor Island (122nd Street):

• Yacht Harbor Island, situated at 122nd Street, is another delightful spot for deep waterfront living in Marathon. Again, you have great boating access and are close to everything in Marathon.

Other Top Waterfront Neighborhoods in Marathon, Florida

Sea-Air Estates:

The Sea-Air Estates homes are situated behind the airport on the Gulf side. These canals are conveniently short, providing quick access to the Gulf. Street names in this neighborhood include Bruce Court, Gulfwinds Lane, Alynn Place, David Lane, Patricia Lane, and Brian Road.

Fun Fact: The street names are a tribute to the late Alynn Schmitt, a key figure in developing Marathon and Key Colony. These street names represent his children, with Brian Schmitt now serving as the broker of Coldwell Banker Schmitt.

Side Note: Nearby, Grouper and Yellowtail also feature fantastic waterfront properties. Keep in mind that some canals in these areas may occasionally have seaweed, which comes and goes with the wind. If a canal doesn’t have a flow-through, you may experience seaweed build-up at the ends of the canal.

Sombrero Beach Neighborhood:

The Sombrero Beach neighborhood is a favorite among residents. The homes are not only beautiful but also conveniently located near all of Marathon’s amenities. And, of course, the beach is just a stone’s throw away.

In this neighborhood, you’ll find streets like Ibis Lane, Mockingbird Lane, Anglers Drive, Sombrero Beach Road, and Corte Del Sol.

If you’re near the beach, say around Corte Del Sol, you’ll enjoy a quick ride out to the ocean. However, if you’re located on Anglers Drive North, it’s about a 15-20 minute ride. Some people appreciate the ride, while others may not. So, it’s essential to be mindful of this when choosing your location.

Flamingo Island:

Flamingo Island in Marathon is another highly desirable neighborhood for purchasing waterfront homes. Some of the streets in this neighborhood include Copa D Oro and Saguaro Lane. Similar to other neighborhoods, you’ll find great homes here, close to the beach and amenities. However, it’s worth noting that you’ll have a longer boat ride to reach the open water.

Coco Plum Beach:

In recent years, Coco Plum Beach has seen significant development. Numerous beautiful new construction homes are springing up everywhere. Coco Plum boasts incredibly wide canals that are easy to navigate, and it’s not too far from the Vaca Cut. Additionally, the lots in this area are more spacious, making it an excellent choice if you’re looking for a home with ample space.

Coco Plum’s streets are in alphabetical order, starting with Ave A and going down to Ave O.

Other Areas:

There are lots of great streets in Marathon, but here are just a few other ones that we like and thought deserve a mention.  These streets also have nice canals and great homes.

75th Street

92nd Street

101st Street

Conclusion:

In Marathon, you’ll find an array of delightful neighborhoods, each offering its own unique charm. Whether you prefer deep waterfront access, proximity to the beach, or spacious lots, there’s a neighborhood to suit your preferences. From Little Venice to Flamingo Island and beyond, Marathon’s real estate options provide a variety of opportunities for waterfront living. Explore these neighborhoods to discover the perfect place to call home.

Get Access to Customized Searches for waterfront homes for sale in Marathon, FL.

Let us help you find the perfect waterfront home that suits your dream lifestyle.

Did you find your dream home for sale in Marathon, FL?  – Then be sure to head on over to our Buying Page, where we answer some of the most common questions buyers have! 

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.

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Includes Local home Inspectors and Insurance Compaines 

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 resident and a woman who has often lived here alone, I can personally vouch for the safety of Marathon. My years here have been nothing but secure.  I can honestly say I feel safe in Marathon.

Morning and Evening Strolls:

For early risers or dog walkers, rest easy. Marathon is an ideal place for these activities. The primary concern might be the traffic on U.S. 1, where cars pose more risk than people. Just remember to carry a light for nighttime or early morning walks.

Nightlife and Transportation:

Going out with friends for a night on the town? Marathon’s nightlife is not only fun but safe. Taxis are readily available, and I’ve always felt secure in them.

Family-Friendly Atmosphere:

If you plan to relocate your family, you’re in good hands. Our community is incredibly close-knit, ensuring your kids can play freely in the neighborhood. The only caveat is the traffic on U.S. 1. Soon, you’ll know everyone and their children, as we look out for one another.

School Safety:

Marathon’s commitment to school safety is unwavering. Our schools implement a range of security measures, including video surveillance, dedicated campus security guards, and stringent sign-in/sign-out protocols. Additionally, a school nurse is on-site to provide an extra layer of safety.

As a parent who entrusts their child to the school bus, I often witness the heartwarming sight of police cars accompanying the buses during drop-offs and pickups. Their presence ensures that traffic comes to a halt, allowing children to board and disembark safely. This collaborative effort between the community and law enforcement warms my heart each time I see it.

Furthermore, our schools offer a convenient app for your phone, keeping you updated on school activities and allowing direct communication with teachers. Should your child miss a school day, rest assured that the school will promptly call to keep you informed.

Low Crime Rates:

Marathon, FL, boasts an admirable track record when it comes to crime. Occasional car break-ins and minor boating equipment thefts are the extent of it. Even if you forget to lock your door, there’s no need to panic. Our island location makes it hard for thieves to escape.

Statistical Reassurance:

Statistics from Citytistics offer peace of mind:

• Total Crime Rate: A mere 5 incidents per 1,000 people, lower than the national average.
• Violent Crime Rate: Just 0 incidents per 1,000 people, also lower than the national average.
• Property Crime Rate: Only 4 incidents per 1,000 people, once again, lower than the national average.

Diverse Law Enforcement:

Marathon boasts a wide array of law enforcement agencies, ensuring safety on every front. We have local police, state police, coast guard, Florida Fish & Wildlife, and border patrol.

Conclusion

In conclusion, Marathon, Florida is more than a tropical paradise; it’s a sanctuary of safety for both residents and newcomers. Come, enjoy the serenity, and experience the security of our beautiful island community!

Ready to make the Move? Contact Us with any of your questions about life in Marathon, Florida.

Also Check out our other blog post about Marathon, Florida – we are dedicated to giving you the most information about this area before you make the move!

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.

Sign up for our Newletter or Download our free List of Service Providers 

Includes Local home Inspectors and Insurance compaines 

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 explore the top six reasons why moving to Marathon might not be the best decision for you.

High Cost of Living and Housing Expenses

Living in Marathon, Florida can put a strain on your finances. Whether it’s the soaring housing prices or the elevated cost of food, expect to pay more for your everyday needs. The housing market is particularly demanding, with a limited supply of affordable properties. If you’re looking for a home, be prepared to spend around $350,000 for an older mobile home. For a waterfront property, you’ll need to shell out at least 1 million dollars, and even then, don’t anticipate the house to be updated.

Grocery shopping in Marathon can take a toll on your budget. Due to the limited number of stores in the area, finding everyday items can be a challenge, and you’ll often have to pay higher prices compared to larger cities or towns.

Securing a long-term rental in Marathon is extremely difficult. It’s advisable not to relocate to the area unless you have a place lined up in advance. Many local families are leaving the region due to the lack of available rentals. If you manage to find a rental, expect to pay a steep monthly price of $2,500 to $3,000 for something of decent quality.

Limited Job Opportunities

Marathon, Florida, does not provide abundant job opportunities. The local job market is competitive and constrained, making it challenging to find suitable employment. The majority of available jobs in Marathon revolve around catering to tourists and catering to the affluent individuals purchasing properties for vacation rentals. This dependence on tourism-related industries can result in a lack of diverse career options and may make it difficult to maintain a comfortable lifestyle solely through local employment opportunities.

Lack of Privacy

With a population of approximately 10,000 people in Marathon, Florida, it’s a tight-knit community where everyone tends to be familiar with one another. Since a significant portion of the population consists of part-time residents, it won’t take long for you to become acquainted with the locals. However, due to the small size and close relationships, privacy can be limited. Expect your personal affairs, including your social circle, preferred hangout spots, and even personal challenges like breakups, to be known throughout the town. The community’s interconnectedness and the tendency for people to talk can result in a reduced sense of privacy.

Not Ideal for Young, Single Individuals

If you’re a young and single person, Marathon may not be the best place for you. The majority of young residents in Marathon are already married or in committed relationships, having moved to the area with their partners. These individuals are often employed in jobs that cater to the tourist industry. On the other hand, the local population skews towards older age groups, with an average age of around 50. The town tends to quiet down early, usually shutting down by 9 pm, except for places like the Brass Monkey that may remain open later. As a result, the limited social scene and demographic composition may not be conducive to the vibrant lifestyle and dating opportunities typically sought by young, single individuals.

Tourist Overload

One noticeable aspect of Marathon is the abundance of tourists. You’ll find them everywhere you go, especially on weekends when places like grocery stores can become overwhelmingly crowded. Large groups of tourists often flock to these stores, making it challenging to navigate through the aisles smoothly.

Given that Marathon permits weekly rentals, there’s a high probability that you’ll end up living near one of these vacation rentals. Tourists, being on vacation, may not always prioritize maintaining a quiet environment. Consequently, there can be instances of noise disturbances caused by loud and unruly behavior from tourists, which may impact the overall peace and tranquility of the area.

Limited Healthcare Resources

If you have chronic medical conditions, it’s advisable to reconsider moving to Marathon. The healthcare resources in the area are limited, and the quality of healthcare services may not meet your needs. As a result, you may find yourself frequently having to travel to neighboring towns or cities to access more comprehensive and specialized medical care.

Local Resources

City Of Marathon

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