Can A Carpenter Afford Rent in Key Largo, FL?

Rent-burdened — rent takes 68.5% of gross income.

Key Largo rent: July 2026. Salary: BLS OEWS May 2024 (Florida state estimate).

Key Largo median rent
$3,233/mo
Carpenter salary (Florida)
$56,674/yr
Rent as % of income
68.5%
Gross monthly income works out to about $4,723, and the 30% rule supports up to $1,417/mo in rent. Key Largo's median rent of $3,233 exceeds that threshold by $1,816/mo, putting a carpenter salary into the rent-burdened range here. A carpenter works roughly 118.7 hours a month to cover that rent.

About rent and a carpenter salary

Carpenter pay sits modestly above the US median household income and covers comfortable rent in most lower- and mid-cost metros. Union carpenters in high-cost cities often earn well above the BLS mean. At the national-average carpenter salary, the 30% rule supports about $1,524 a month in rent.

Cheaper rent nearby

These Florida cities have lower median rent than Key Largo, which improves the affordability math on a carpenter salary:

Sunny Isles Beach, FL
$3,224/mo (68.3% of income)
Miami Shores, FL
$3,223/mo (68.2% of income)
Miami Shores, FL
$3,223/mo (68.2% of income)

Compare with full rent data for Key Largo

View full rent data for Key Largo, FL

Frequently asked questions

Can a carpenter afford rent in Key Largo, FL?

Median rent in Key Largo is $3,233 a month. A typical carpenter in Florida earns about $56,674 a year, which makes that rent 68.5% of gross monthly income. Under the 30% rule, the answer is no — rent exceeds the 30% threshold.

How much rent can a carpenter afford in Key Largo?

Using the 30% rule, a carpenter salary in Florida (~$56,674/yr) supports up to $1,417 a month in rent. Key Largo's current median rent is $3,233/mo, which is $1,816/mo over the affordability threshold.

How many hours does a carpenter work to cover rent in Key Largo?

At an hourly equivalent of about $27 an hour, a carpenter in Florida works roughly 118.7 hours a month to cover Key Largo's median rent of $3,233.

Where is rent cheaper than Key Largo for a carpenter?

Nearby Florida cities with lower median rent include Sunny Isles Beach ($3,224/mo), Miami Shores ($3,223/mo), Miami Shores ($3,223/mo). Each shifts the affordability math materially on a carpenter salary.

Methodology: Salary uses the BLS-derived Florida state estimate from OEWS May 2024. Rent is the most recent ZORI monthly value for Key Largo, FL. Affordability applies the 30% rule (rent ≤ 30% of gross income). Real take-home varies with taxes, household composition, overtime, tips, and benefits.