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Key West, FL

Full City Profile · Florida · Monroe County County

2.7 /5.0
C+ Fair
25,824 Population 4,611/sq mi density
$78,532 Median Income $59,457 per capita
$816,300 Home Value $1,004,830 Zillow
$2,075 Median Rent 35.8% income on rent
77°F Avg Temperature 330 sunny days/yr
391 Violent Crime/100K 2,989 property/100K
C+
Overall
2.7 / 5.0
Fair overall score based on economy, affordability, safety and education
A+
Economy
4.6 / 5.0
$78,532 median income, 1.2% unemployment
F
Affordability
1.0 / 5.0
$816,300 home value, $2,075/mo rent
F
Safety
1.0 / 5.0
391 violent crimes/100K (3% above avg)
A
Education
4.3 / 5.0
41.2% bachelor's degree or higher

Income Overview

Median Household Income
$78,532
5% above
US avg: $75,149
Per Capita Income
$59,457
52% above
US avg: $39,052
Unemployment Rate
1.2%
67% below
US avg: 3.6%
Poverty Rate
5.3%
57% below
US avg: 12.4%

Income Comparison: Key West vs. U.S. Average

Each bar shows Key West’s value as a percentage of the national average (100% line = U.S. avg)

Median Household
US: $75,149
$78,532
105%
Per Capita
US: $39,052
$59,457
152%
IRS Avg AGI
US: $72,000
$190,259
264%
Avg Weekly Wage
US: $1,432
$1,129
79%
Thin line = U.S. average (100%)

Employment & Commute

Avg Weekly Wage
$1,129
21% below US avg ($1,432)
Mean Commute Time
14 min
48% below US avg (28 min)
Work From Home
10.3%
32% below US avg (15.2%)
Drive Alone
57.4%
22% below US avg (73.2%)
Public Transit
0.1%
97% below US avg (5.0%)
County GDP
$8,350M
County-level GDP (BEA 2024)

How Residents Get to Work

Drive Alone 57.4%
Public Transit 0.1%
Work From Home 10.3%
Other 32.2%
Average commute time
14 minutes
US avg: 28 min

Business Landscape

Total Establishments
5,008
Restaurants
591
Healthcare
238
Retail
611
Manufacturing
58

Tax & Financial

IRS Avg Adjusted Gross Income
$190,259
164% above US avg ($72,000)
Avg Property Tax
$13,392
283% above US avg ($3,500)
Cost of Living Index
103.4
Above national average (100 = US avg)

Complete Economy Data

Income & Wages

Median Household Income$78,532
Per Capita Income$59,457
IRS Avg Adjusted Gross Income$190,259
Avg Weekly Wage$1,129
County GDP$8,350M

Hardship Indicators

Unemployment Rate1.2%
Poverty Rate5.3%
Gini Coefficient0.517
Cost of Living Index103.4

Commute

Mean Commute14 minutes
Drive Alone57.4%
Public Transit0.1%
Work From Home10.3%

Businesses

Total Establishments5,008
Restaurants591
Healthcare238
Retail611
Manufacturing58

Tax

IRS Avg AGI$190,259
Avg Property Tax$13,392