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Cedar Key, Florida

Last updated: 2024 BLS data · Page refreshed:

City Profile — Demographics, Income, Education & Housing
Data: U.S. Census Bureau, American Community Survey 2024 5-Year Estimates
875
Population
$64,375
Median Income
$378,000
Home Value
65.8
Median Age

Demographics

Cedar Key has a population of 875 with a median age of 65.8. Here is the racial and ethnic breakdown of the population:

White
83.2%
Hispanic
8.5%
Black
8.0%
Demographic Value
Total Population875
Median Age65.8
White83.2%
Black or African American8.0%
Hispanic or Latino8.5%
Cedar Key, Florida — racial composition (Census ACS 2024)Donut chart of 3 segments totaling 100.White: 83.5%Hispanic/Latino: 8.5%Black: 8.0%875PopulationWhiteWhite83.5%Hispanic/LatinoHispanic/Latino8.5%BlackBlack8.0%

Income & Economy

The median household income in Cedar Key is $64,375, which is 20.1% below the national median of $80,610. The per capita income is $44,980. The poverty rate is 26.7%.

$64,375
Median Household Income
$44,980
Per Capita Income
26.7%
Poverty Rate

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Education

In Cedar Key, 98.3% of residents age 25+ have a high school diploma or higher, and 49.9% hold a bachelor's degree or higher (28.9% with a graduate or professional degree).

HS Diploma+
98.3%
Bachelor's+
49.9%
Graduate+
28.9%
Education Level % of Adults (25+)
High School Diploma or Higher98.3%
Bachelor's Degree or Higher49.9%
Graduate or Professional Degree28.9%

Housing

The median home value in Cedar Key is $378,000, above the national median of $303,400. The median monthly rent is $873. The homeownership rate is 78.2%.

$378,000
Median Home Value
$873/mo
Median Rent
78.2%
Homeownership Rate
Housing Metric Value
Median Home Value$378,000
Median Monthly Rent$873
Homeownership Rate78.2%
Vacancy Rate44.7%

Salaries in Florida

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Frequently Asked Questions

What is the population of Cedar Key, Florida?
The population of Cedar Key, Florida is 875 according to U.S. Census Bureau ACS 2024 5-Year Estimates.
What is the median household income in Cedar Key, Florida?
The median household income in Cedar Key, Florida is $64,375. This is 20.1% below the national median of $80,610.
What is the median home value in Cedar Key, Florida?
The median home value in Cedar Key, Florida is $378,000. The median monthly rent is $873.
What percentage of people in Cedar Key have a college degree?
In Cedar Key, Florida, 49.9% of adults age 25 and older hold a bachelor's degree or higher, and 98.3% have a high school diploma or higher.
Is Cedar Key, Florida an affordable place to live?
The home price-to-income ratio in Cedar Key, Florida is 5.9x (median home value $378,000 vs. median income $64,375), making it moderately affordable by that measure. A ratio under 4.0 is generally considered affordable.

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