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Key West, 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
25,720
Population
$87,037
Median Income
$852,400
Home Value
46.1
Median Age

Demographics

Key West has a population of 25,720 with a median age of 46.1. Here is the racial and ethnic breakdown of the population:

White
64.4%
Hispanic
22.5%
Black
13.1%
Asian
2.3%
Demographic Value
Total Population25,720
Median Age46.1
White64.4%
Black or African American13.1%
Asian2.3%
Hispanic or Latino22.5%
Key West, Florida — racial composition (Census ACS 2024)Donut chart of 4 segments totaling 102.White: 63.0%Hispanic/Latino: 22.0%Black: 12.8%Asian: 2.2%25,720PopulationWhiteWhite63.0%Hispanic/LatinoHispanic/Latino22.0%BlackBlack12.8%AsianAsian2.2%

Income & Economy

The median household income in Key West is $87,037, which is 8.0% above the national median of $80,610. The per capita income is $60,074. The poverty rate is 10.9%.

$87,037
Median Household Income
$60,074
Per Capita Income
10.9%
Poverty Rate

Employment

The unemployment rate in Key West is 2.2%, compared to the national rate of 4.1%.

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Education

In Key West, 93.0% of residents age 25+ have a high school diploma or higher, and 41.3% hold a bachelor's degree or higher (16.4% with a graduate or professional degree).

HS Diploma+
93.0%
Bachelor's+
41.3%
Graduate+
16.4%
Education Level % of Adults (25+)
High School Diploma or Higher93.0%
Bachelor's Degree or Higher41.3%
Graduate or Professional Degree16.4%

Housing

The median home value in Key West is $852,400, above the national median of $303,400. The median monthly rent is $2,220. The homeownership rate is 49.2%.

$852,400
Median Home Value
$2,220/mo
Median Rent
49.2%
Homeownership Rate
Housing Metric Value
Median Home Value$852,400
Median Monthly Rent$2,220
Homeownership Rate49.2%
Vacancy Rate26.1%

Salaries in Florida

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Frequently Asked Questions

What is the population of Key West, Florida?
The population of Key West, Florida is 25,720 according to U.S. Census Bureau ACS 2024 5-Year Estimates.
What is the median household income in Key West, Florida?
The median household income in Key West, Florida is $87,037. This is 8.0% above the national median of $80,610.
What is the median home value in Key West, Florida?
The median home value in Key West, Florida is $852,400. The median monthly rent is $2,220.
What percentage of people in Key West have a college degree?
In Key West, Florida, 41.3% of adults age 25 and older hold a bachelor's degree or higher, and 93.0% have a high school diploma or higher.
Is Key West, Florida an affordable place to live?
The home price-to-income ratio in Key West, Florida is 9.8x (median home value $852,400 vs. median income $87,037), making it relatively expensive by that measure. A ratio under 4.0 is generally considered affordable.

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