Cedar Key, FL
Population 756 · Florida
About Cedar Key, FL
Cedar Key is a small community located in Florida with a population of 756 residents according to the latest US Census Bureau American Community Survey data. The median household income is $69,226 per year, which is 8% below the national median of $75,149. The median age of 68.4 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Cedar Key features a median home value of $331,100, which is 35% above the national median of $244,900. This positions Cedar Key in a moderately priced market relative to the rest of the country. Median monthly rent is $918, 21% below the national average of $1,163/month. Of the 819 total housing units, 85% are owner-occupied (315 units) and 15% are renter-occupied (54 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Cedar Key shows an unemployment rate of 4.2%, which is near the national rate of 3.7%. The poverty rate stands at 17.9%, above the national average of 12.4%. Workers in Cedar Key have an average one-way commute time of 20.1 minutes.
Education & Demographics
49.7% of Cedar Key residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This significantly higher educational attainment rate often correlates with access to knowledge-economy jobs and higher household incomes. The community's demographic composition includes 0.0% White, 0.5% Hispanic or Latino, 2.8% Black or African American, and 0.8% Asian residents, with 3.7% of the population being foreign-born.
Cost of Living in Cedar Key, FL
Compared to national averages, Cedar Key has a median household income of $69,226 (8% below the national median of $75,149). Home values average $331,100, which is 35% above the national median. Monthly rent at $918 is 21% below the US average of $1,163. Within Florida, Cedar Key's income is 9% below the state average of $75,893, and home values are 6% below the state median of $353,675.
Why Live in Cedar Key, FL?
Cedar Key offers rent that’s lower than the national average at $918/month, and a well-educated community where 49.7% of residents hold a bachelor’s degree or higher, and short commute times averaging just 20.1 minutes.
Potential considerations include median household income ($69,226) that falls below the national average. However, Cedar Key’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Cedar Key has a population of 756 with a median age of 68.4 years. Compare Cedar Key with other cities to see how it stacks up, or explore all cities in Florida.
Similar Cities Near Cedar Key
Cities in Florida with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Duck Key | 755 | $135,000 | $989,900 | Compare |
| Melbourne Village | 753 | $93,846 | $348,600 | Compare |
| Heritage Bay | 752 | $105,972 | $558,800 | Compare |
| Paisley | 762 | $64,291 | $182,300 | Compare |
| Gulf Stream | 766 | $196,806 | $2,000,001 | Compare |
| Marco Shores-Hammock Bay | 746 | $80,795 | $526,500 | Compare |
| Hosford | 769 | $68,636 | $121,000 | Compare |
| Desoto Acres | 770 | $77,102 | $502,800 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Florida
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Cedar Key
What is the population of Cedar Key, FL?
The population of Cedar Key, FL is 756 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Florida.
What is the median household income in Cedar Key?
The median household income in Cedar Key, FL is $69,226 per year, which is 8% below the national median of $75,149.
What is the median home value in Cedar Key?
The median home value in Cedar Key, FL is $331,100, which is 35% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Cedar Key?
The median monthly rent in Cedar Key, FL is $918, which is 21% below the national average of $1,163/month.
What is the unemployment rate in Cedar Key?
The unemployment rate in Cedar Key, FL is 4.2%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Cedar Key, FL a good place to live?
Cedar Key offers a moderate cost of living, a competitive housing market, and growing employment opportunities. With a population of 756 and a median age of 68.4, the city appeals to established professionals and retirees.
How educated is Cedar Key, FL?
49.7% of residents in Cedar Key aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Cedar Key?
Key cost-of-living indicators for Cedar Key, FL: median home value is $331,100 (35% above national), median rent is $918/month, and median household income is $69,226. The home-value-to-income ratio is 4.8x, a moderate figure by national standards.
What is the poverty rate in Cedar Key?
The poverty rate in Cedar Key, FL is 17.9%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Cedar Key, FL?
Cedar Key's population is 0.0% White, 0.5% Hispanic or Latino, 2.8% Black or African American, 0.8% Asian, and 5.2% two or more races. 3.7% of residents are foreign-born.