Key Largo, FL
Population 12,069 · Florida
About Key Largo, FL
Key Largo is a mid-sized city located in Florida with a population of 12,069 residents according to the latest US Census Bureau American Community Survey data. The median household income is $78,906 per year, which is 5% above the national median of $75,149. The median age of 51.2 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 Key Largo features a median home value of $626,300, which is 156% above the national median of $244,900. This places Key Largo in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $1,889, 62% above the national average of $1,163/month. Of the 8,570 total housing units, 76% are owner-occupied (3,843 units) and 24% are renter-occupied (1,201 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Key Largo shows an unemployment rate of 4.7%, which is near the national rate of 3.7%. The poverty rate stands at 8.3%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Key Largo have an average one-way commute time of 25.4 minutes.
Education & Demographics
37.6% of Key Largo residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This is in line with national trends in educational attainment. The community's demographic composition includes 2.0% White, 1.4% Hispanic or Latino, 1.6% Black or African American, and 6.7% Asian residents, with 22.6% of the population being foreign-born.
Cost of Living in Key Largo, FL
Compared to national averages, Key Largo has a median household income of $78,906 (5% above the national median of $75,149). Home values average $626,300, which is 156% above the national median. Monthly rent at $1,889 is 62% above the US average of $1,163. Within Florida, Key Largo's income is 4% above the state average of $75,893, and home values are 77% above the state median of $353,675.
Why Live in Key Largo, FL?
Key Largo offers a strong local economy with a median household income of $78,906, well above the national average, and a well-educated community where 37.6% of residents hold a bachelor’s degree or higher, and a low poverty rate of 8.3%, better than the national average.
Potential considerations include a competitive housing market where the typical home costs $626,300. However, Key Largo’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Key Largo has a population of 12,069 with a median age of 51.2 years. Compare Key Largo with other cities to see how it stacks up, or explore all cities in Florida.
Similar Cities Near Key Largo
Cities in Florida with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Goulds | 12,019 | $58,291 | $415,100 | Compare |
| Shady Hills | 12,012 | $63,250 | $225,600 | Compare |
| South Miami | 11,926 | $88,313 | $736,900 | Compare |
| Middleburg | 11,911 | $70,877 | $241,700 | Compare |
| Laurel | 11,868 | $89,282 | $450,200 | Compare |
| Lantana | 11,845 | $69,677 | $374,800 | Compare |
| Westview | 11,823 | $53,840 | $333,500 | Compare |
| Gulfport | 11,735 | $68,617 | $335,100 | 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.
Compare Key Largo With Other Cities
Frequently Asked Questions about Key Largo
What is the population of Key Largo, FL?
The population of Key Largo, FL is 12,069 according to the latest US Census Bureau American Community Survey estimates. This makes it a mid-sized city in Florida.
What is the median household income in Key Largo?
The median household income in Key Largo, FL is $78,906 per year, which is 5% above the national median of $75,149.
What is the median home value in Key Largo?
The median home value in Key Largo, FL is $626,300, which is 156% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Key Largo?
The median monthly rent in Key Largo, FL is $1,889, which is 62% above the national average of $1,163/month.
What is the unemployment rate in Key Largo?
The unemployment rate in Key Largo, FL is 4.7%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Key Largo, FL a good place to live?
Key Largo offers above-average incomes, a competitive housing market, and growing employment opportunities. With a population of 12,069 and a median age of 51.2, the city appeals to established professionals and retirees.
How educated is Key Largo, FL?
37.6% of residents in Key Largo 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 Key Largo?
Key cost-of-living indicators for Key Largo, FL: median home value is $626,300 (156% above national), median rent is $1,889/month, and median household income is $78,906. The home-value-to-income ratio is 7.9x, which suggests housing may be stretched relative to local earnings.
What is the poverty rate in Key Largo?
The poverty rate in Key Largo, FL is 8.3%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Key Largo, FL?
Key Largo's population is 2.0% White, 1.4% Hispanic or Latino, 1.6% Black or African American, 6.7% Asian, and 1.4% two or more races. 22.6% of residents are foreign-born.