Key West, FL
Population 25,824 · Florida
About Key West, FL
Key West is a mid-sized city in Florida with a population of 25,824 residents. The median household income is $78,532 per year, which is above the national average. The median age in Key West is 46.5 years.
Housing in Key West has a median home value of $816,300 and median monthly rent of $2,075. Of the 14,414 total housing units, renting is more common than owning, with 5,304 owner-occupied and 5,884 renter-occupied units.
The unemployment rate in Key West is 2.0% and the poverty rate is 11.1%. 41.2% of residents hold a bachelor's degree or higher. The average commute time is 14.4 minutes.
Cost of Living in Key West, FL
Compared to national averages, Key West has a median household income of $78,532 (5% above the national median of $75,149). Home values average $816,300, which is 233% above the national median. Monthly rent at $2,075 is 78% above the US average of $1,163. Within Florida, Key West's income is 3% above the state average of $75,893, and home values are 131% above the state median of $353,675.
Why Live in Key West, FL?
Key West offers a strong local economy with a median household income of $78,532, well above the national average, and a strong job market with an unemployment rate of just 2.0%, and a well-educated community where 41.2% of residents hold a bachelor’s degree or higher. Additionally, the city features a low poverty rate of 11.1%, better than the national average, and short commute times averaging just 14.4 minutes.
Potential considerations include a competitive housing market where the typical home costs $816,300. However, Key West’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Key West has a population of 25,824 with a median age of 46.5 years. Compare Key West with other cities to see how it stacks up, or explore all cities in Florida.
Similar Cities Near Key West
Cities in Florida with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Sebastian | 25,759 | $68,863 | $281,700 | Compare |
| Fish Hawk | 25,945 | $133,142 | $509,800 | Compare |
| Palm City | 25,699 | $117,689 | $532,100 | Compare |
| Pace | 25,630 | $84,912 | $271,400 | Compare |
| Immokalee | 25,624 | $46,143 | $197,000 | Compare |
| South Bradenton | 25,585 | $47,914 | $149,600 | Compare |
| Nocatee | 25,581 | $131,488 | $585,000 | Compare |
| Tarpon Springs | 25,522 | $68,877 | $321,000 | 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 Key West
What is the population of Key West, FL?
The population of Key West, FL is 25,824 according to the latest Census data.
What is the median household income in Key West?
The median household income in Key West, FL is $78,532 per year.
What is the median home value in Key West?
The median home value in Key West, FL is $816,300.
What is the average rent in Key West?
The median monthly rent in Key West, FL is $2,075.
What is the unemployment rate in Key West?
The unemployment rate in Key West, FL is 2.0%.