Longboat Key, FL
Population 7,512 · Florida
About Longboat Key, FL
Longboat Key is a small town located in Florida with a population of 7,512 residents according to the latest US Census Bureau American Community Survey data. The median household income is $143,365 per year, which is 91% above the national median of $75,149. The median age of 71.5 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 Longboat Key features a median home value of $959,200, which is 292% above the national median of $244,900. This places Longboat Key in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $2,969, 155% above the national average of $1,163/month. Of the 9,865 total housing units, 94% are owner-occupied (3,907 units) and 6% are renter-occupied (265 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Longboat Key shows an unemployment rate of 2.7%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 4.5%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Longboat Key have an average one-way commute time of 25.4 minutes.
Education & Demographics
68.9% of Longboat 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 0.5% White, 0.1% Hispanic or Latino, 0.8% Black or African American, and 2.9% Asian residents, with 13.8% of the population being foreign-born.
How Longboat Key Ranks in Florida
Cost of Living in Longboat Key, FL
Compared to national averages, Longboat Key has a median household income of $143,365 (91% above the national median of $75,149). Home values average $959,200, which is 292% above the national median. Monthly rent at $2,969 is 155% above the US average of $1,163. Within Florida, Longboat Key's income is 89% above the state average of $75,893, and home values are 171% above the state median of $353,675.
Why Live in Longboat Key, FL?
Longboat Key offers a strong local economy with a median household income of $143,365, well above the national average, and a strong job market with an unemployment rate of just 2.7%, and a well-educated community where 68.9% of residents hold a bachelor’s degree or higher. Additionally, the city features a low poverty rate of 4.5%, better than the national average.
Potential considerations include a competitive housing market where the typical home costs $959,200. However, Longboat Key’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Longboat Key has a population of 7,512 with a median age of 71.5 years. Compare Longboat Key with other cities to see how it stacks up, or explore all cities in Florida.
Similar Cities Near Longboat Key
Cities in Florida with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Loughman | 7,535 | $64,926 | $289,600 | Compare |
| Inverness Highlands South | 7,478 | $61,224 | $206,900 | Compare |
| Macclenny | 7,558 | $63,640 | $227,500 | Compare |
| Southwest Ranches | 7,569 | $157,390 | $841,900 | Compare |
| Dade City | 7,570 | $63,041 | $211,900 | Compare |
| Arcadia | 7,571 | $38,388 | $158,900 | Compare |
| South Apopka | 7,425 | $54,427 | $248,000 | Compare |
| Newberry | 7,608 | $100,513 | $268,800 | 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.
Compare Longboat Key With Other Cities
Frequently Asked Questions about Longboat Key
What is the population of Longboat Key, FL?
The population of Longboat Key, FL is 7,512 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Florida.
What is the median household income in Longboat Key?
The median household income in Longboat Key, FL is $143,365 per year, which is 91% above the national median of $75,149.
What is the median home value in Longboat Key?
The median home value in Longboat Key, FL is $959,200, which is 292% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Longboat Key?
The median monthly rent in Longboat Key, FL is $2,969, which is 155% above the national average of $1,163/month.
What is the unemployment rate in Longboat Key?
The unemployment rate in Longboat Key, FL is 2.7%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Longboat Key, FL a good place to live?
Longboat Key offers above-average incomes, a competitive housing market, and a strong job market. With a population of 7,512 and a median age of 71.5, the city appeals to established professionals and retirees.
How educated is Longboat Key, FL?
68.9% of residents in Longboat 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 Longboat Key?
Key cost-of-living indicators for Longboat Key, FL: median home value is $959,200 (292% above national), median rent is $2,969/month, and median household income is $143,365. The home-value-to-income ratio is 6.7x, which suggests housing may be stretched relative to local earnings.
What is the poverty rate in Longboat Key?
The poverty rate in Longboat Key, FL is 4.5%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Longboat Key, FL?
Longboat Key's population is 0.5% White, 0.1% Hispanic or Latino, 0.8% Black or African American, 2.9% Asian, and 0.3% two or more races. 13.8% of residents are foreign-born.