Here's what it costs to live in Key West, Florida, based on the latest US government data. Renters pay a median of $2,075 per month, while the typical home is valued around $816,300. Households earn a median of $78,532 per year, so rent absorbs a relatively high share of local income. The figures below cover housing, local wages by occupation, demographics, and air quality, all drawn from the US Census Bureau, BEA, HUD, and EPA.
Median Household Income
$78,532
Annual · Census ACS
Median Gross Rent
$2,075
Per month · Census ACS
Median Home Value
$816,300
Census ACS
Cost of Living Index
N/A
BEA RPP · US avg = 100
1BR Fair Market Rent
N/A
HUD FMR
2BR Fair Market Rent
N/A
HUD FMR
3BR Fair Market Rent
N/A
HUD FMR
HUD Fair Market Rent = 40th percentile gross rent · FY2024
State Income Tax
None
No state income tax on wages
State Sales Tax
6.00%
Statewide base rate (local add-ons may apply)
Source: Tax Foundation (2024)
| Occupation | Median Annual Wage |
|---|---|
| 💻Software Developer | N/A |
| 🏥Registered Nurse | N/A |
| 📚Elementary Teacher | N/A |
| ⚡Electrician | N/A |
| 📊Accountant | N/A |
Source: BLS OEWS 2023 (metro-level data)
Population
25,824
Latest estimate
Median Age
46.5 yrs
Census ACS
🌬️
AQI data not available
Source: EPA AirNow
What is the cost of living index for Key West?
The cost of living index for Key West is not yet available in our database.
What is the median rent in Key West?
The median gross rent in Key West is $2,075 per month according to US Census ACS data.
What is the median household income in Key West?
The median household income in Key West is $78,532 per year.
What is the median home value in Key West?
The median home value in Key West is $816,300 based on the latest Census ACS survey.
How is the air quality in Key West?
Air quality data for Key West is not yet available.
What are the taxes like in Key West?
Florida has no state income tax on wages and a statewide sales tax of 6.00% (local rates may add to this). Source: Tax Foundation, 2024.
Data last updated: December 1, 2024 · Sources: US Census ACS, BEA RPP, BLS OEWS, HUD FMR, EPA AirNow, Tax Foundation · Methodology