Key West, Florida is a vibrant island city known for its tropical climate, rich history and laid – back atmosphere. It’s the southernmost point in the continental United States, located about 90 miles from Cuba.

• History: Key West has a storied history, originally settled by the Spanish in the 16th century. It became a prominent port for shipwreck salvaging and later a hub for the cigar industry.
• Culture: The island has a unique blend of cultures, influenced by its Cuban, Bahamian and American roots. The diversity is reflected in its cuisine, art and music.
• Attractions:
  – Duval Street: The main thoroughfare, lined with shops, bars and restaurants. It’s a lively area known for nightlife and entertainment.
  – Ernest Hemingway home and museum: The former residence of the famous author, offering insights into his life and works.
  – Mallory Square: Famous for its sunset celebrations where locals and tourists gather to watch street performers and enjoy the sunset over the Gulf of Mexico.
• Outdoor Activities: Key West is a popular destination for water sports, including snorkeling, diving and fishing. The surrounding coral reefs are ideal for exploring marine life.

Population:

• Population (2023): 25,103
• Median Age (2022): 45
• Residents Under 18 (2023): 14.4%
• Residents Over 65 (2023) 20%
• Population by Sex (2023): 54% male, 46% female
• Married population ( 2023 ): 52%
• Population Change (2010 – 2020): Appx. same
• Homeowners and Renters (2022): 46% homeowners, 54% renters
• Poverty Rate compared to the US National average (2022): 13.2% vs the national average of 11.5%

Demographics (2022):

• White Non Hispanic – 55.4%
• Black Non Hispanic – 12.3%
• White Hispanic – 9%
• Multiracial Hispanic – 8.7%,
• Other Hispanic – 3.57%

*Prices shown are based only on activity for the dates specified

Income:

• Median Household Income (2022): $80,828
• Avg. per capita Income (2022): $56,080

Tax:

• County Property Tax Rate: .69% of a property’s assessed fair market value (2023)
• Combined State and County Sales Tax Rate: 7.5% (2023)

Cost of Living:

• Cost of Living compared to the US National average (2023): Higher
• Cost of Housing compared to the Florida average (2023): Significantly Higher
• Cost of Food compared to the US National average (2023): 4% Higher
• Cost of Healthcare compared to the US National average (2023): 4% Lower
• Cost of Utilities compared to the US National average (2023): 3% Higher
• Cost of Transportation compared to the US National average (2023): Higher

Political Affiliation 2024 Election ( Monroe County ): 

Democratic – 58.8%

Republican – 410.5

Other – .7%

Largest Employers: Naval Air Station Key West, Monroe County School District, and various tourism-related businesses

School Ratings: Varies by school but generally have good ratings

Coastal: Yes

Average Low and High Temperatures: Low 23.3 °C, High 27.9

Fun Facts: Key West is the southernmost city in the continental United States and known for its colorful, historic architecture, as well as being the home of famous writer Ernest Hemingway.

Location and Amenities:

 

Highways:

• Key West is connected to the Florida mainland by the Overseas Highway ( U.S. Route 1 ), which extends from Key Largo to Key West.

International Airports:

• Miami International Airport is appx. 160 miles north ( 0ver 3 hours by car )
• Key West does have an international airport ( Key West International Airport ) offering limited international flights.

Universities and Colleges:

• There are no major universities or colleges in Key West. The closest major universities and colleges are found in Miami.

Hospitals:

• Lower Keys Medical Center
• For specialized care, Miami would be the closest major city

Shopping:

• Key West has various shopping and boutiques, but has no large shopping malls

Major Cities:

• Miami is appx. 160 miles north

Amenities/Attractions:

• Beaches, water sports, museums, historic sites, bars, restaurants, and vibrant nightlife.

Short Term Rental Regulations:

** All short term rental operations in Florida must obtain a business license from the Florida Department of Business and Professional Regulation ( DBPR ) and a Florida Department of Revenue Certificate of Sales and Use. ** Short term rental regulations can be subject to change and should always be confirmed with city / towns or county departments.

Restrictions:

• Not all areas in Monroe County allow short term rentals. Zoning restrictions apply. For details about zoning please visit website below
• Rental periods for 28 days or less and more than 3 times per calendar year are considered short term rentals in Monroe County

For more information visit: monroecounty-fl.gov