Living in Cedar Key, Florida
Cost of living, income, home prices, rent and demographics of Cedar Key · Census data 2020–2024
Cedar Key has 875 residents with a median age of 65.8. The median household income is $64,375 (14% lower than the Florida median), the median home value is $378,000, the median rent is $873/month.
Cedar Key is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Cedar Key at a glance
- Population
- 875
- Median age
- 65.8State: 42.6
- Median household income
- $64,375State: $74,568
- Median home value
- $378,000State: $359,000
- Median rent
- $873/moState: $1,669
- Homeowners
- 78.2%
- Bachelor's degree or higher
- 49.9%
- Average commute
- 27 min
Is Cedar Key a good place to live?
Pros: An average commute of 27 minutes.
Cons: Median household income 14% lower than the Florida median; home values 5% higher than the state median; unemployment of 7.3%; a poverty rate of 26.7%.
The weather is best in March–April and October–November.
Cost of living in Cedar Key
Housing is the biggest part of the cost of living. In Cedar Key the median home value is $378,000, 14% higher than the U.S. median. Renters pay a median of $873 per month, which is 51% of household income. Homeowners with a mortgage pay $1,708 a month in housing costs.
Cedar Key median household income
The median household income in Cedar Key is $64,375 and the income per person is $44,980. 26.7% of residents live below the poverty line (Florida: 12.6%).
Housing in Cedar Key: homes for sale and rent
- Housing units
- 795
- Owner-occupied
- 78.2%
- Renter-occupied
- 21.8%
- Vacant
- 44.7%Includes seasonal homes
- Median year built
- 1978
- Average household size
- 1.97
44.7% of homes are vacant most of the year, a sign that Cedar Key has many vacation and second homes.
Cedar Key demographics
- Population
- 875
- Median age
- 65.8
- Under 18
- 11.8%
- 65 and older
- 52.1%
- Households
- 440
- Foreign-born
- 3.7%
- Veterans
- 15.3%Adults 18+
Hispanic or Latino can be of any race. Population history of Cedar Key ›
Education in Cedar Key
49.9% of adults 25 and older in Cedar Key have a bachelor's degree or higher (Florida: 34.1%), and 28.9% have a graduate or professional degree.
Jobs and commute in Cedar Key
- Unemployment rate
- 7.3%State: 4.8%
- Average commute
- 27 minState: 28 min
- Work from home
- 32.2%
- Drive alone
- 52.2%
- Public transit
- 0%
- Walk to work
- 4.8%
- Homes with broadband
- 93.9%
Cedar Key vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Cedar Key | 875 | $64,375 | $378,000 | $873 |
| Yankeetown | 675 | $60,865 | $335,100 | $1,108 |
| Otter Creek | 142 | $63,295 | $30,800 | — |
| Inglis | 1,742 | $56,500 | $180,700 | $344 |
| Manatee Road | 2,426 | $51,708 | $155,400 | — |
| Andrews | 1,275 | $52,955 | $117,700 | $1,112 |
| Fanning Springs | 942 | $53,618 | $187,100 | $859 |
| Crystal River | 3,638 | $54,405 | $332,100 | $880 |
| Bronson | 1,600 | $61,923 | $169,900 | $869 |
More for people moving to Cedar Key
Cedar Key ZIP code ›Weather and climate ›Living in Cedar Key: FAQ
What is the median household income in Cedar Key, FL?
The median household income in Cedar Key is $64,375, 14% lower than the Florida median of $74,568 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Cedar Key?
The median home value in Cedar Key is $378,000, compared with $359,000 in Florida.
How much is rent in Cedar Key?
The median gross rent in Cedar Key is $873 per month, about 51% of household income.
Is Cedar Key, FL a good place to live?
Pluses: an average commute of 27 minutes. Minuses: median household income 14% lower than the Florida median; home values 5% higher than the state median; unemployment of 7.3%; a poverty rate of 26.7%.
What is the median age in Cedar Key?
The median age in Cedar Key is 65.8 years (Florida: 42.6).
How long is the commute in Cedar Key?
The average commute to work in Cedar Key is 27 minutes; 32.2% of workers work from home.
What is the unemployment rate in Cedar Key?
The unemployment rate in Cedar Key is 7.3% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Cedar Key?
49.9% of adults in Cedar Key have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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