Living in Key Biscayne, Florida
Cost of living, income, home prices, rent and demographics of Key Biscayne · Census data 2020–2024
Key Biscayne has 14,791 residents with a median age of 42.2. The median household income is $181,505 (143% higher than the Florida median), the median home value is $1,575,300, the median rent is $3,501/month.
Key Biscayne at a glance
- Population
- 14,791
- Median age
- 42.2State: 42.6
- Median household income
- $181,505State: $74,568
- Median home value
- $1,575,300State: $359,000
- Median rent
- $3,501/moState: $1,669
- Homeowners
- 66.6%
- Bachelor's degree or higher
- 77.2%
- Average commute
- 24 min
Is Key Biscayne a good place to live?
Pros: Median household income 143% higher than the Florida median; an average commute of 24 minutes; unemployment of 2.8%; a poverty rate of 5.5%.
Cons: Home values 339% higher than the state median.
The weather is best in December to March.
Cost of living in Key Biscayne
Housing is the biggest part of the cost of living. In Key Biscayne the median home value is $1,575,300, 373% higher than the U.S. median. Renters pay a median of $3,501 per month, which is 38.2% of household income. Homeowners with a mortgage pay $4,001 a month in housing costs.
Key Biscayne median household income
The median household income in Key Biscayne is $181,505 and the income per person is $106,219. 5.5% of residents live below the poverty line (Florida: 12.6%).
Housing in Key Biscayne: homes for sale and rent
- Housing units
- 7,310
- Owner-occupied
- 66.6%
- Renter-occupied
- 33.4%
- Vacant
- 32.4%Includes seasonal homes
- Median year built
- 1977
- Average household size
- 2.99
32.4% of homes are vacant most of the year, a sign that Key Biscayne has many vacation and second homes.
Key Biscayne demographics
- Population
- 14,791
- Median age
- 42.2
- Under 18
- 31.8%
- 65 and older
- 15.7%
- Households
- 4,945
- Foreign-born
- 58.1%
- Veterans
- 1.5%Adults 18+
Hispanic or Latino can be of any race. Population history of Key Biscayne ›
Education in Key Biscayne
77.2% of adults 25 and older in Key Biscayne have a bachelor's degree or higher (Florida: 34.1%), and 42.2% have a graduate or professional degree.
Jobs and commute in Key Biscayne
- Unemployment rate
- 2.8%State: 4.8%
- Average commute
- 24 minState: 28 min
- Work from home
- 34.6%
- Drive alone
- 51.2%
- Public transit
- 1.9%
- Walk to work
- 2%
- Homes with broadband
- 92.6%
Key Biscayne vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Key Biscayne | 14,791 | $181,505 | $1,575,300 | $3,501 |
| Fisher Island | 1,026 | $250,001 | $2,000,001 | — |
| Coral Gables | 49,802 | $134,216 | $1,089,900 | $2,373 |
| Miami | 459,745 | $62,462 | $518,100 | $1,758 |
| South Miami | 12,277 | $94,507 | $829,400 | $1,764 |
| Miami Beach | 82,031 | $72,856 | $556,700 | $1,826 |
| Pinecrest | 18,462 | $206,417 | $1,406,400 | $1,946 |
| West Miami | 7,162 | $61,274 | $488,800 | $2,210 |
| Glenvar Heights | 19,395 | $72,118 | $545,400 | $1,973 |
More for people moving to Key Biscayne
Key Biscayne ZIP code ›Weather and climate ›Living in Key Biscayne: FAQ
What is the median household income in Key Biscayne, FL?
The median household income in Key Biscayne is $181,505, 143% higher 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 Key Biscayne?
The median home value in Key Biscayne is $1,575,300, compared with $359,000 in Florida.
How much is rent in Key Biscayne?
The median gross rent in Key Biscayne is $3,501 per month, about 38.2% of household income.
Is Key Biscayne, FL a good place to live?
Pluses: median household income 143% higher than the Florida median; an average commute of 24 minutes; unemployment of 2.8%; a poverty rate of 5.5%. Minuses: home values 339% higher than the state median.
What is the median age in Key Biscayne?
The median age in Key Biscayne is 42.2 years (Florida: 42.6).
How long is the commute in Key Biscayne?
The average commute to work in Key Biscayne is 24 minutes; 34.6% of workers work from home.
What is the unemployment rate in Key Biscayne?
The unemployment rate in Key Biscayne is 2.8% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Key Biscayne?
77.2% of adults in Key Biscayne 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.
Last updated: