Living in Key Colony Beach, Florida
Cost of living, income, home prices, rent and demographics of Key Colony Beach · Census data 2020–2024
Key Colony Beach has 511 residents with a median age of 66.5. The median household income is $94,231 (26% higher than the Florida median), the median home value is $919,800, the median rent is $1,929/month.
Key Colony Beach is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Key Colony Beach at a glance
- Population
- 511
- Median age
- 66.5State: 42.6
- Median household income
- $94,231State: $74,568
- Median home value
- $919,800State: $359,000
- Median rent
- $1,929/moState: $1,669
- Homeowners
- 68.1%
- Bachelor's degree or higher
- 43.8%
- Average commute
- 10 min
Is Key Colony Beach a good place to live?
Pros: Median household income 26% higher than the Florida median; an average commute of 10 minutes; a poverty rate of 8.2%.
Cons: Home values 156% higher than the state median.
The weather is best in December to March.
Cost of living in Key Colony Beach
Housing is the biggest part of the cost of living. In Key Colony Beach the median home value is $919,800, 176% higher than the U.S. median. Renters pay a median of $1,929 per month, which is 37.3% of household income. Homeowners with a mortgage pay $3,364 a month in housing costs.
Key Colony Beach median household income
The median household income in Key Colony Beach is $94,231 and the income per person is $50,017. 8.2% of residents live below the poverty line (Florida: 12.6%).
Housing in Key Colony Beach: homes for sale and rent
- Housing units
- 1,105
- Owner-occupied
- 68.1%
- Renter-occupied
- 31.9%
- Vacant
- 74.5%Includes seasonal homes
- Median year built
- 1985
- Average household size
- 1.81
74.5% of homes are vacant most of the year, a sign that Key Colony Beach has many vacation and second homes.
Key Colony Beach demographics
- Population
- 511
- Median age
- 66.5
- Under 18
- 3.1%
- 65 and older
- 55.2%
- Households
- 282
- Foreign-born
- 8%
- Veterans
- 11.7%Adults 18+
Hispanic or Latino can be of any race. Population history of Key Colony Beach ›
Education in Key Colony Beach
43.8% of adults 25 and older in Key Colony Beach have a bachelor's degree or higher (Florida: 34.1%), and 13.9% have a graduate or professional degree.
Jobs and commute in Key Colony Beach
- Unemployment rate
- 0%State: 4.8%
- Average commute
- 10 minState: 28 min
- Work from home
- 5.2%
- Drive alone
- 69.3%
- Public transit
- 0%
- Walk to work
- 20.8%
- Homes with broadband
- 95.4%
Key Colony Beach vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Key Colony Beach | 511 | $94,231 | $919,800 | $1,929 |
| Marathon | 9,914 | $89,355 | $725,800 | $1,633 |
| Duck Key | 647 | $156,719 | $1,051,000 | $2,974 |
| Layton | 118 | $149,583 | $842,400 | $1,833 |
| Big Pine Key | 4,258 | $110,134 | $637,000 | $1,724 |
| Cudjoe Key | 2,492 | $87,500 | $857,400 | $1,864 |
| Islamorada, Village of Islands | 7,068 | $87,222 | $919,600 | $1,882 |
| Big Coppitt Key | 3,109 | $105,139 | $534,500 | $2,420 |
| Stock Island | 4,162 | $65,515 | $517,500 | $2,013 |
More for people moving to Key Colony Beach
Key Colony Beach ZIP code ›Weather and climate ›Living in Key Colony Beach: FAQ
What is the median household income in Key Colony Beach, FL?
The median household income in Key Colony Beach is $94,231, 26% 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 Colony Beach?
The median home value in Key Colony Beach is $919,800, compared with $359,000 in Florida.
How much is rent in Key Colony Beach?
The median gross rent in Key Colony Beach is $1,929 per month, about 37.3% of household income.
Is Key Colony Beach, FL a good place to live?
Pluses: median household income 26% higher than the Florida median; an average commute of 10 minutes; a poverty rate of 8.2%. Minuses: home values 156% higher than the state median.
What is the median age in Key Colony Beach?
The median age in Key Colony Beach is 66.5 years (Florida: 42.6).
How long is the commute in Key Colony Beach?
The average commute to work in Key Colony Beach is 10 minutes; 5.2% of workers work from home.
What is the unemployment rate in Key Colony Beach?
The unemployment rate in Key Colony Beach is 0% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Key Colony Beach?
43.8% of adults in Key Colony Beach 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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