Living in Key Largo, Florida
Cost of living, income, home prices, rent and demographics of Key Largo · Census data 2020–2024
Key Largo has 13,026 residents with a median age of 49.6. The median household income is $85,778 (15% higher than the Florida median), the median home value is $643,900, the median rent is $1,887/month.
Key Largo at a glance
- Population
- 13,026
- Median age
- 49.6State: 42.6
- Median household income
- $85,778State: $74,568
- Median home value
- $643,900State: $359,000
- Median rent
- $1,887/moState: $1,669
- Homeowners
- 76.2%
- Bachelor's degree or higher
- 39%
- Average commute
- 26 min
Is Key Largo a good place to live?
Pros: Median household income 15% higher than the Florida median; an average commute of 26 minutes; unemployment of 3.8%; a poverty rate of 9.9%.
Cons: Home values 79% higher than the state median.
The weather is best in December to March.
Cost of living in Key Largo
Housing is the biggest part of the cost of living. In Key Largo the median home value is $643,900, 94% higher than the U.S. median. Renters pay a median of $1,887 per month, which is 33.8% of household income. Homeowners with a mortgage pay $2,627 a month in housing costs.
Key Largo median household income
The median household income in Key Largo is $85,778 and the income per person is $52,959. 9.9% of residents live below the poverty line (Florida: 12.6%).
Housing in Key Largo: homes for sale and rent
- Housing units
- 8,740
- Owner-occupied
- 76.2%
- Renter-occupied
- 23.8%
- Vacant
- 39.8%Includes seasonal homes
- Median year built
- 1983
- Average household size
- 2.47
39.8% of homes are vacant most of the year, a sign that Key Largo has many vacation and second homes.
Key Largo demographics
- Population
- 13,026
- Median age
- 49.6
- Under 18
- 15.4%
- 65 and older
- 27%
- Households
- 5,263
- Foreign-born
- 22.6%
- Veterans
- 9.6%Adults 18+
Hispanic or Latino can be of any race. Population history of Key Largo ›
Education in Key Largo
39% of adults 25 and older in Key Largo have a bachelor's degree or higher (Florida: 34.1%), and 14.5% have a graduate or professional degree.
Jobs and commute in Key Largo
- Unemployment rate
- 3.8%State: 4.8%
- Average commute
- 26 minState: 28 min
- Work from home
- 11.6%
- Drive alone
- 68.9%
- Public transit
- 1.4%
- Walk to work
- 1.7%
- Homes with broadband
- 91.2%
Key Largo vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Key Largo | 13,026 | $85,778 | $643,900 | $1,887 |
| Tavernier | 2,413 | $50,256 | $613,700 | $1,966 |
| North Key Largo | 1,808 | $149,605 | $2,000,001 | — |
| Islamorada, Village of Islands | 7,068 | $87,222 | $919,600 | $1,882 |
| Florida City | 12,943 | $47,482 | $399,200 | $1,362 |
| Homestead | 82,807 | $65,423 | $380,000 | $1,674 |
| Homestead Base | 1,125 | $7,969 | — | — |
| Leisure City | 27,808 | $41,977 | $375,100 | $1,723 |
| Naranja | 15,796 | $53,984 | $372,100 | $1,713 |
More for people moving to Key Largo
Key Largo ZIP code ›Weather and climate ›Living in Key Largo: FAQ
What is the median household income in Key Largo, FL?
The median household income in Key Largo is $85,778, 15% 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 Largo?
The median home value in Key Largo is $643,900, compared with $359,000 in Florida.
How much is rent in Key Largo?
The median gross rent in Key Largo is $1,887 per month, about 33.8% of household income.
Is Key Largo, FL a good place to live?
Pluses: median household income 15% higher than the Florida median; an average commute of 26 minutes; unemployment of 3.8%; a poverty rate of 9.9%. Minuses: home values 79% higher than the state median.
What is the median age in Key Largo?
The median age in Key Largo is 49.6 years (Florida: 42.6).
How long is the commute in Key Largo?
The average commute to work in Key Largo is 26 minutes; 11.6% of workers work from home.
What is the unemployment rate in Key Largo?
The unemployment rate in Key Largo is 3.8% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Key Largo?
39% of adults in Key Largo 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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