Median Age
45 Years
Largest Age Group
35-44 Years
Approximately 15% of Residents
Under 20
19%
Over 65
21%
Avg Rent
$2,611
Population
21,249
Renter Mix
57% Rent
Living in Key West combines island paradise with rich cultural heritage in the southernmost city of the continental United States. Located just 90 nautical miles from Cuba, this island community offers housing options from historic bungalows in Old Town to contemporary condominiums in New Town. The rental market remains competitive, with average rents ranging from $2,529 for one-bedroom units to $3,636 for three-bedroom homes, reflecting a 3-6% year-over-year increase. Notable areas include the historic Old Town district, showcasing classic Conch-style architecture along Duval Street, and the Casa Marina area, home to beachfront properties near the landmark Casa Marina Hotel.
Beyond its clear waters and palm-lined streets, Key West celebrates its distinctive character. The Ernest Hemingway Home and Museum stands as a testament to the island's literary significance. Fort Zachary Taylor Historic State Park provides beaches and snorkeling spots, while the Truman Annex neighborhood surrounds the historic Little White House. The 7-square-mile island features several parks and green spaces, and the Historic Seaport maintains its working waterfront charm. Each evening, Mallory Square hosts its signature sunset celebration, where visitors gather to enjoy street performances against ocean vistas. The island's heritage reflects Bahamian, Cuban, and American influences, creating an atmosphere that defines Key West's relaxed island lifestyle.
Key West Farmer's Market
View of Key West Marine Park
Median Household Income
$73,732
Average: $104,750
Education
9,823
Residents Have a Degree
Job Market
11,835
Workers Employed
Median Age
45 Years
Largest Age Group
35-44 Years
Approximately 15% of Residents
Under 20
19%
Over 65
21%
Housing Distribution
Key West has more renters than homeowners.
Education Distribution
Review this city's overall education levels.
As of April 2026, the average apartment rent in Key West, FL is $2,318 for a studio, $2,612 for one bedroom, $3,082 for two bedrooms, and $3,394 for three bedrooms. Apartment rent in Key West has decreased by -0.3% in the past year.
Explore how walkable, bikeable, drivable, and transit-friendly Key West, FL is for everyday living.
Fairly Walkable
Walkability
Limited Public Transit
Transit
Exceptionally Drivable
Drivability
Moderately Bikeable
Bikeability
Public
Grades K-8
531 Students
Public
Grades PK-5
570 Students
Public
Grades PK-8
94 Students
Gerald Adams Elementary School
Public
Grades PK-5
669 Students
Public
Grades PK-8
1,014 Students
Public
Grades K-8
531 Students
Public
Grades PK-8
94 Students
Public
Grades PK-8
1,014 Students
Public
Grades K-12
30 Students
Monroe Virtual Instruction Program
Public
Grades K-12
7 Students
The College Of The Florida Keys Academy
Public
Grades 9-12
Public
Grades 9-12
1,352 Students
Public
Grades 9-12
82 Students
Public
Grades K-12
30 Students
Monroe Virtual Instruction Program
Public
Grades K-12
7 Students
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† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in February 2026.
Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.