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Key Colony Beach, Florida Demographics & Population 2026

During the 2020–2024 ACS period, Key Colony Beach, Florida had a total population of 511, the 853rd largest city in Florida, with a median household income of $94,231, which is 26% higher than the state average. The poverty rate is 8.2%.

Data vintage: U.S. Census Bureau ACS 2020–2024 5-Year Estimates · refreshed July 2026 · Methodology & source notes

Key Takeaways

Key Colony Beach Quick Facts

Population 511
Median Household Income $94,231
Median Home Value $919,800
Poverty Rate 8.2%
Unemployment Rate 0.0%
Median Age 66.5 years
Homeownership Rate 68.1%
Affordability Ratio 9.8x
Bachelor's Degree or Higher 43.8%
High School Graduation Rate 97.4%
Diversity Index 17/100
Population 511 853rd of 955
Median Income $94,231 top 30%
Poverty Rate 8.2% 34% lower than national
Median Home Value $919,800 top 10%

How Key Colony Beach Changed

Change from the 2019–2023 ACS period to 2020–2024. These are rolling five-year estimates, not year-over-year measurements.

Metric2019–20232020–2024Change
Population525511-2.7%
Median household income$94,531$94,231-0.3%
Median home value$834,800$919,800+10.2%

How Key Colony Beach Compares

Economy & Housing

Household Income Distribution

Under $25K 11.7%
$25K-$50K 17.0%
$50K-$100K 27.3%
$100K+ 44.0%
Detailed income brackets
Under $10K
3.9%
$10K-$15K
0.0%
$15K-$20K
7.8%
$20K-$25K
0.0%
$25K-$30K
3.9%
$30K-$35K
6.7%
$35K-$40K
0.0%
$40K-$45K
3.9%
$45K-$50K
2.5%
$50K-$60K
3.2%
$60K-$75K
14.9%
$75K-$100K
9.2%
$100K-$125K
27.7%
$125K-$150K
1.1%
$150K-$200K
11.3%
$200K+
3.9%

Employment

0.0% Unemployment Rate State: 4.8%|National: 5.2%
45.9% Labor Force Participation

Housing Overview

Owner 68.1%
Renter 31.9%
Affordability Index Very Expensive
9.8x home value to income ratio
Median gross rent $1,929/mo 24.6% of median household income annually

People & Demographics

Diversity Index

17out of 100
Very Low Diversity

A less diverse community where one racial or ethnic group represents a large majority.

State average: 65 | National average: 61

Education

Key Colony Beach Rankings in Florida

#853 Population of 955
#220 Median Income of 911
#222 Education of 955
#38 Home Value of 901

Other Cities in Monroe County

CityPopulationMedian IncomePovertyHome Value
Key West 25,720 $87,037 10.9% $852,400
Key Largo 13,026 $85,778 9.9% $643,900
Marathon 9,914 $89,355 13.4% $725,800
Islamorada 7,068 $87,222 6.9% $919,600
Big Pine Key 4,258 $110,134 10.7% $637,000
Stock Island 4,162 $65,515 11.5% $517,500
Big Coppitt Key 3,109 $105,139 4.7% $534,500
Cudjoe Key 2,492 $87,500 8.6% $857,400
Tavernier 2,413 $50,256 17.6% $613,700
North Key Largo 1,808 $149,605 28.1% $2,000,000+

Cities Similar to Key Colony Beach

These cities in the same state have comparable population and economic profiles.

CityPopulationMedian IncomeHome ValueBachelor's+Poverty
Wiscon499N/AN/A2.6%15.2%
Spring Lake563$92,614$448,40016.8%4.0%
Reddick573N/A$126,40011.1%26.4%
Pineland455$99,167$533,00039.0%3.5%
Hillsboro Pines457$84,651$692,9006.1%3.7%

A note before these figures: with a population of 511, Key Colony Beach's ACS estimates come from a small number of survey responses and carry wide margins of error. Individual percentages below — particularly rates that round to 0% or 100% — are approximations, not precise measurements. See data.census.gov for the published margins of error.

Population Overview

Key Colony Beach is a small community located in Florida, within Monroe County. The total population is 511. It ranks as the 853rd most populous out of 955 Census-designated places in Florida.

Age Demographics

The median age in Key Colony Beach is 66.5 years. This is 56% higher than the state median of 42.6 years. Only 3.1% of residents are under 18, indicating fewer families with children. 30.7% of residents are 75 or older, suggesting a significant retirement-age population with implications for healthcare services and senior housing.

Economy, Income & Housing

The median household income in Key Colony Beach is $94,231. This is 26% higher than the state median of $74,568. It is also 17% higher than the national median of $80,734. The poverty rate stands at 8.2%. This is 35% lower than the state poverty rate of 12.6%. The survey records no unemployed residents in Key Colony Beach, which reflects the size of the sample rather than a labor market without joblessness. The median home value is $919,800. Housing costs are 156% higher than the state median of $359,000. The home-value-to-income ratio of 9.8x suggests that housing affordability is a significant concern for many residents. 68.1% of occupied housing units are owner-occupied.

Race & Ethnicity

Key Colony Beach has a predominantly White (non-Hispanic) population, comprising 90.6% of all residents. Hispanic or Latino residents account for 9.4%. The White (non-Hispanic) population is significantly higher than the state average (90.6% vs 50.4%). The Hispanic or Latino population (9.4%) is well below the state average of 27.4%.

Education

43.8% of residents aged 25 and older hold a bachelor's degree or higher. This is 28% higher than the state rate of 34.2%. Nationally, 35.7% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 97.4%.

Data Sources & Methodology

All demographic data for Key Colony Beach, Florida is sourced from the U.S. Census Bureau's American Community Survey (ACS) 2020–2024 5-Year Estimates. The ACS collects data from approximately 3.5 million households annually and pools five years of responses so that even small communities can be measured, though the margin of error widens as the population falls. Comparisons are made against Florida state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 955 Census-designated places in Florida. Read more about how these figures are produced on our methodology page, or visit data.census.gov for official data.

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Frequently Asked Questions

What is the population of Key Colony Beach, Florida?

Key Colony Beach, Florida has a population of 511 according to the most recent U.S. Census ACS 5-Year Estimates.

What is the median household income in Key Colony Beach, FL?

The median household income in Key Colony Beach is $94,231, which is 17% higher than the national median of $80,734.

What is the poverty rate in Key Colony Beach, FL?

The poverty rate in Key Colony Beach is 8.2%. This means approximately 42 residents live below the federal poverty line.

What is the racial makeup of Key Colony Beach, Florida?

Key Colony Beach's population is 90.6% White, 0.0% Black, 9.4% Hispanic/Latino, and 0.0% Asian.

What is the median home value in Key Colony Beach, FL?

The median home value in Key Colony Beach is $919,800. The home-value-to-income ratio is 9.8x.

How educated is Key Colony Beach, Florida?

43.8% of adults (25+) in Key Colony Beach hold a bachelor's degree or higher, and 13.9% hold a graduate or professional degree.