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Key Largo, Florida Demographics & Population 2026

During the 2020–2024 ACS period, Key Largo, Florida had a total population of 13,026, the 296th largest community in Florida, with a median household income of $85,778, which is 15% higher than the state average. The poverty rate is 9.9%.

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

Key Takeaways

Key Largo Quick Facts

Population 13,026
Median Household Income $85,778
Median Home Value $643,900
Poverty Rate 9.9%
Unemployment Rate 3.8%
Median Age 49.6 years
Homeownership Rate 76.2%
Affordability Ratio 7.5x
Bachelor's Degree or Higher 39.1%
High School Graduation Rate 93.4%
Diversity Index 50/100
Population 13,026 296th of 955
Median Income $85,778 above average
Poverty Rate 9.9% 20% lower than national
Median Home Value $643,900 top 20%

How Key Largo 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
Population12,06913,026+7.9%
Median household income$78,906$85,778+8.7%
Median home value$626,300$643,900+2.8%

How Key Largo Compares

Economy & Housing

Household Income Distribution

Under $25K 12.6%
$25K-$50K 13.2%
$50K-$100K 32.1%
$100K+ 42.1%
Detailed income brackets
Under $10K
4.5%
$10K-$15K
4.0%
$15K-$20K
1.8%
$20K-$25K
2.3%
$25K-$30K
3.5%
$30K-$35K
2.1%
$35K-$40K
1.9%
$40K-$45K
3.6%
$45K-$50K
2.1%
$50K-$60K
6.7%
$60K-$75K
11.7%
$75K-$100K
13.7%
$100K-$125K
8.8%
$125K-$150K
7.0%
$150K-$200K
10.9%
$200K+
15.4%

Employment

3.8% Unemployment Rate State: 4.8%|National: 5.2%
57.5% Labor Force Participation

Housing Overview

Owner 76.2%
Renter 23.8%
Affordability Index Very Expensive
7.5x home value to income ratio
Median gross rent $1,887/mo 26.4% of median household income annually

People & Demographics

Diversity Index

50out of 100
Moderate Diversity

Moderate diversity with one or two groups making up the majority.

State average: 65 | National average: 61

Education

Key Largo Rankings in Florida

#296 Population of 955
#293 Median Income of 911
#289 Education of 955
#102 Home Value of 901

Other Cities in Monroe County

CityPopulationMedian IncomePovertyHome Value
Key West 25,720 $87,037 10.9% $852,400
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+
Duck Key 647 $156,719 13.0% $1,051,000

Cities Similar to Key Largo

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

CityPopulationMedian IncomeHome ValueBachelor's+Poverty
Conway12,928$87,405$405,80041.5%8.9%
North Palm Beach13,238$90,049$513,00050.2%7.7%
Pasadena Hills13,505$84,821$338,90032.1%4.3%
Highland City13,276$90,947$347,10033.1%5.9%
Miami Springs13,726$87,099$560,80040.8%10.0%

Population Overview

Key Largo is a small city located in Florida, within Monroe County. The total population is 13,026. It ranks as the 296th most populous out of 955 Census-designated places in Florida.

Age Demographics

The median age in Key Largo is 49.6 years. This is 16% higher than the state median of 42.6 years. 12.3% 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 Largo is $85,778. This is 15% higher than the state median of $74,568. It is also 6% higher than the national median of $80,734. The poverty rate stands at 9.9%. This is 21% lower than the state poverty rate of 12.6%. The unemployment rate is 3.8%. This is 22% lower than the state rate of 4.8%. The median home value is $643,900. Housing costs are 79% higher than the state median of $359,000. The home-value-to-income ratio of 7.5x suggests that housing affordability is a significant concern for many residents. 76.2% of occupied housing units are owner-occupied. This homeownership rate is 13% higher than the state average of 67.6%.

Race & Ethnicity

The largest racial or ethnic group in Key Largo is White (non-Hispanic), making up 62.7% of the population. Hispanic or Latino residents account for 33.0%. The Black or African American population (1.6%) is well below the state average of 14.6%. The Asian population (0.2%) is well below the state average of 2.9%.

Education

39.1% of residents aged 25 and older hold a bachelor's degree or higher. This is 14% 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 93.4%.

Data Sources & Methodology

All demographic data for Key Largo, 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 Largo, Florida?

Key Largo, Florida has a population of 13,026 according to the most recent U.S. Census ACS 5-Year Estimates.

What is the median household income in Key Largo, FL?

The median household income in Key Largo is $85,778, which is 6% higher than the national median of $80,734.

What is the poverty rate in Key Largo, FL?

The poverty rate in Key Largo is 9.9%. This means approximately 1,287 residents live below the federal poverty line.

What is the racial makeup of Key Largo, Florida?

Key Largo's population is 62.7% White, 1.6% Black, 33.0% Hispanic/Latino, and 0.2% Asian.

What is the median home value in Key Largo, FL?

The median home value in Key Largo is $643,900. The home-value-to-income ratio is 7.5x.

How educated is Key Largo, Florida?

39.1% of adults (25+) in Key Largo hold a bachelor's degree or higher, and 14.5% hold a graduate or professional degree.