Monroe County, Florida
Income Data
At a Glance
How Monroe County Compares
Detailed Income Statistics
Data Story
About Household Income in Monroe County, Florida
Monroe residents earn above national average
Monroe County's median household income of $82,430 tops the national median of $74,755 by $7,675, placing the county well above the typical American household. This reflects the Keys' unique economy driven by tourism, marine commerce, and affluent retirees.
Among Florida's highest earners
Monroe's median household income of $82,430 ranks in Florida's top tier, exceeding the state average of $65,468 by $16,962. The county's per capita income of $57,683 is the highest among the eight counties analyzed.
Highest income, highest cost
Monroe County leads the region with $82,430 in median household income, surpassing Martin County ($80,701) and Nassau County ($88,900 when accounting for cost of living). However, the Keys' median home value of $723,800 is nearly double that of any neighboring county.
High income offset by steep housing costs
Monroe's rent-to-income ratio of 28.5% approaches the stress threshold despite strong household earnings, reflecting the extraordinary cost of living in the Florida Keys. Residents with median incomes struggle more than those in lower-cost regions, even with higher absolute earnings.
Wealth-building in a premium market
Monroe County's high incomes support aggressive savings and investment, but housing costs require disciplined financial planning to build equity. Consider long-term wealth strategies that account for the Keys' unique market dynamics and seasonal income fluctuations.
Frequently Asked Questions
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Your income is above the Monroe County median
County median: $82,430 per year
vs. County Median
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vs. State Average
+26%
vs. National Median
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Income Adequacy
Your monthly income ($6,869) vs. median rent ($1,959/mo). A ratio of 3.3x or higher means rent is under 30% of income.
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Compare RatesData: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.