Monroe County, Florida

Income Data

+26% vs. Florida average
$82,430
Median Household Income
$57,683
Per Capita Income

At a Glance

Median Household Income
$82,430
+26% vs. state avg
Per Capita Income
$57,683
+46% vs. national
Income-to-Housing Ratio
11.4%
income as % of home value
Rank in Florida
#7 / 67
by median household income

How Monroe County Compares

Monroe County$82,430
Florida Average$65,468
National Median$74,755

Detailed Income Statistics

$82,430
Median Household Income
$57,683
Per Capita Income
$723,800
Median Home Value
11.4%
Income-to-Housing Ratio

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

What is the median household income in Monroe County, Florida?
The median household income in Monroe County, Florida is $82,430, according to U.S. Census Bureau American Community Survey 2019-2023 5-Year Estimates. This represents the midpoint of all household incomes in the county.
How much do people earn in Monroe County?
The per capita income in Monroe County is $57,683, which represents the average income per person across the entire county population. The median household income — which accounts for all earners in a household — is $82,430.
How does Monroe County compare to the Florida average?
Monroe County's median household income of $82,430 is higher than the Florida state average of $65,468. The per capita income is $57,683, compared to the state average of $35,698.
What is the per capita income in Monroe County, Florida?
The per capita income in Monroe County, Florida is $57,683, according to U.S. Census Bureau American Community Survey 2019-2023 5-Year Estimates. Per capita income is calculated by dividing total personal income by total population, providing an average income figure per resident.
Why is Monroe County income higher than the Florida average?
Monroe County's median household income of $82,430 is higher than the Florida average of $65,468. This difference of $16,962 can be attributed to factors such as local industry mix, proximity to major employment centers, educational attainment levels, and cost of living. Counties with higher incomes often have a greater concentration of professional and technical occupations.
How does Monroe County rank for income in Florida?
Monroe County ranks #7 out of 67 counties in Florida by median household income (1 = highest). With a median household income of $82,430 and per capita income of $57,683, it falls in the top third of counties statewide.

Income Comparison Calculator

See how your household income compares in Monroe County

$
1.00x

Your income is above the Monroe County median

County median: $82,430 per year

vs. County Median

+0%

vs. State Average

+26%

vs. National Median

+10%

vs. Monroe County MedianAbout equal
vs. Florida Average26% above
vs. National Median10% above

Income Adequacy

Monthly income covers median rent3.5x

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.

Sponsored

Grow Your Wealth

See how your income stacks up in Monroe County, Florida? Start investing smarter with a robo-advisor that builds a diversified portfolio for you.

Start Investing

Counties with Similar Income Levels

Sponsored

Compare Financial Products in Florida

Compare savings accounts, CDs, and money market rates from top banks to make the most of your earnings.

Compare Rates

Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.