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Situation & Outlook Report

Key West, FL Micropolitan Statistical Area
(CBSA 28580)
Geographic-Demographic-Economic Characteristics -- access other areas
See about updates.

This section is no longer being updated. Access the permanent replacement section at http://proximityone.com/cbsa/1/cbsa28580.htm. Please bookmark this new URL.

Access 2018 S&O Reports, featuring county and metro projections to 2030, via the interactive table at http://proximityone.com/metros.htm. The 2018 reports are similar but have been greatly expanded and updated.

Contents of this Report
This document is organized into these sections:
1. Recent Trends & Outlook
2. Overview & Updates
3. Reference & Thematic Pattern Maps
3.1. Lay of the Land
3.2. Neighborhood Patterns of Economic Prosperity
4. Population Characteristics & Trends
4.1. Component City Characteristics
4.2. Component County Characteristics
4.2.1. RDEMS Component County Characteristics
4.3. General Demographic Characteristics
5. Housing Characteristics & Trends
5.1. Total Housing Units
5.2. General Housing Characteristics
5.3. Residential Construction; Housing Units Authorized & Value
5.4. Housing Price Index
6. Economic Characteristics & Trends
6.1. Economic Profile
6.2. Cost of Living Indexes
6.3. Cost of Doing Business Indexes
6.4. Consumer Price Index
6.5. Gross Domestic Product
6.6. Establishments, Employment & Earnings by Type of Business
6.7. Labor Market Characteristics & Trends
7. Education Infrastructure
7.1. Component School District Characteristics
7.2. Component Higher Education Institution Characteristics
8. GeoPolitics
  Terms of Use
  Related Resources
  Using this Document
  Updates
  About Metros & Principal Cities
  Glossary


1. Recent Trends & Outlook
Summary of recent business, demographic, economic trends; year-ahead & 5-year outlook.
- the Recent Trends & Outlook section, updated quarterly, covers topics about this metro such as .. assessing the implications of next jobs report .. impact of Fed''s interest rate action .. which sectors are expanding or contracting .. housing market conditions .. insights to help your planning and decision-making. The Recent Trends & Outlook section is available in the subscription edition.

2. Overview & Update
The total population of the Key West, FL MISA metro changed from 73,213 in 2010 to 76,858 in 2015, a change of 4,269 (5.8%). Among all 917 metros, this metro was ranked number 467 in 2010 and 454 in 2015, based on total population. Annual net migration was 818 (2011), 690 (2012), 1,327 (2013), 562 (2014), 562 (2015). View annual population estimates and components of change table. See more about population characteristics below.

This metro is projected to have a total population in 2020 of 79,584. The projected population change from 2010 to 2020 is 6,358 (8.7%). The population ages 65 years and over is projected to change from 13,045 (2010) to 21,565 (2020), a change of 8,520 (65.3%). See more about population projections.

Based on per capita personal income (PCPI), this metro was ranked number 6 in 2008 and 11 in 2014. among the 917 metros for which personal income was estimated.The PCPI changed from $68,598 in 2008 to $69,593 in 2014, a change of $995 (1.5%). Per capita personal income (PCPI) is a comprehensive measure of individual economic well-being. Use the interactive table to compare PCPI in this metro to other metros. See more about PCPI in Economic Characteristics section below.

Attributes of driil-down, small area geography within the metro ... metros account for 65,744 of the national scope 73,056 census tracts (others are in non-metro areas). This metro is comprised of 31 tracts covering the metro wall-to-wall. View, rank, compare demographic-economic attributes of these tracts using the interactive tables. Use the CBSA code 28580; see table usage details below the table.

3. Lay of the Land & Neighborhood Patterns of Economic Prosperity   go top

3.1. Lay of the Land go top
Lay of the Land. The following map shows the metro with bold boundary.
Counties are labeled with county name and state-county FIPS code.

 
  View developed with CV XE GIS software.   See this section to learn about making custom metro maps.

3.2. Patterns of Economic Prosperity by Neighborhood go top

Median household income by census tract (see color/data legend at left of map).

 
  View developed with CV XE GIS software.   See this section to learn about making custom metro maps.

4. Population Characteristics & Trends go top
Updated monthly, quarterly, annually. Housing market conditions and extended detail Available in subscription edition.

4.1. Component City Characteristics go top
Principal Cities (about principal cities); Click link to view city profile.
  •   Key West

Cities 10,000 population and over; click link to view city profile.
  AreaCensus
2010
July 1
2010
July 1
2011
July 1
2012
July 1
2013
July 1
2014
Change
2010-14
%Change
2010-14
  Key West, FL (1236550) 24,649 24,686 24,897 25,135 25,562 25,704 1,018 4.10

All places interactive tables General Demographics | Social | Economic | Housing
All places time series population estimates interactive table.

4.2. Component County Characteristics   go top
Updated periodically, annually. General demographics, social characteristics and extended detail Available in subscription edition.

Metropolitan areas are defined as one or more contiguous counties based on a set of demographic-economic criteria. Counties comprising the metro are shown below. For multi-county metros, this section provides insights into how the population is changing by county. Many metros changed geographic composition (counties included in the metro) between the Census 2010 vintage and the current vintage. These changes, if any, are also shown below (county is marked with **). See projections in related section.Click county code link to view county components of change.

  AreaJuly 1
2010
PctJuly 1
2011
PctJuly 1
2012
PctJuly 1
2013
PctJuly 1
2014
PctJuly 1
2015
Pct
Metro Summary ... more details 197,069 100.0 202,628 100.0 202,375 100.0 202,173 100.0 203,483 100.0 204,275 100.0
  Monroe County (12087) 73,213 37.2 74,067 36.6 74,835 37.0 76,265 37.7 76,858 37.8 77,482 37.9

All counties interactive tables General Demographics | Social | Economic | Housing
All counties population estimates & components of change time series interactive table.

4.2.1. RDEMS County Characteristics
Updated quarterly. For more information, see RDEMS Main.
Links open HSG1 Housing & New Residential Construction section. Select other sections from list above table.
  Monroe County, FL

4.3. General Demographic Characteristics
Updated annually. For more information, detail & to compare areas use interactive table.
  Item20132014Change
2013-14
%Change
2013-14
Total Population: Race/Origin 76,351 77,136 785 1.03
  One race 74,527 75,721 1,194 1.60
    White 66,533 69,347 2,814 4.23
    Black/African American 66,533 69,347 2,814 4.23
    American Indian/Alaska Native 12 164 152 1266.67
    Asian alone 1,245 741 -504 -40.48
    Native Hawaiian/Pacific Islander 0 0 0...
    Some other race alone 2,490 395 -2,095 -84.14
  Two or more races 1,824 1,415 -409 -22.42
  Hispanic or Latino (of any race) 16,542 17,312 770 4.65
Population 25 years and over 58,689 57,594 -1,095 4.65
  % high school graduate or higher 89.5 91.6 2.1 2.35
  % bachelor's degree or higher 30.2 30.2 0.0 0.00
Total Households 26,426 28,065 1,639 0.00
  Median household income ($) 50,838 59,388 8,550 16.82
  Mean household income ($) 81,735 82,076 341 0.42
  Item20132014Change
2013-14
%Change
2013-14
Total Population: Gender & Age 76,351 77,136 785 1.03
  Male 39,404 40,465 1,061 0.42
  Female 36,947 36,671 -276 0.42
  Under 5 years 3,913 3,703 -210 0.42
  5 to 9 years 3,141 3,530 389 12.38
  10 to 14 years 2,340 2,546 206 8.80
  15 to 19 years 3,773 4,750 977 25.89
  20 to 24 years 4,495 5,013 518 11.52
  25 to 34 years 7,160 8,422 1,262 17.63
  35 to 44 years 9,213 9,099 -114 -1.24
  45 to 54 years 13,441 11,725 -1,716 -12.77
  55 to 59 years 7,233 6,427 -806 -11.14
  55 to 59 years 7,233 6,427 -806 -11.14
  60 to 64 years 6,613 6,018 -595 -9.00
  65 to 74 years 9,805 9,992 187 1.91
  75 to 84 years 3,322 3,874 552 16.62
  85 years and over 1,902 2,037 135 7.10
  Median age 48.2 46.1 -2.1 -4.36
  18 years and over 64,935 65,576 641 0.99
  21 years and over 61,347 61,784 437 0.71
  62 years and over 19,002 19,385 383 2.02
  65 years and over 15,029 15,903 874 5.82

5. Housing Characteristics & Trends go top
Updated monthly, quarterly, annually. Housing market conditions and extended detail Available in subscription edition.

5.1. Total Housing Units
Updated Annually. Independent annual model-based estimates. For more information, detail & to compare areas use interactive table.
  ItemCensus
2010
July 1
2010
July 1
2011
July 1
2012
July 1
2013
July 1
2014
Change
2010-2014
%Change
2010-2014
  Total Housing Units 52,764 52,753 52,857 52,834 52,902 52,935 182 0.35

5.2. General Housing Characteristics
Updated Annually. For more information, detail & to compare areas use interactive table.
  Item20132014Change
2013-14
%Change
2013-14
Housing Units: Units in Structure 52,657 52,927 270 0.51
  1-unit, detached 26,840 24,948 -1,892 -7.05
  1-unit, attached 3,510 3,028 -482 -13.73
  2 units 2,657 3,274 617 23.22
  3 or 4 units 2,554 2,448 -106 -4.15
  5 to 9 units 2,000 3,329 1,329 66.45
  10 to 20 units 1,950 3,305 1,355 69.49
  20 or more units 5,082 4,743 -339 -6.67
  Item20132014Change
2013-14
%Change
2013-14
Housing Units: Occupancy & Tenure 52,657 52,927 270 0.51
  Occupied Housing Units 26,426 28,065 1,639 6.20
    Owner 16,285 16,270 -15 -0.09
    Renter 10,141 11,795 1,654 16.31
  Vacant Housing Units 26,231 24,862 -1,369 -5.22
  Homeowner vacancy rate 7.90 3.60 -4.30...
  Rental vacancy rate 21.40 21.40 0.00...
Average household size; owner-occ 2.73 2.34 -0.39 -14.29
Average household size; renter-occ 2.92 3.03 0.11 3.77
Median Value $ owner occupied 356,200 417,000 60,800 17.07
Median Rent $ renter occupied 1,210 1,437 227 18.76

6. Economic Characteristics & Trends go top

6.1. Economic Profile go top
The Economic Profile shows shows derivation and key components of total personal income. Data are organized by place of residence and place of work. The place of residence profile includes estimates of total personal income, population, and per capita personal income. The place of work profile includes estimates of total earnings, total employment and average earnings per job. Updated annually. See related interactive table.

  Item20112012201320142015Change
2011-2015
%Change
2011-2015
Personal income 4,775,953 5,286,235 5,115,921 5,531,958 5,765,374 989,421 20.7
  Net earnings 1/ 1,929,106 2,029,755 2,022,065 2,130,939 2,294,326 365,220 18.9
  Personal current transfer receipts 546,357 527,655 553,910 593,077 627,410 81,053 14.8
    Income maintenance 2/ 40,582 39,542 41,695 41,288 41,484 902 2.2
    Unemployment insurance compensation 13,050 8,211 5,963 2,677 1,376 -11,674 -89.5
    Retirement and other 492,725 479,902 506,252 549,112 584,550 91,825 18.6
  Dividends, interest, and rent 3/ 2,300,490 2,728,825 2,539,946 2,807,942 2,843,638 543,148 23.6
  Population 4/ 74,067 74,835 76,265 76,858 77,482 3,415 4.6
  Per capita personal income 64,482 70,639 67,081 71,976 74,409 9,927 15.4
  Per capita net earnings 26,045 27,123 26,514 27,726 29,611 3,566 13.7
  Per capita personal current transfer receipts 7,377 7,051 7,263 7,717 8,097 720 9.8
    Per capita income maintenance 548 528 547 537 535 -13 -2.4
    Per capita unemployment insurance compensation 176 110 78 35 18 -158 -89.8
    Per capita retirement and other 6,652 6,413 6,638 7,145 7,544 892 13.4
  Per capita dividends, interest, and rent 31,060 36,465 33,304 36,534 36,701 5,641 18.2
  Earnings by place of work 2,145,664 2,256,641 2,279,752 2,403,529 2,587,880 442,216 20.6
    Wages and salaries 1,561,048 1,606,050 1,624,593 1,725,001 1,865,753 304,705 19.5
    Supplements to wages and salaries 365,168 376,715 379,970 390,071 418,316 53,148 14.6
      Employer cont. for empl. pension & insur. funds 6/ 247,558 254,436 258,905 263,534 284,907 37,349 15.1
      Employer cont. for government social insurance 117,610 122,279 121,065 126,537 133,409 15,799 13.4
    Proprietors' income 219,448 273,876 275,189 288,457 303,811 84,363 38.4
      Nonfarm proprietors' income 0 0 0 0 0 0...
      Farm proprietors' income 219,448 273,876 275,189 288,457 303,811 84,363 38.4
Total full-time and part-time employment 54,583 56,237 57,962 60,169 62,780 8,197 15.0
  Wage and salary jobs 38,328 39,672 40,541 42,084 44,107 5,779 15.1
  Number of proprietors 16,255 16,565 17,421 18,085 18,673 2,418 14.9
    Number of nonfarm proprietors 7/ 0 0 0 0 0 0...
    Number of farm proprietors 16,255 16,565 17,421 18,085 18,673 2,418 14.9
Average earnings per job (dollars) 39,310 40,127 39,332 39,946 41,221 1,911 4.9
  Average wages and salaries 40,729 40,483 40,073 40,989 42,301 1,572 3.9
  Average nonfarm proprietors' income 13,500 16,533 15,796 15,950 16,270 2,770 20.5
Dollar items are in current dollars (not adjusted for inflation). Per capita items in dollars; other dollar items in thousands of dollars.
See related notes.

6.2. Cost of Living Indexes   go top
Updated periodically. Available in subscription edition.

6.3. Cost of Doing Business Indexes   go top
Updated periodically. Available in subscription edition.

6.4. Consumer Price Index   go top
Updated monthly. Available in subscription edition.

6.5. Gross Domestic Product by Sector   go top
Updated quarterly, annually. For more information, detail & to compare areas use interactive table. Additional detail in subscription edition.

6.6. Establishments, Employment & Earnings by Detailed Type of Business go top
Updated quarterly. For more information, detail & to compare areas use interactive table.

Use the following links to access detailed establishment and employment data by type of business (CSV files).
  .. see notes on using these files.
  2013Q1 .. 2013Q2 .. 2013Q3 .. 2013Q4 .|. 2014Q1 .. 2014Q2 .. 2014Q3 .. 2014Q4 .|. 2015Q1 .. 2015Q2 .. 2015Q3 .. 2015Q4 .. 2016Q1 .. 2016Q2
 
6.7. Labor Market Characteristics & Trends go top
Updated monthly. Available in subscription edition.
For more information, detail & to compare areas use interactive table.
Table shows 13 most recent months.
  ItemAug15Sep15Oct15Nov15Dec15Jan16Feb16Mar16Apr16May16Jun16Jul16Aug16
Unemplymnt Rate 3.6 3.4 3.3 3.2 3.1 3.3 3.1 3.1 3.0 2.9 3.1 3.3 3.1
Unemployment 1,638 1,529 1,503 1,462 1,414 1,560 1,461 1,459 1,397 1,343 1,453 1,558 1,436
Employment 44,308 43,893 44,201 44,378 44,715 45,258 45,858 45,904 44,940 45,377 45,472 45,423 45,137
Labor Force45,94645,42245,70445,84046,12946,81847,31947,36346,33746,72046,92546,98146,573

7. Education Infrastructure   go top

7.1. Component School District Characteristics   go top
Districts in this metro. Updated periodically. See related School District interactive table.
District NameCity Name District
Code
Locale
Code
CountyState2012-13
Enrollment
2013 Total
Population
Grade Relevant
Pop Ages 5-17
MonroeKey West 12013203312087FL 8,358 76,351 7,939

Number of districts: 1 ... Total enrollment: 8,358
All school districts interactive tables General Demographics | Social | Economic | Housing
All school districts enrollment & adminstratively reported data interactive table.

7.2. Component Higher Education Institution Characteristics   go top
2014-15 School Year. Extended detail Available in subscription edition.
  Institution City Name Code LevelTotal UG EnrollmentFulltime UG EnrollmentTotal Grad EnrollmentFulltime Grad Enrollment
Florida Keys Community College Key West, FL1339604 1,033 378 0 0

  Number of institutions: 1 ... Total undergraduate enrollment: 1,033
  Levels: 3-Assoc degree, 4-at least 2, but < 4 years, 5-Bach degree, 6-Postbacc cert, 7 Masters degree, 8 Post-masters cert, 9 Doctors degree

8. GeoPolitics   go top
Updated periodically. Voting patterns, citizen voting age population, state legislative districts, congressional districts .. in this metro.
Available in subscription edition.

Notes
  • All data are for current vintage county and metro definition.
  • Developed by ProximityOne -- Metro Reports (888-364-7656)
  • Data sources: ProximityOne, Census Bureau, Bureau of Economic Analysis, Bureau of Labor Statistics, Federal Housing Finance Agency,
    National Center for Education Statistics.

Updates go top
The subscription edition updates frequently. Selected items are listed below. Register to receive update notifications.
  • Overview lead narrative; quarterly & annual/March.
  • Housing Price Index (section 5.4) quarterly.
  • Establishments, employment & earnings (section 6.6) quarterly.
  • Economic profile and personal income (section 6.1) annual/November.
  • Labor market situation (section 6.7) monthly.
  • Residential construction; units authorized & value (section 5.3.) monthly.
  • Population by county; annual series 2010-2016 (section 4.2.) annual/July.
  • Population by county; links for individual counties (section 4.2.) annual/July.
      -- includes annual data 2010-2016.
      -- includes components of change; race/origin; single year of age; age group summaries.
  • Total population and components of change; annual/March.
  • Census tracts overview section; annual/December.
  • General Demographics section updated/extended; annual/December.
  • Gross Domestic Product section; annual/September.
  • Higher education institutions; annual/February.
  • Metro & county demographic component detailed annual estimates; annual/March.
  • School districts in metro & K-12 enrollment; annual/August.
More about schedule and upcoming events ... Calendar ... Upcoming Events ... Find Event

Terms of Use go top
Situation & Outlook Reports are a proprietary resource developed by ProximityOne. There is no warranty of any type associated with any aspect of this report. The user of this document is solely responsible to any use, direct or indirect, that might be made of this document.

Related Resources go top
  • Metros main page
  • Current estimates and projections: states to 2030, counties & metros to 2020 by age, counties & states to 2060.
  • Making Custom Metropolitan Area Maps
  • Rental Market Conditions by Metropolitan Area
  • Metro Gross Domestic Product
  • Housing Price Index
  • Establishments, Employment & Earnings
  • Regional Economic Information System
  • ACS 2014 1-year General Demographics ... Social Characteristics ... Economic Characteristics ... Housing Characteristics

Using this Document go top
The Situation & Outlook Report, a component of the Situation & Outlook, is a core ProximityOne information resource providing insights into characteristics and trends of counties, metropolitan areas, states and the U.S. The Report also provides a gateway to drill-down demographic, economic and business data for smaller geographic areas.

Metropolitan areas include approximately 94 percent of the U.S. population -- 85 percent in metropolitan statistical areas (MSAs) and 9 percent in micropolitan statistical areas (MISAs).

About Metropolitan Areas & Principal Cities -- scroll section go top
Metropolitan Areas are designated by OMB ("Standards for Delineating Metropolitan and Micropolitan Statistical Areas") based mainly on Census Bureau-sourced data. Metropolitan areas are defined as Metropolitan Statistical Areas (MSA) and Micropolitan Statistical Areas (MISA). MSAs and MISAs are also referred to a Core-Based Statistical Areas (CBSAs). Contiguous CBSAs are defined as Combined Statistical Areas (CSA).

By definition, metropolitan areas are comprised of one or more contiguous counties. Metropolitan areas are not single cities and typically include many cities. Metropolitan areas are comprised of urban and rural areas and often have large expanses of rural territory. A business and demographic-economic synergy exists within each metro; metros often interact with adjacent metros. The demographic-economic make-up of metros vary widely and change often. See more about metros.

Principal Cities. The largest city in each metropolitan or micropolitan statistical area is designated a "principal city." Principal cities are designated by OMB based on Census-sourced data. Additional cities qualify as principal cities if specified requirements are met concerning population size and employment. The title of each metropolitan or micropolitan statistical area consists of the names of up to three of its principal cities and the name of each state into which the metropolitan or micropolitan statistical area extends. Titles of metropolitan divisions also typically are based on principal city names but in certain cases consist of county names.

One or more principal cities are designated within each Metropolitan Statistical Area (MSA) and Micropolitan Statistical Area (MISA). The term "principal city" is defined in the OMB "Standards for Delineating Metropolitan and Micropolitan Statistical Areas." A principal city is an OMB designation applied to one or more incorporated places and/or census designated places (CDPs). The OMB standards designate a Principal City (or Cities) of a Core-Based Statistical Area (CBSA) as determined by:
  a) The largest incorporated place with a 2010 Census population of at least 10,000 in the CBSA or,
        if no incorporated place of at least 10,000 population is present in the CBSA,
        the largest incorporated place or census designated place in the CBSA; and
  b) Additional places with 2010 Census population of at least 250,000 or in which 100,000 or more persons work; and
  c) Additional places with 2010 Census population of 50,000-250,000,
        and number of workers working in the place meets or exceeds the number of workers living in the place; and
  d) Additional places with 2010 Census population of 10,000-50,000, and at least one-third the population size of the largest place,
        and in which the number of workers working in the place meets or exceeds the number of workers living in the place.

ProximityOne User Group go top
Join the ProximityOne User Group to keep up-to-date with new developments relating to metros and component geography decision-making information resources. Receive updates and access to tools and resources available only to members. Use this form to join the User Group.

Support Using these Resources go top
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Additional Information go top
ProximityOne develops geographic-demographic-economic data and analytical tools and helps organizations knit together and use diverse data in a decision-making and analytical framework. We develop custom demographic/economic estimates and projections, develop geographic and geocoded address files, and assist with impact and geospatial analyses. Wide-ranging organizations use our tools (software, data, methodologies) to analyze their own data integrated with other data. Follow ProximityOne on Twitter at www.twitter.com/proximityone. Contact us (888-364-7656) with questions about data covered in this section or to discuss custom estimates, projections or analyses for your areas of interest.

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