Groundwork

Small-town market profile · Florida

Key West-Key Largo, FL area market data

How the Key West-Key Largo area compares with other small-town markets for 56 business types: competitors, household spending, official counts and growth.

Population, 2025
80,406
−2.9% since 2020
Households
34,405
Median household income
$87,738
+25.3% vs. 2015–2019, before inflation
Median home value
$780,600
Jobs located here
41,028
Highest market score
78
Funeral homes, #34 of 365 scored small-town markets

A site report maps the competitors on map listings around any address in the Key West-Key Largo area by name and distance, and the households and spending within reach. Or open the report at the center of the Key West-Key Largo area. Signed out, you see a blurred preview; on an account, each report is one action.

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Survey estimates 2020–2024 · population estimates 2025 · official business counts 2023 · map listings September 2026 · Data credits · How we measure

What this means

The Key West-Key Largo area has an estimated 80,406 people and 34,405 households. Population estimates put the population change in the Key West-Key Largo area from 2020 to 2025 at −2.9%, against +3.1% for the U.S. Median household income in the Key West-Key Largo area is $87,738, 9% above the U.S. median of $80,734. Against the 2015–2019 survey, the median rose 25.3%, before inflation.

Relative to the U.S., household spending in the Key West-Key Largo area runs highest on lawn care, cleaning and other household services (an index of 117, where 100 is the U.S. average) and lowest on vehicle maintenance and repairs (87).

Of the business types scored in the Key West-Key Largo area, funeral homes (78), child care centers and preschools (69) and collision repair and body shops (58) have the highest Groundwork market scores. For funeral homes, that ranks #34 of 365 scored small-town markets.

The Key West-Key Largo area is made up of one county, Monroe County. Against the U.S., map listings per household run highest for yoga, Pilates and fitness studios (3.8 times the U.S. rate) and lowest for insurance agencies (35% below the U.S. rate).

All 56 business types in the Key West-Key Largo area

Highest Groundwork market score first. Each score compares the Key West-Key Largo area with other small-town markets for that business type, from 0 to 100. Spending per listing divides a whole spending line (all vehicle repairs, all eating out) by one type’s listings: the demand for each competitor, not a business’s revenue. Compare it across markets with its index, where 100 is the U.S. figure for the same type; the real estate types, whose line is all housing costs, show the index only. How the score works.

Every business type in Key West-Key Largo, FL area, highest Groundwork market score first, with its rank among small-town markets, listings, listings per 10,000 households, spending per listing and official establishments
Business typeScoreRank among small-town marketsListingsPer 10k householdsSpending per listingSpending per listing vs. U.S. (100)Official establishments
Funeral homes78#34 of 36551.5$1.2M1713
Child care and preschools69#79 of 454164.7$1.2M12414
Collision repair and body shops58#122 of 38772.0$4.1M1346
Roofing and gutters57#106 of 288164.7$7M825
Optometrists and eye care56#154 of 400144.1$3M975
Insurance agencies55#214 of 5373510.2$2.2M17337
Pet stores51#102 of 22092.6$3.9M878
Tire shops50#213 of 43172.0$4.1M165Under 3
Pet grooming and boarding48#209 of 387185.2$2M7711
Veterinarians48#217 of 398185.2$2M7213
Fast food and sandwich shops47#298 of 5375415.7$2.7M8977
Convenience stores47#313 of 5294212.2$5.3M6713
Pet businesses47#315 of 5274814.0$739K8432
Auto repair and car care45#321 of 53812135.2$238K8931
Auto repair shops45#331 of 5386920.1$418K9425
Landscaping and lawn care44#241 of 399226.4$2.6M8871
Barbershops39#258 of 377236.7$1.5M80Under 3
Physical therapy39#283 of 400185.2$2.4M9915
Pizza38#380 of 5204312.5$3.4M6777
Electricians37#229 of 295164.7$7M5850
Mortgage brokers and lenders36#136 of 177216.1Index only705
Primary care and pediatrics36#337 of 458226.4$1.9M10984
Laundromats33#123 of 150144.1$5.2M425
Chiropractors32#360 of 426236.7$1.9M7714
Car washes and detailing32#363 of 441185.2$1.6M644
Martial arts and dance studios31#319 of 378226.4$1.4M7116
Grocery stores31#419 of 5063610.5$6.2M6631
Grocery and convenience stores31#449 of 53811132.3$2M5944
Hair salons31#468 of 5389627.9$360K8433
Pest control29#72 of 85154.4$3.8M3711
Dentists and orthodontists29#456 of 5264212.2$1M10331
House cleaning28#130 of 142185.2$3.2M4942
Gas stations28#471 of 5365616.3$1.6M6752
Nail salons27#333 of 387319.0$1.1M679
Coffee shops and cafes26#497 of 52911934.6$1.2M3326
Lawn, cleaning and pest control25#453 of 4815516.0$1M62124
Gyms25#467 of 5064713.7$675K5217
Bakeries and dessert shops25#483 of 5078524.7$1.7M4232
Home repair trades25#502 of 5268023.3$1.4M57121
Property management24#171 of 180216.1Index only4973
HVAC and plumbing24#454 of 4764814.0$2.3M4966
Spas and skin care23#474 of 5048223.8$421K4812
Clothing and shoe stores23#488 of 53614642.4$502K40107
Clothing, shoes and laundry23#492 of 53621261.6$346K39118
Doctors, dentists and clinics23#495 of 53831591.6$135K89149
Gyms, studios and classes22#502 of 53510029.1$317K4833
Restaurants and cafes22#507 of 5381,178342.4$125K34366
Sit-down restaurants22#519 of 538678197.1$217K33261
Salons, barbers and spas22#519 of 53823367.7$148K7055
Real estate agents and brokers20#532 of 533387112.5Index only27194
Real estate20#535 of 536435126.4Index only30301
Yoga, Pilates and fitness studios19#111 of 112319.0$1M2517
Home inspectorsNot scoredNot scored61.7Index only367
Dry cleanersNot scoredNot scored51.5$14.7M946
Urgent care and walk-in clinicsNot scoredNot scored41.2$10.7M43Under 3
Oil change and quick lubeNot scoredNot scored00.0None listedNone listedUnder 3

Household spending in the Key West-Key Largo area

What households here spend in a year on each line, in total and per household, with the index against the U.S. average (100).

Annual household spending in Key West-Key Largo, FL area by line, per household, and against the U.S.
Spending lineA year, all householdsPer householdIndex vs. U.S. (100)
Vehicle maintenance and repairs$28.8M$83887
Gasoline and other fuels$89.4M$2,599100
Food away from home$147.2M$4,278105
Groceries$222.2M$6,457102
Personal care products and services$34.5M$1,003100
Child care and other personal services$19.9M$579100
Memberships, classes and admissions$31.7M$92294
Medical and dental services$42.6M$1,23996
Pets$35.5M$1,032113
Clothing, shoes and related services$73.3M$2,131104
Vehicle insurance$75.8M$2,204113
Home repairs, maintenance and insurance$111.3M$3,235107
Lawn care, cleaning and other household services$56.8M$1,651117
Rent and homeowner costs$570.2M$16,57399

Household spending is estimated from the incomes of the households in each neighborhood, using what households at each income spent nationally in 2024, adjusted for the region. It counts what residents spend, wherever they spend it.

Population and households in the Key West-Key Largo area

Population, 2025 estimate
80,406−2.9% since 2020
Households
34,405
Median age
48.9
Homes lived in by their owners
66%
Vehicles per household
1.7
Land area
983 sq. mi.
People per square mile
83
Median household income
$87,738+25.3% vs. 2015–2019, before inflation
Average household income
$136,520
Median home value
$780,600
Jobs located here
41,028
Daytime population
79,622Residents who don’t work, plus everyone whose job is here

Looking at a specific site in the Key West-Key Largo area?

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Questions

How fast is the Key West-Key Largo, FL area growing?

Population estimates put the Key West-Key Largo area at 80,406 people in 2025, down 2.9% since 2020, against +3.1% for the U.S. It has 34,405 households. Median household income rose 25.3% from the 2015–2019 survey, before inflation.

How much do households in the Key West-Key Largo, FL area spend?

Households in the Key West-Key Largo area spend about $570.2M a year on rent and homeowner costs, $222.2M on groceries and $147.2M on food away from home. Set against the U.S., households in the Key West-Key Largo area spend the most on lawn care, cleaning and other household services (an index of 117, where 100 is the U.S. average) and the least on vehicle maintenance and repairs (87).

Which business types have the highest market scores in the Key West-Key Largo, FL area?

The highest Groundwork market scores in the Key West-Key Largo area are for funeral homes (78), child care centers and preschools (69) and collision repair and body shops (58). The Key West-Key Largo area ranks #34 of 365 scored small-town markets for funeral homes.

How does the Key West-Key Largo, FL area compare with the U.S.?

The median household income in the Key West-Key Largo area is $87,738 a year, 9% above the U.S. median of $80,734. The population fell 2.9% from 2020 to 2025, against +3.1% for the U.S. The median home value is $780,600, against $332,700 for the U.S. For its number of households, the Key West-Key Largo area has the most map listings, relative to the U.S., for yoga, Pilates and fitness studios (3.8 times the U.S. rate) and the fewest for insurance agencies (35% below the U.S. rate).

What is the Groundwork market score?

The Groundwork market score runs from 0 to 100 and compares a market with others of its kind for one business type: states with states, metro areas with metro areas, small-town markets and counties with their own. A small-town market is a town of 10,000 to 50,000 people and the county or counties tied to it by commuting. It weighs household spending per competitor (35%), households per business with payroll (25%), population growth (20%) and spending power (20%), each ranked against those peers. A higher score means that, taken together, the market has more household spending and more households for each business already there, faster population growth and more spending per household than similar markets. It describes a market, not any one site or deal. 52 of the 56 business types have a score in the Key West-Key Largo area, each ranked against other small-town markets.

How can I see the market around a specific site?

Run a Groundwork site report on an address in the Key West-Key Largo area. It maps the competitors on map listings near the site and sizes the households and spending within the distance you choose. New accounts get 10 actions over 3 days, no card.

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Screening a site or an acquisition in the Key West-Key Largo area?

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The button opens the report at the center of the Key West-Key Largo area. Signed out, you see a blurred preview; on an account, each report is one action.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

Figures are estimates for research only. Not investment or real estate advice.