Key West, FL Metro Area is a vibrant city located in the southern tip of Florida. The area is known for its beautiful beaches, lush landscapes, and amazing nightlife. It also has an incredible culinary scene with many restaurants offering a diverse variety of cuisines. The cost of living in Key West is higher than other areas in Florida, with the average two bedroom rent being $2,020 compared to the US average of $1,430. However, this is offset by many local companies and events that help make living in Key West worthwhile. One such company is Key Lime Pie Company which offers delicious key lime pies made with locally sourced ingredients. Other popular local businesses include café con leche spots like El Cafecito de Misisipi and Cuban-inspired eatery Bodeguita del Medio. As far as entertainment goes there are plenty of special events such as the annual Key West Music Festival featuring different genres from blues to rock & roll music or the spectacular Fantasy Fest where locals and visitors alike celebrate tropical culture through art, dance and costume contests.
Key West Metro Area has an unemployment rate of 3.3%. The US average is 6.0%.
Key West Metro Area has seen the job market decrease by -7.2% over the last year. Future job growth over the next ten years is predicted to be 9.7%, which is lower than the US average of 33.5%.
Tax Rates for Key West Metro Area
- The Sales Tax Rate for Key West Metro Area is 7.5%. The US average is 7.3%.
- The Income Tax Rate for Key West Metro Area is 0.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Key West Metro Area
- The average income of a Key West Metro Area resident is $34,424 a year. The US average is $28,555 a year.
- The Median household income of a Key West Metro Area resident is $73,153 a year. The US average is $69,021 a year.