Islamorada, FL Economy


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Islamorada-Village of Islands, FL is a charming village located in Florida's Keys. Home to crystal clear waters, white beaches, and lush green foliage, this quaint location has something for everyone. From snorkeling to fishing charters, Islamorada-Village of Islands is known for its outdoor recreation and entertainment opportunities. The average 2 bedroom rent in this area is more expensive than the US average at $3,160 compared to $1,430 respectively. Grocery Cost Index in Islamorada-Village of Islands is also higher than the US at 115 versus 100 respectively. Local companies such as Ocean Outfitters provide visitors with fishing charters, drift boat trips, sightseeing rides and more. Islamorada Dive Center offers guided scuba tours and rentals while Lorelei Restaurant & Cabana Bar serves locally sourced seafood dishes with an unbeatable waterfront view. The cozy village of Islamorada-Village of Islands has plenty on offer from beautiful beaches to unique experiences that locals and visitors alike can enjoy year round.

Islamorada has an unemployment rate of 3.3%. The US average is 6.0%.

Islamorada 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 Islamorada
- The Sales Tax Rate for Islamorada is 7.5%. The US average is 7.3%.
- The Income Tax Rate for Islamorada 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 Islamorada
- The average income of a Islamorada resident is $43,406 a year. The US average is $28,555 a year.
- The Median household income of a Islamorada resident is $77,423 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyIslamorada, FloridaUnited States
  3.36
  -9.5%-6.2%
  9.7%33.5%
  7.5%6.2%
  0.0%4.6%
  $60,315$37,638
  $77,423$69,021
  $101,346$85,028
  Population by Occupation
  4.4%1.2%
  0.0%0.5%
  7.9%6.8%
  3.4%10.0%
  1.9%2.5%
  13.7%11.0%
  3.8%4.8%
  4.0%0.8%
  0.0%1.9%
  2.5%4.7%
  5.0%1.9%
  5.8%7.6%
  0.3%0.1%
  3.5%4.2%
  5.8%9.3%
  6.1%14.0%
  6.5%2.1%
  15.1%7.0%
  6.7%4.8%
  3.7%4.7%
Reviews for Islamorada
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Over 16 years ago

Islamorada is a unique and beautiful 4-island community in the Florida Keys. It has great boating and fishing opportunities and some great local restaurants. It has a  More

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Over 16 years ago

Great weather, friendly people. Great place to visit and live. Work is work wherever you live, so remember that if you live here you are not on vacation 24/7 like all  More

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Over 18 years ago

I have lived here 27 years and seen our lovely Islands become corporatized into condo haven. It is a lovely place, but it is changing so that the average person finds  More

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