Key West, FL (33040) is a popular coastal destination known for its abundance of activities and vibrant culture. The area boasts an array of restaurants, attractions, historical sites, and boutique shops. 2 Bedroom rent in this area is $4,000 per month on average while the US average for 2 bedroom rent is $1,430. Groceries are also more expensive with a Grocery Cost Index of 115 compared to 100 in the US. There are several well-known companies and organizations in Key West including Florida Keys Electric Cooperative Inc., Southernmost Transportation Service LLC, and Key West Citizen. The educational landscape is comprised of local schools such as Gerald Adams Elementary School and Key West High School.
Key West (zip 33040) has an unemployment rate of 3.2%. The US average is 6.0%.
Key West (zip 33040) has seen the job market decrease by -9.5% over the last year. Future job growth over the next ten years is predicted to be 14.9%, which is lower than the US average of 33.5%.
Tax Rates for Key West (zip 33040)
- The Sales Tax Rate for Key West (zip 33040) is 7.5%. The US average is 7.3%.
- The Income Tax Rate for Key West (zip 33040) 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 (zip 33040)
- The average income of a Key West (zip 33040) resident is $47,833 a year. The US average is $37,638 a year.
- The Median household income of a Key West (zip 33040) resident is $73,884 a year. The US average is $69,021 a year.