Monroe County, FL

Comprehensive housing, income, and cost of living data for Monroe County, Florida. Population: 82.0K.

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Median Home Price

$881.0K

Based on 9 cities

Median Household Income

$82.4K

Annual household income

Price-to-Income Ratio

10.7x

Less affordable

Salary Needed to Buy

$220.7K

30-yr mortgage, 6.5% rate, 20% down

Housing & Finance

Annual Property Tax

$3,943

Average annual amount

Effective Tax Rate

0.45%

Property tax / home value

Monthly Housing Costs

Mortgage (P&I)$4,455

Property Tax$329

Insurance$367

Total Monthly$5,150

Historical Home Prices

2016

$526.6K

2017

$557.1K

+5.8%%

2018

$573.7K

+3.0%%

2019

$581.9K

+1.4%%

2020

$641.1K

+10.2%%

2021

$796.0K

+24.2%%

2022

$966.2K

+21.4%%

2023

$994.5K

+2.9%%

2024

$976.2K

-1.8%%

2025

$932.2K

-4.5%%

Source: County price history data via Zillow ZHVI

Demographics & Economics

Unemployment Rate

3.0%%

Below national average

Population Density

People per square mile

Homicide Rate

4.5

Low (per 100K residents)

Political Lean (2020)

Competitive

R+0

Racial Demographics

White

64.8%

Black

6.7%

Hispanic

24%

Asian

1.1%

Two or More Races

2.8%

Source: Census ACS 2023. Hispanic/Latino ethnicity counted separately from race.

Climate & Environment

Average Temperature

77°F

Annual average

Sunny Days

203

Days per year

Annual Rainfall

52.0"

Inches per year

Natural Disaster Risk

High Risk

Score: 92/100

January Low

20°F

Average winter low

July High

84°F

Average summer high

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