North Key Largo, FL Profile: Facts & Data

The North Key Largo CDP⁽¹⁾ had a population of 1,395 as of July 1, 2024. North Key Largo ranks in the lower quartile for Population Density and Diversity Index when compared to the other cities, towns and Census Designated Places (CDPs) in Florida. See peer rankings below.

The primary coordinate point for North Key Largo is located at latitude 25.2673 and longitude -80.3234 in Monroe County. The formal boundaries for the North Key Largo Census Designated Place encompass a land area of 18.59 sq. miles and a water area of 0.99 sq. miles. Monroe County is in the Eastern time zone (GMT -5).

The North Key Largo Census Designated Place has a U1 Census Class Code which indicates a census designated place with an official federally recognized name. It also has a Functional Status Code of "S" which identifies a statistical entity.

Florida is one of 20 states where Census County Divisions (CCDs) are used for statistical tracking of subdivisions within each county. The North Key Largo Census Designated Place is located within Upper Keys CCD of Monroe County.

A Census Designated Place (CDP) is a statistical counterpart to a self-governing (incorporated) place such as a city, town, or village. A CDP is not a legal entity and has no governmental functions.

North Key Largo, FL Data & Demographics (As of July 1, 2024)

POPULATION
Total Population	1,395 (100%)
Population in Households	1,395 (100.0%)
Population in Families	1,069 (76.6%)
Population in Group Quarters¹	0
Population Density	75
Diversity Index²	34


INCOME
Median Household Income	$111,263
Average Household Income	$199,395
% of Income for Mortgage⁴	100%
Per Capita Income	$103,200
Wealth Index⁵	299
Socioeconomic Status Index⁶	Moderate (61.5)

HOUSING
Total HU (Housing Units)	1,672 (100%)
Owner Occupied HU	642 (38.4%)
Renter Occupied HU	80 ( 4.8%)
Vacant Housing Units	950 (56.8%)
Median Home Value	$1,925,373
Average Home Value	$1,525,896
Housing Affordability Index³	24

HOUSEHOLDS
Total Households	722
Average Household Size	1.93
Family Households	451
Average Family Size	2.00

NOTES

Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.
The Socioeconomic Index ranges from zero (lowest relative status) to 100 (highest relative status). This measure quantifies disparities in social position of an area's inhabitants and is built from a broad range of demographic, housing, and socioeconomic inputs. More information on this measure can be found in Esri's SEI tutorial.

North Key Largo, FL - Peer Comparisons by Rank and Percentile

The table below compares North Key Largo to the other 955 incorporated cities, towns and CDPs in Florida by rank and percentile using July 1, 2024 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

GROWTH RATE / YEAR	2020-2024	2024-2029
Population	-0.60%	-0.59%
Households	0.26%	-0.33%
Families		-0.45%
Median Household Income		2.10%
Per Capita Income		3.37%
Owner Occupied HU		-0.06%

Variable Description	Rank	Percentile
Total Population	# 745	22nd
Population Density	# 924	3rd
Median Household Income	# 98	90th
Housing Affordability Index	# 32	3rd
Per Capita Income	# 26	97th
Diversity Index	# 780	18th

North Key Largo, FL Profile: Facts & Data

North Key Largo, Florida - Basic Facts

North Key Largo, FL Data & Demographics (As of July 1, 2024)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

North Key Largo, FL - Peer Comparisons by Rank and Percentile

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