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Key Colony Beach, FL

This is a small community in a single neighborhood. As throughout the site, some neighborhood-level data are reserved for subscribers.





Overview


Key Colony Beach is a tiny coastal city (i.e. on the ocean, a bay, or inlet) located in the state of Florida. With a population of 771 people and just one neighborhood, Key Colony Beach is the 441st largest community in Florida.

Key Colony Beach home prices are not only among the most expensive in Florida, but Key Colony Beach real estate also consistently ranks among the most expensive in America.

Occupations and Workforce

Key Colony Beach is a decidedly white-collar city, with fully 97.37% of the workforce employed in white-collar jobs, well above the national average. Overall, Key Colony Beach is a city of sales and office workers, service providers, and professionals. There are especially a lot of people living in Key Colony Beach who work in sales jobs (34.21%), food service (13.16%), and management occupations (10.15%).

Also of interest is that Key Colony Beach has more people living here who work in computers and math than 95% of the places in the US.

Of important note, Key Colony Beach is also a city of artists. Key Colony Beach has more artists, designers and people working in media than 90% of the communities in America. This concentration of artists helps shape Key Colony Beach’s character.

One interesting thing about the economy is that relatively large numbers of people worked from their home: 15.41% of the workforce. While this number may seem small overall, as a fraction of the total workforce this is high compared to the rest of the county. These workers are often telecommuters who work in knowledge-based, white-collar professions. For example, Silicon Valley has large numbers of people who telecommute. Other at-home workers may be self-employed people who operate small businesses out of their homes.

Setting & Lifestyle

Another notable thing is that Key Colony Beach is a major vacation destination. Much of the city’s population is seasonal: many people own second homes and only live there part-time, during the vacation season. The effect on the local economy is that many of the businesses are dependent on tourist dollars, and may operate only during the high season. As the vacation season ends, Key Colony Beach’s population drops significantly, such that year-round residents will notice that the city is a much quieter place to live.

In addition, Key Colony Beach is home to many people who could be described as "urban sophisticates", which are people who are not only wealthy and employed in professional occupations, but highly educated to boot. Urban sophisticates have urbane tastes - whether they reside in a big or small city, a suburb, or a little town. Urban sophisticates support bookstores, quality clothing stores, enjoy luxury travel, and in big cities, they are truly the patrons of the arts, attending and supporting institutions such as opera, symphony, ballet, and theatre.

Key Colony Beach is also nautical, which means that parts of it are somewhat historic and touch the ocean or tidal bodies of water, such as inlets and bays. Quite often, nautical areas such as these attract visitors and locals who come to enjoy the scenery and various waterfront activities.

Compared to the rest of the country, citizens of Key Colony Beach spend much less time in their cars: on average, their commute to work is only 13.30 minutes. This also means that noise and pollution levels in the city are less than they would otherwise be.

As is often the case in a small city, Key Colony Beach doesn't have a public transportation system that people use for their commute.

Demographics

The education level of Key Colony Beach ranks among the highest in the nation. Of the 25-and-older adult population in Key Colony Beach, 47.72% have at least a bachelor's degree. The typical US community has just 21.84% of its adults holding a bachelor's degree or graduate degree.

The per capita income in Key Colony Beach in 2022 was $67,750, which is wealthy relative to Florida and the nation. This equates to an annual income of $271,000 for a family of four. However, Key Colony Beach contains both very wealthy and poor people as well.

The people who call Key Colony Beach home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Key Colony Beach residents report their race to be White. Important ancestries of people in Key Colony Beach include English, Irish, German, Polish, and Italian.

The most common language spoken in Key Colony Beach is English. Other important languages spoken here include Polish and Italian.

Notable & Unique Neighborhood Characteristics

Many things matter about a neighborhood, but the first thing most people notice is the way a neighborhood looks and its particular character. For example, one might notice whether the buildings all date from a certain time period or whether shop signs are in multiple languages. This particular neighborhood in Key Colony Beach, the neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

Real Estate

is a neighborhood that is on the ocean, a bay, or inlet. Many times, such places have amenities that bring locals and visitors to the waterfront for recreational activities or to check out the scenery. In some densely populated areas that are less financially well-off, the neighborhood waterfront can be relatively industrial and less open to recreation. In addition to being coastal, is a very nautical neighborhood, meaning that it is somewhat historic, walkable, densely populated and on the water. This gives the neighborhood a very nautical feel, with some seaside and shipping feel, which some may really enjoy the sights and sounds of.

In addition, despite all of the residential real estate here in the neighborhood, NeighborhoodScout has discovered that much of it is vacant. In resort or second-home vacation areas, this naturally occurs because homes and apartments are seasonally occupied, and empty for a portion of the year. In non-vacation or resort areas, however, this can be an indicator of property abandonment or a weak real estate market. The vacancy rate here is 64.8%, which is higher than 99.5% of all U.S. neighborhoods.

Furthermore, if you love row houses and attached homes, you will probably really like the neighborhood. The ambiance, the charm, of row houses is something special. And in sheer abundance of row houses, this neighborhood truly stands out. The real estate here has a higher proportion of row houses and attached homes than nearly any neighborhood in America. In fact, 24.1% of the residential real estate here is classified as row houses and attached homes.

People

Of note is NeighborhoodScout's research finding that the neighborhood has some of the lowest rates of children living in poverty of any neighborhood in the United States. In a nation where approximately 1 in 4 children are living in poverty, the community truly stands out from the rest in this regard.

In addition, if you are planning to retire in Florida, this neighborhood should be on your must-see list. For many reasons, may be considered a retiree's dream neighborhood. According to NeighborhoodScout's exclusive analysis and metrics, it's peaceful and quiet, has above average safety from crime compared to other neighborhoods in Florida, while also offering a diverse range of housing options. This, along with the vibrant mix of very educated seniors and other age groups who choose to live here, makes the neighborhood more retiree-friendly than 99.5% of neighborhoods in FL. If a Florida retirement is in your future, this neighborhood should be one of the places you visit.

Also, there is an especially high percentage of incarcerated people (1.6%) living in the neighborhood.

Modes of Transportation

In the neighborhood, walking to work is a real option for many. In fact, NeighborhoodScout's exclusive research reveals walking to and from work is the chosen way to commute for 15.4% of residents here. This is a higher proportion of walking commuters than we found in 97.2% of American neighborhoods. Get ready to put on your walking shoes if you move here!

Also, if your dream is to be able to ride your bike to work each day, look no further than this unique neighborhood. With 3.5% of residents in the neighborhood commuting on a bicycle to and from work daily, this neighborhood has more bicycle commuters than 96.6% of all neighborhoods in the U.S., according to NeighborhoodScout's exclusive analysis.

Diversity

Did you know that the neighborhood has more Cuban and Lebanese ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 14.9% of this neighborhood's residents have Cuban ancestry and 1.8% have Lebanese ancestry.

The Neighbors

There are two complementary measures for understanding the income of a neighborhood's residents: the average and the extremes. While a neighborhood may be relatively wealthy overall, it is equally important to understand the rate of people - particularly children - who are living at or below the federal poverty line, which is extremely low income. Some neighborhoods with a lower average income may actually have a lower childhood poverty rate than another with a higher average income, and this helps us understand the conditions and character of a neighborhood.

The neighbors in the neighborhood in Key Colony Beach are upper-middle income, making it an above average income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 73.4% of the neighborhoods in America. In addition, 0.0% of the children seventeen and under living in this neighborhood are living below the federal poverty line, which is a lower rate of childhood poverty than is found in 100.0% of America's neighborhoods.

A neighborhood is far different if it is dominated by enlisted military personnel rather than people who earn their living by farming. It is also different if most of the neighbors are clerical support or managers. What is wonderful is the sheer diversity of neighborhoods, allowing you to find the type that fits your lifestyle and aspirations.

In the neighborhood, 45.5% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is sales and service jobs, from major sales accounts, to working in fast food restaurants, with 34.9% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (14.3%), and 8.9% in government jobs, whether they are in local, state, or federal positions.

Languages

The most common language spoken in the neighborhood is English, spoken by 86.6% of households. Some people also speak Spanish (12.5%).

Ethnicity / Ancestry

Culture is the shared learned behavior of peoples. Undeniably, different ethnicities and ancestries have different cultural traditions, and as a result, neighborhoods with concentrations of residents of one or another ethnicities or ancestries will express those cultures. It is what makes the North End in Boston so fun to visit for the Italian restaurants, bakeries, culture, and charm, and similarly, why people enjoy visiting Chinatown in San Francisco.

In the neighborhood in Key Colony Beach, FL, residents most commonly identify their ethnicity or ancestry as English (18.4%). There are also a number of people of Cuban ancestry (14.9%), and residents who report Irish roots (13.7%), and some of the residents are also of German ancestry (12.8%), along with some Italian ancestry residents (10.1%), among others. In addition, 18.9% of the residents of this neighborhood were born in another country.

Getting to Work

How you get to work – car, bus, train or other means – and how much of your day it takes to do so is a large quality of life and financial issue. Especially with gasoline prices rising and expected to continue doing so, the length and means of one's commute can be a financial burden. Some neighborhoods are physically located so that many residents have to drive in their own car, others are set up so many walk to work, or can take a train, bus, or bike. The greatest number of commuters in neighborhood spend under 15 minutes commuting one-way to work (56.6% of working residents), one of the shortest commutes across America.

Here most residents (57.0%) drive alone in a private automobile to get to work. In addition, quite a number also hop out the door and walk to work to get to work (15.4%) and 8.9% of residents also carpool with coworkers, friends, or neighbors for their daily commute. In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.


Real Estate includes:
Average Home Values
Rental Market
Housing Market Details
Neighborhood Setting
Economics & Demographics include:
Lifestyle & Special Character
Household Types
Commute To Work
Migration & Mobility
Race & Ethnic Diversity
Employment Industries & Occupations
Income & Unemployment Rate
Higher Education Attainment
Crime includes:
Neighborhood Crime Index
Crimes Per Square Mile
Property Crime Comparison
Violent Crime Comparison
Schools include:
School Ratings
Schools In District
Public School Test Scores
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Educational Expenditures

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