Key Biscayne has a population of approximately 12,000 (as of 2013), with a median age of 41. The population is primarily Caucasian (approx. 94%), with 3% Asian. There are more married couples (68% compared to the Florida average of 55%), with about 53% of the population having children. Key Biscayne is within 8 miles of the following South Florida neighborhoods: North/South Coconut Grove, Downtown Miami, Islands, Coral Way, Wynwood, Overton, West Flagler, and Little Havana.
Cost of Living
The cost of living in Key Biscayne is 118% greater than the Florida average, and about 120% greater than the national average. Goods & services, groceries, health care and transportation are all slightly higher in Key Biscayne, with housing being significantly higher than the national average. Utilities in Key Biscayne are slightly lower than the national average.
The median home price in Key Biscayne is $901,900, compared to $181,400 nationally, with median rent at $4,200 (vs. $889). The median home value in Key Biscayne is 428% greater than the Florida average and 397% greater than the National average. The median rental rates in Key Biscayne is 325% greater than the Florida average and 372% greater than the National average.
There are a total of one (1) public and two (3) private schools in Key Biscayne. The student to teacher ratio in Key Biscayne for public schools is 18:1, which is 7% greater than the Florida student to teacher ratio and 13% greater than the National student to teacher ratio.
The average income per capita in Key Biscayne is $76,719, with a median household income of $120,502. The unemployment rate is 1.8%. The income per capita in Key Biscayne is 190% greater than the Florida average and 174% greater than the National average. The median household income in Key Biscayne is 155% greater than the Florida average and 127% greater than the National average. The median household income in Key Biscayne for owner occupied housing is 1% greater than the median household income for renter occupied housing in Key Biscayne.
The highest average temperature in Key Biscayne is August at 84 degrees. The coldest average temperature in Key Biscayne is February at 68 degrees. The Key Biscayne weather information is based on the average of the previous 3-7 years of data.