Monroe County, Florida
Monroe County
Monroe County is part of the southeast Florida region along with Miami-Dade, Indian River, St. Lucie, Martin, Palm Beach, and Broward. Key West is the county seat. Other incorporated municipalities are Marathon, Key Colony Beach, Layton, and Islamorada. The county's population is over 70,000.
Monroe County is the southernmost county in Florida and the continental United States. 99% of the population of Monroe County lives in the Florida Keys, which are wholly contained within Monroe County. Mainland Monroe County is covered by wetlands. Portions of Everglades National Park and Big Cypress National Preserve form the entirety of the section of Monroe County that lies on the peninsula. 22% of the properties in Monroe County are government owned.
The largest industry in Monroe County is tourism. In 2010, The Keys alone had 3.8 million visitors. Major private sector employers are Kmart, HMA, Baptist Mariner's Hospital, HTA, and Hawks Cay Resort. Public employers are US Armed Forces, Monroe County Schools, Monroe County Government, and Florida Keys Community College.
Visitors go to the Keys for the year-round warm weather, sandy beaches, and stunning vistas of both the Atlantic Ocean and Gulf of Mexico. The islands of the Keys offer a variety of maritime recreation opportunities, including boating, fishing, and windsurfing. The Keys are sometimes referred to as the Conch Republic after the islands seceded from the United States in 1982 and immediately surrendered to protest a blockade at the mainlands to search for drugs.
Once the largest city in Florida, Key West is still the southernmost in the lower 48. The cultural and economic heart of Monroe County is at the southern terminus of US 1. The southern islands have long been a naval base, dating back to its establishment in 1823 to combat piracy. Today, Naval Air Station Key West is used as a forward base to combat the narcotics trade in the Caribbean and as a flight training center.
Monroe County Florida Cities
There are 10 cities in Monroe County Florida. These are listed below. Click on a link for details.
Big Pine Key, Islamorada, Key Colony Beach, Key Largo, Key West, Long Key, Marathon, Marathon Shores, Summerland Key, Tavernier,
Monroe County has a population of approximately 74,809 people. The population increased 2.4% from 2010 to 2012. This compared to a 2.7% increase for the State of Florida and a 1.7% increase for the country as a whole. Monroe County is 983.28 square miles and had a population density of 74.3 Persons per square mile in 2010. This compared to 350.6 for Florida and 87.4 for the country.
There are 52,552 housing units in Monroe County (a housing unit is defined by the US Census Bureau as a house, apartment, mobile home, group of rooms, or single room that is occupied as separate living quarters.) Monroe County has a 64.3% homeownership rate compared to Florida's rate of 69.0%. Monroe County's medium household income in 2011 was $53,889, which is higher than the medium income for Florida as a whole: $47,827.
| Region | Population 2012 | Economic Activity 2007 (Millions) | Population Growth 2010 to 2012 | Median Household Income 2011 | Housing Units | Median Price 2007 to 2011 |
|---|---|---|---|---|---|---|
| United States | 313,914,040 | $14,025,202 | 1.7% | $52,762 | 132,312,404 | $186,200 |
| Florida | 19,317,568 | $630,738 | 2.7% | $47,827 | 9,026,965 | $188,600 |
| Monroe County | 74,809 | $2,136 | 2.4% | $53,889 | 52,552 | $463,100 |
11.6% of the population in Monroe County lives below the poverty line, compared to 14.7% in Florida and 14.3% nationwide. Additional Information:
- Monroe County Census Data
- University of Florida Bureau of Economic and Business Research - Monroe County
Monroe County Economic Activity
The U.S. Bureau of the Census, Economic , 2007 calculated the total value manufacturing, merchant wholesaler, retail sales and food service sales in Monroe County. The Census measured activity of large and medium-sized firms during calendar year 2007. It does not include every aspect of the economy but can be used as a measure of economic activity.
At $2,136 million, Monroe County's economic activity represents 0.34% of the Florida economy.
| Activity | Value (Millions) | Percentage |
|---|---|---|
| Manufacturers shipments | $0 | 0.0% |
| Merchant wholesaler sales | $0 | 0.0% |
| Retail sales | $1,388 | 65.0% |
| Accommodation and food services sales | $748 | 35.0% |
| Total | $2,136 | 100% |
Monroe County Regional Comparisons
Monroe County is located in Southeast Florida. This region is responsible for 37.7% of Florida's economic activity. Monroe County represents 0.9% of the region's economy.
| Region | Population 2012 | Economic Activity 2007 (Millions) | Population Growth 2010 to 2012 | Median Household Income 2011 | Housing Units | Median Price 2007 to 2011 |
|---|---|---|---|---|---|---|
| Indian River County | 140,567 | $2,455 | 1.8% | $46,363 | 76,251 | $179,300 |
| St. Lucie County | 283,866 | $5,576 | 2.2% | $44,947 | 137,581 | $157,600 |
| Martin County | 148,817 | $4,347 | 1.7% | $53,612 | 78,356 | $238,200 |
| Palm Beach County | 1,356,545 | $38,668 | 2.8% | $52,951 | 668,159 | $236,600 |
| Broward County | 1,815,137 | $73,668 | 3.8% | $51,782 | 810,795 | $225,300 |
| Miami-Dade County | 2,591,035 | $110,643 | 3.8% | $43,957 | 990,558 | $246,800 |
| Monroe County | 74,809 | $2,136 | 2.4% | $53,889 | 52,552 | $463,100 |
| Total | 6,410,776 | $237,494 | 2.6% | $49,643 | 2,814,252 | $249,557 |
Monroe Real Estate
There are 47,581 properties in Monroe County. The following table shows a summary of them based on 2013 sales data.
| Usage Type | Property Count | % | Sales Count | Median Price | Median Price/Ft | Sales From | To |
|---|---|---|---|---|---|---|---|
| Commercial Property | 0 | 0.00 | 167 | $400,000 | $547 | January 1st, 2013 | September 1st, 2013 |
| Government Property | 1,038 | 2.18 | 2 | $417,500 | $358 | July 1st, 2013 | July 1st, 2013 |
| Residential Property | 0 | 0.00 | 1,992 | $340,000 | $283 | January 1st, 2013 | September 1st, 2013 |
Commercial Real Estate in Monroe County, Florida
0( .00%) of the properties in Monroe County are classified as Commercial. 167 of them sold between January 1st, 2013 and September 1st, 2013. The total value of these sales was $497,709,452. The median sales price was $400,000. In 2013 the median sales price for A Class Commercial Property in Monroe County was ####### per sq ft, B Class properties sold for $547/ft and C Class $125/ft.
Government Real Estate in Monroe County, Florida
1,038( 2.18%) of the properties in Monroe County are classified as Government. 2 of them sold between July 1st, 2013 and July 1st, 2013. The total value of these sales was $835,000. The median sales price was $417,500. In 2013 the median sales price for Government Property in Monroe County was $358 per sq ft.
Residential Real Estate in Monroe County, Florida
0( .00%) of the properties in Monroe County are classified as Residential. 1,992 of them sold between January 1st, 2013 and September 1st, 2013. The total value of these sales was $1,018,656,475. The median sales price was $340,000. In 2013 the median sales price for A Class Residential Property in Monroe County was $539 per sq ft, B Class properties sold for $283/ft and C Class $142/ft.
Additional Details:
Monroe Market Data
| Property Usage | Property Count | Total Sq Ft |
|---|---|---|
| Agricultural | 5 | 0 |
| Government Property | 1,181 | 4,978,447 |
| Health Care | 13 | 218,474 |
| Hotel & Motel | 603 | 4,435,920 |
| Industrial | 223 | 1,353,167 |
| Land | 5,386 | 463,874 |
| Miscellaneous Property | 90 | 428,774 |
| Mobile/Manufactured | 5,442 | 4,658,930 |
| Multifamily | 1,967 | 4,986,844 |
| Office | 450 | 1,138,756 |
| Residential | 34,717 | 52,222,474 |
| Retail | 1,331 | 6,975,573 |
| Senior Housing | 5 | 92,150 |
| Special Purpose | 1,999 | 2,007,726 |
| Sports & Entertaining | 90 | 388,125 |