Islamorada is a somewhat small coastal village (i.e. on the ocean, a bay, or inlet) located in the state of Florida. With a population of 7,059 people and two associated neighborhoods, Islamorada is the 246th largest community in Florida.

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

One interesting thing about the economy is that relatively large numbers of people worked from their home: 17.73% 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.

Another notable thing is that Islamorada is a major vacation destination. Much of the village’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, Islamorada’s population drops significantly, such that year-round residents will notice that the city is a much quieter place to live.

Islamorada 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.

The citizens of Islamorada are very well educated compared to the average community in the nation: 37.87% of adults in Islamorada have a bachelor's degree or even advanced degree.

The per capita income in Islamorada in 2018 was $63,612, which is wealthy relative to Florida and the nation. This equates to an annual income of $254,448 for a family of four.

Islamorada is a very ethnically-diverse village. The people who call Islamorada home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Islamorada residents report their race to be White, followed by Asian. Islamorada also has a sizeable Hispanic population (people of Hispanic origin can be of any race). People of Hispanic or Latino origin account for 16.87% of the village’s residents. Important ancestries of people in Islamorada include German, Irish, English, Italian, and Polish.

The most common language spoken in Islamorada is English. Other important languages spoken here include Spanish and Italian.