Key Biscayne 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 13,182 people and four constituent neighborhoods, Key Biscayne is the 176th largest community in Florida.
Key Biscayne home prices are not only among the most expensive in Florida, but Key Biscayne real estate also consistently ranks among the most expensive in America.
Key Biscayne is a decidedly white-collar village, with fully 97.39% of the workforce employed in white-collar jobs, well above the national average. Overall, Key Biscayne is a village of managers, professionals, and sales and office workers. There are especially a lot of people living in Key Biscayne who work in management occupations (28.30%), sales jobs (21.04%), and business and financial occupations (8.32%).
Of important note, Key Biscayne is also a village of artists. Key Biscayne has more artists, designers and people working in media than 90% of the communities in America. This concentration of artists helps shape Key Biscayne’s character.
One interesting thing about the economy is that relatively large numbers of people worked from their home: 9.91% 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 Key Biscayne 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, Key Biscayne’s population drops significantly, such that year-round residents will notice that the city is a much quieter place to live.
Key Biscayne 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. Such areas are often places that visitors and locals go for waterfront activities or taking in the scenery.
If knowledge is power, Key Biscayne is a pretty powerful place. 74.40% of the adults in Key Biscayne have earned a 4-year college degree, masters degree, MD, law degree, or even PhD. Compare that to the national average of 21.84% for all cities and towns.
The per capita income in Key Biscayne in 2010 was $79,983, which is wealthy relative to Florida and the nation. This equates to an annual income of $319,932 for a family of four. However, Key Biscayne contains both very wealthy and poor people as well.
Key Biscayne is an extremely ethnically-diverse village. The people who call Key Biscayne home describe themselves as belonging to a variety of racial and ethnic groups. People of Hispanic or Latino origin are the most prevalent group in Key Biscayne, accounting for 67.65% of the village’s residents (people of Hispanic or Latino origin can be of any race). The greatest number of Key Biscayne residents report their race to be White, followed by Asian. Important ancestries of people in Key Biscayne include Italian, German, Irish, French, and English.
Foreign born people are also an important part of Key Biscayne's cultural character, accounting for 50.25% of the village’s population.
The most common language spoken in Key Biscayne is Spanish. Other important languages spoken here include English and Portuguese.