Most Expensive Key Biscayne Neighborhoods
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 12,924 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 96.94% 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 (26.32%), sales jobs (14.84%) and business and financial occupations (11.44%).
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: 13.55% 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.
One of the nice things about Key Biscayne is that it is nautical, which means that parts of it are somewhat historic and touch the ocean or tidal bodies of water, such as inlets and bays. Because of this, visitors and locals will often go to these areas to take in the scenery or to enjoy waterfront activities.
Do you have a 4-year college degree or graduate degree? If so, you may feel right at home in Key Biscayne. 73.23% of adults here have a 4-year degree or graduate degree, whereas the national average for all cities and towns is just 21.84%.
The per capita income in Key Biscayne in 2010 was $76,709, which is wealthy relative to Florida and the nation. This equates to an annual income of $306,836 for a family of four.
The people who call Key Biscayne home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Key Biscayne residents report their race to be White, followed by Asian. Key Biscayne also has a sizeable Hispanic population (people of Hispanic origin can be of any race). People of Hispanic or Latino origin account for 58.13% of the village’s residents. Important ancestries of people in Key Biscayne include German, Italian, Irish, French, English and Russian.
In addition, Key Biscayne has a lot of people living here who were born outside of the US (44.03%).
The most common language spoken in Key Biscayne is Spanish. Other important languages spoken here include English and French.
|KEY BISCAYNE INFORMATION||DETAILS|
|NUMBER OF HOMES AND APARTMENTS||4,287|
|KEY BISCAYNE HOME OWNERSHIP|
|% OWNER OCCUPIED||74.95%|
|% RENTER OCCUPIED||25.05%|
|TYPE OF KEY BISCAYNE HOMES|
|SINGLE FAMILY DETACHED||21.04%|
|ROWHOUSES AND ATTACHED HOMES||1.95%|
|SMALL APARTMENT BUILDINGS||0.10%|
|COMPLEXES OR HIGH RISE APARTMENTS||76.32%|
|SIZE OF KEY BISCAYNE HOMES|
|5 OR MORE BEDROOMS||9.28%|
|AGE OF KEY BISCAYNE HOMES|
|NEWER HOMES (2000 OR LATER)||9.82%|
|ESTABLISHED, BUT NOT OLD HOMES (1970-1999)||70.81%|
|WELL-ESTABLISHED, OLD HOMES (1940-1969)||19.37%|
|HISTORIC (1939 OR BEFORE)||0.00%|
|KEY BISCAYNE REAL ESTATE INFORMATION||DETAILS|
|MEDIAN HOME VALUE||$1,378,373|
|MEDIAN RENTAL PRICE||$2,869|
|HOME VALUE RANGE|
|$0 - $74,000||3.36%|
|$74,001 - $148,000||0.00%|
|$148,001 - $297,000||3.86%|
|$297,001 - $445,000||2.21%|
|$445,001 - $593,000||6.01%|
|$593,001 - $742,000||6.51%|
|$742,001 - $1,112,000||18.24%|
|$1,112,001 - $1,483,000||15.50%|
|PEOPLE OF KEY BISCAYNE||DETAILS|
|UNDER 5 YEARS||6.65%|
|5 TO 17||24.62%|
|18 TO 24||5.28%|
|25 TO 34||6.48%|
|35 TO 54||29.29%|
|55 TO 64||9.55%|
|65 YEARS AND OVER||18.13%|
|EDUCATIONAL ATTAINMENT OF ADULTS|
|HIGH SCHOOL GRADUATES||97.67%|
|MEDIAN HOUSEHOLD INCOME||$121,023|
|PER CAPITA INCOME||$76,709|
|INDIVIDUALS BELOW POVERTY LEVEL||6.46%|
|INDUSTRIES PEOPLE WORK IN||Professional, scientific, and technical services (21.51%)
Real estate (8.73%)
Information Technology (3.38%)
|BLACK OR AFRICAN AMERICAN||0.35%|
|AMERICAN INDIAN AND ALASKA NATIVE||0.21%|
|NATIVE HAWAIIAN AND OTHER PACIFIC ISLANDERS||0.00%|
|SOME OTHER RACE ALONE||0.49%|
|TWO OR MORE RACES||0.63%|
|HISPANIC OR LATINO (OF ANY RACE)||58.13%|
|ETHNICITIES PRESENT||German (8.71%)
|LANGUAGES SPOKEN||Spanish (61.16%)
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