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City Report · FL

Big Pine Key

Pop. 4,258·8th most expensive in Florida·One of the pricier rental markets in the US
Median rent (all units)
$5,500/mo
Year-over-Year
Stable
Month-over-Month
+77.7%
vs US Median
+$3,535
Rising (Monthly)
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Most AffordableMost Expensive
Big Pine Key · $5,500
More expensive than 99% of US cities · National median $1,965/mo
Affordability
60% of income
EXPENSIVE
0%30% benchmark60%+

At $5,500/mo, rent takes about 60% of the local median household income, well above the 30% benchmark.

Income to afford
$220,000/yr
Local median income
$110,134/yr
Based on the 30%-of-income rule using Big Pine Key's median rent and household income. See the full affordability breakdown →
Rent trends

12-month history

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Last updated: June 22, 2026

Annual cost
$66,000/yr
At $5,500/mo median
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 0.0% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+0.0% YoY, +77.7% MoM), not inventory.
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Demographics

Who lives here

Big Pine Key, FL is majority owner-occupied, has a large retiree population, has a median income above the national average, 30.5% of residents hold a bachelor's degree or higher.

Population
4,258
Median income
$110,134
Median age
52.9
Renters
11.7%
Age distribution
14.3%
14.2%
23.5%
23%
25.1%
Under 1814.3%
18–3414.2%
35–5423.5%
55–6423%
65+25.1%
Gender
47.1%
52.9%
Male47.1%
Female52.9%
Race & ethnicity
88.7%
White88.7%
Hispanic8.2%
Asian1.2%
Other1.5%
Education (25+)
27.5%
39.4%
30.5%
No HS diploma2.6%
HS diploma27.5%
Some college39.4%
Bachelor's+30.5%
Housing tenure
88.3%
Owner88.3%
Renter11.7%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How Big Pine Key, FL has changed in 5 years

Income
$69,792 → $110,134
up 57.8%
Population
4,752 → 4,258
down 10.4%
Renter share
21% → 11.7%
-9.3 pts
Bachelor's+
28.5% → 30.5%
+2.0 pts
Median age
52.1 → 52.9
+0.8 yrs

Census figures show median household income at $110,134 today, compared with $69,792 five years earlier. The population has contracted by 10.4% since 2021, moving from about 4,752 residents to roughly 4,258. Renters now make up 11.7% of households, compared with 21% five years ago. College-educated residents now make up 30.5% of adults here, versus 28.5% in 2021.

Community

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View Big Pine Key rent history (2015–2026) →
Salary vs rent

Can you afford rent in Big Pine Key on your salary?

At $5,500/mo, how Big Pine Key rent compares to typical pay (30% rule).

By apartment size

Big Pine Key rent by bedroom count

Median rent for each apartment size in Big Pine Key. Click any size for full breakdown.

Local insights

Tips for renters in Big Pine Key

About renting in Big Pine Key, FL

Last updated: June 22, 2026

The median rent in Big Pine Key is $5,500/mo as of June 2026.

At 60% of local median household income ($110,134/yr), Big Pine Key ranks as expensive compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.

FAQ

Frequently asked questions

Is Big Pine Key an affordable city for renters?

Big Pine Key is considered expensive for renters. At $5,500/mo, rent takes approximately 60% of the local median household income ($110,134/yr). The standard benchmark is 30%. Big Pine Key significantly exceeds that threshold, making it challenging for many renters.

How much income do you need to rent in Big Pine Key?

To keep rent at or below 30% of gross income, you would need to earn at least $220,000/year (~$106/hour full-time) to afford the median rent of $5,500/mo in Big Pine Key. The local median household income is $110,134/yr, meaning the typical Big Pine Key household falls short of that threshold.

Is rent going up or down in Big Pine Key?

Rent in Big Pine Key has been relatively stable over the past year, with a 0.0% change year over year as of June 2026.

How does Big Pine Key rent compare to other cities in Florida?

Big Pine Key is one of the pricier cities in Florida for rent, ranking #8 out of 294 tracked cities at $5,500/mo.

Which nearby cities are cheaper to rent in than Big Pine Key?

Several nearby cities have lower median rents than Big Pine Key ($5,500/mo): Florida City ($2,486/mo), Islamorada ($2,664/mo), Marathon ($2,900/mo).

What percentage of Big Pine Key residents rent vs. own?

According to Census data, approximately 11.7% of Big Pine Key households are renters, while 88.3% are owner-occupied. Big Pine Key leans toward homeownership, which can mean a smaller rental inventory.

How does Big Pine Key rent compare to the national average?

Big Pine Key's median rent of $5,500/mo is $3,535 (180%) above the US national median of $1,965/mo. Within Florida, it ranks #8 out of 294 tracked cities.
Income Affordability
60%
EXPENSIVE

At $5,500/mo, rent takes ~60% of Big Pine Key's median household income ($110,134/yr). The standard benchmark is 30%.

Big Pine Key 60%Benchmark 30%
State income taxNone
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Big Pine Key, FL

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