Monroe County

County Business Patterns, 2023Forms the Key West-Key Largo, FL micro areaPopulation 81,306

Monroe County had 37,134 private jobs in 4,154 establishments in March 2023, paying $48,056 on average, 20% below the Florida figure. With 457 private jobs for every 1,000 residents, it has the 3rd-highest ratio in the state. There are 51.1 business establishments per 1,000 residents, the highest density of businesses in the state.

Compare Monroe side by side with Nassau or another county.

The largest industry, hotels and restaurants, has 43% of Monroe County's jobs. Among its larger industries, pay runs from $38,883 a year in retail trade to $120,358 in utilities.

Pays above the county averagePays below itNot shown by industryCounty averageFlorida average

What stands out in Monroe County

Pay in hotels and restaurants averages $39,815 a year here, more than in any other county with at least 100 jobs in it.
Jobs in manufacturing make up 0.8% of all local jobs, the lowest share of the 62 counties with at least 100 such jobs.

Where Monroe County ranks

The four measures on which Monroe County sits furthest from the middle county. It is furthest out on businesses per 1,000 residents, where it ranks 1st of 67.

Jobs per 1,000 residents457

3rdof 67

Payroll per resident$21,948

9thof 67

Businesses per 1,000 residents51.1

1stof 67

Job growth since 2019+17.0%

16thof 67

MonroeOther countiesMiddle county

Every industry, line by line

18 industries published; hotels and restaurants added the most jobs since 2019 (3,741), retail trade lost the most (335).

Industry	Jobs	Avg pay	Pay vs same industry statewide	Jobs since 2019
Hotels & restaurants	16,050	$39,815	1.40×	+30.4%
Retail trade	5,777	$38,883	1.03×	−5.5%
Construction	2,279	$59,253	0.92×	+11.6%
Health care & social assistance	2,267	$69,359	1.08×	+7.8%
Administrative & support services	1,534	$47,283	0.81×	+39.3%
Other services	1,528	$44,436	1.12×	+10.1%
Arts & recreation	1,526	$42,738	0.99×	+18.8%
Transportation & warehousing	1,305	$60,012	0.99×	+22.8%
Real estate & rental	1,274	$59,462	0.97×	+8.1%
Professional & technical services	1,246	$90,851	1.01×	+34.4%
Finance & insurance	704	$75,179	0.71×	+7.7%
Wholesale trade	493	$58,154	0.73×	+36.2%
Educational services	339	$51,519	1.05×	+5.3%
Manufacturing	301	$61,219	0.90×	−8.2%
Information	230	$57,843	0.56×	−18.1%
Utilities	109	$120,358	0.97×	−3.5%
Management of companies	108	$87,528	0.86×	−14.3%
Agriculture, forestry & fishing	57	$39,263	0.88×	+26.7%
All industries	37,134	$48,056	0.80×	+17.0%

Withheld by the Census Bureau: Mining & quarrying.

What sets Monroe County apart

Four industries are at least 1.25 times as common here as across the 67 counties; management of companies is the most under-represented, at 0.13×.

Business sizes

90.5% have fewer than 20 employees; 46 have 100 or more.

EmployeesEstablishments

1–42,688

5–9649

10–19422

20–49259

50–9989

100–24939

250–4997

500–999withheld

1,000+withheld

Since 2019

Jobs +17.0%, residents +9.5% since March 2019.

Jobs37,1342019: 31,744+17.0%

Business establishments4,1542019: 3,829+8.5%

Average pay (nominal)$48,0562019: $37,381+28.6%

Residents81,3062019: 74,228+9.5%

Share of Florida

More of Florida's jobs (0.46%) than of its residents (0.35%).

Residents0.35%

Businesses0.65%

Jobs0.46%

Payroll0.38%

Source: Census CBP 2023, 2022, 2019; Population Estimates. FIPS 12087. How to read County Business Patterns figures.