Most of Key West is in Monroe County, where a full-time job needs to pay at least $48.90 an hour before taxes to take home four times the typical studio rent.
Across the 3 ZIP codes in Key West with HUD rent figures, studio rents run from $1,570 to $1,740 a month. At the middle rent, $1,570, a full-time job would need to pay $49.26 an hour before taxes.
What the standard would be at each ZIP code's own studio rent. The calculator and the official standard use the county figure.
| ZIP | County | Studio rent | Pay needed |
|---|---|---|---|
| 33040 | Monroe County | $1,740/mo | $55.30/hr |
| 33041 | Monroe County | $1,570/mo | $49.26/hr |
| 33045 | Monroe County | $1,570/mo | $49.26/hr |
Under the Four Times Rent standard, a full-time job in Key West needs to pay at least $48.90 an hour before taxes, about $101,712 a year. That is the figure for Monroe County, where the typical studio rent is $1,560 a month.
Yes. Across the 3 ZIP codes in Key West with HUD rent figures, studio rents run from $1,570 to $1,740 a month. At the middle rent of $1,570, the pay needed would be $49.26 an hour.
The minimum wage in Monroe County is $15.00 an hour. The Four Times Rent standard there is 3.3 times that.
The Four Times Rent standard: a month of full-time work (160 hours) should take home at least four times the typical rent on a studio apartment in the county where the work is done. Rents: HUD FY2027 Fair Market Rents. Taxes: 2026 federal and state income taxes plus Social Security and Medicare, for a single filer. Why four times rent? · Method and data downloads