Key West vs Minneapolis
Florida Restricted | Minnesota Legal with Permit
Disclaimer: General information only — not legal advice. Verify with your local government.
| Requirement | Key West, Florida | Minneapolis, Minnesota |
|---|---|---|
| Legality Status | Restricted | Legal with Permit |
| Permit Fee | $150 Business Tax Receipt + $110 Transient Manager License + fire inspection fee | $64 short-term rental registration fee |
| Tax Rate | 12.5% combined (5% county tourist dev. + 7.5% state sales) | 6.875% state sales tax + up to 3% Minneapolis entertainment tax (~10% combined) |
| Annual Day Limit | No limit | No limit |
| Renewal Interval | Annual | Annual |
| Platform Remits Taxes | Yes | Yes |
| Max Fine Example | Up to $5,000/violation and 60 days imprisonment; each day is separate | Up to $2,000 per violation; license revocation for repeated offenses |
| Verdict | Minneapolis has more favorable STR regulations overall. | |
Key West, Florida
Status Restricted
Permit Fee $150 Business Tax Receipt + $110 Transient Manager License + fire inspection fee
Tax Rate 12.5% combined (5% county tourist dev. + 7.5% state sales)
Day Limit No limit
Renewal Annual
Platform Tax Yes
Max Fine Up to $5,000/violation and 60 days imprisonment; each day is separate
Minneapolis, Minnesota
Status Legal with Permit
Permit Fee $64 short-term rental registration fee
Tax Rate 6.875% state sales tax + up to 3% Minneapolis entertainment tax (~10% combined)
Day Limit No limit
Renewal Annual
Platform Tax Yes
Max Fine Up to $2,000 per violation; license revocation for repeated offenses
Minneapolis has more favorable STR regulations overall.
Key West Overview
Moratorium on new transient rental licenses — only grandfathered properties may operate STRs under 28 days. Existing licenses are property-specific and command $400K+ on the secondary market. Florida DBPR state license also required.
Full Key West guide →Minneapolis Overview
Owners limited to one STR property plus their homesteaded residence; buildings with 20+ units capped at 10% STR units. $300,000 liability insurance and neighbor notification required.
Full Minneapolis guide →Frequently Asked Questions
Is it easier to Airbnb in Key West or Minneapolis?
Key West is classified as "Restricted" while Minneapolis is "Legal with Permit." Key West's permit fee is $150 Business Tax Receipt + $110 Transient Manager License + fire inspection fee compared to $64 short-term rental registration fee in Minneapolis.
Which city has higher STR taxes — Key West or Minneapolis?
Key West charges 12.5% combined (5% county tourist dev. + 7.5% state sales), while Minneapolis charges 6.875% state sales tax + up to 3% Minneapolis entertainment tax (~10% combined). Compare the full breakdown in the table above.
Which city has stricter fines for illegal short-term rentals?
Key West: Up to $5,000/violation and 60 days imprisonment; each day is separate. Minneapolis: Up to $2,000 per violation; license revocation for repeated offenses.