Herein, we detail several important life-history parameters of the banded coral shrimp, Stenopus hispidus, a popular marine ornamental shrimp. Among the life history parameters described are 1) size at settlement, 2) molt interval, 3) post-settlement mortality and movement, 4) growth, and 5) relative fecundity. Overall, we document the effects of body size on several life-history parameters. Molt interval increased and growth increments declined as shrimp body size increased. Furthermore, mortality was size-specific in S. hispidus; large individuals had higher survival rates than smaller individuals. We also show that variation in size at settlement of S. hispidus in the upper Florida Keys, U.S.A., was much smaller than that found in previous studies from other parts of the world. Based on field measures of size at settlement, molting probability, and growth increment per molt, we developed a crustacean growth model, which included discontinuous growth and natural variability in the parameters. With it, we describe expected patterns of growth and post-settlement age for S. hispidus in the upper Florida Keys. Finally, we document positive relationships among female body size, egg mass volume, and egg number.