Sunny Isles Beach cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
IndexSunny Isles BeachFloridaNational
Cost of living index121100100
IndexSunny Isles BeachFloridaNational
Goods & Services index106101100
Groceries index107105100
Health care index10497100
Housing index15695100
Transportation index117105100
Utilities index97102100
Displayed above is a general overview of the Sunny Isles Beach, FL cost of living index. The overall cost of living index in Sunny Isles Beach, FL is 121, which is 21% higher than the Florida average and 21% higher than the national average. The cost of living index is created from the following categories: goods/services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). As you can see, goods/services and housing make up the majority of the overall cost of living index. Everyday goods and services can be a good indicator of the general cost of goods in a given city. In this case, the goods and services in Sunny Isles Beach, FL are 6% higher than the Florida average and 6% higher than the national average.

Did you know?

  • The cost of living in Sunny Isles Beach is 21% higher than the Florida average.
  • The cost of living in Sunny Isles Beach is 21% higher than the national average.
  • The cost of housing in Sunny Isles Beach is 56% higher than the national average.
  • Florida general sales tax is 18% higher than the national average.
  • Florida state income tax is 100% lower than the national average.

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Compare Sunny Isles Beach, FL Cost of living To Other Cities

Salary Calculator

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Use the salary calculator to compare your current salary in Sunny Isles Beach, FL to any other city. The salary calculator will tell you how much you would need to earn in any given city to maintain the same standard of living based on the cost of living in each city. For example, if the cost of living in the city you are looking to relocate to is higher than the cost of living in Sunny Isles Beach, FL, then you would need to earn more income in order to maintain the same standard of living. To use the Sunny Isles Beach, FL salary calculator, simply enter in the name of the new city, then adjust the slider to your current income. The salary calculator will do the rest and let you know if you need to earn more or less in the new city. You will also see a complete breakdown of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$47,389$3,949$1,106$1,422
Renters$45,032$3,753$1,051$1,351
The affordability of the housing market in Sunny Isles Beach, FL as well as the overall cost of living can be indicated accurately by what percent of the monthly income is spent on housing related costs. This is konwn as the debt-to-income ratio (DTI). The overall rule of thumb is that no more than 28% of your gross income should ever be used on the overall costs related to housing and no more than 36% of gross income on all expenses and debts. Among Sunny Isles Beach, FL homeowners, the median income is $47,389. This indicates that a monthly maximum of $1,106 should be spent by homeowners on all housing related costs. Renters have a median income of $45,032. This indicates that renters should have a maximum of $1,051 used for their rent related monthly costs.

Florida Sales Tax

StateGeneral Sales TaxWith Max Surtax
Florida6%7.5%

Florida Income Tax

StateIncome Tax (Low)Income Tax (High)
Florida0%0%
The Florida sales tax and Florida income tax rates should definitely be considered when determining the overall cost of living in Sunny Isles Beach, FL. Sales taxes are taxes that are imposed onto goods and services sold. Sales taxes do vary by state and can range from no tax at all to upwards of 7%. The Florida sales tax is 6% and the maximum surtax is 7.5%. Income tax is the tax imposed on income by the government. The income tax rates will vary by state and will also increase or decrease depending on the corresponding tax bracket. State income tax rates can range from anywhere from no tax at all to more than 9%. The Florida income tax rates range from 0% to 0%.

Goods & Services

ItemSunny Isles BeachNational avg.Difference
Haircut $15.60$14.596.9%
Beauty Salon $45.00$34.6829.8%
Toothpaste $2.70$2.479.2%
Shampoo $1.07$1.024.7%
Movie $10.81$9.879.5%
Bowling $8.26$4.3988.1%

Groceries

ItemSunny Isles BeachNational avg.Difference
Ground Beef $5.13$4.4814.6%
Fried Chicken $1.57$1.467.2%
Milk $2.71$2.3615.0%
Potatoes $3.39$3.0610.7%
Pizza $8.99$9.242.7%
Beer $8.43$8.632.3%

Health Care

ItemSunny Isles BeachNational avg.Difference
Optometrist $80.50$99.7819.3%
Doctor $97.86$105.036.8%
Dentist $97.00$88.709.4%
Ibuprofen $10.49$9.4111.5%
Lipitor $332.58$298.5011.4%

Housing

ItemSunny Isles BeachNational avg.Difference
Home Price $273,300.00$175,700.0055.5%
Avg. Mortgage Payment $1,310.50$1,081.0321.2%
Apartment Rent $1,431.00$920.0055.5%

Transportation

ItemSunny Isles BeachNational avg.Difference
Gasoline $2.32$2.0911.1%
Tire Balancing $59.59$45.2931.6%

Utilities

ItemSunny Isles BeachNational avg.Difference
All Electricity$166.37$170.802.6%
Phone $27.52$28.262.6%
Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City, StatePopulationCost of Living IndexNational Avg.
Fisher Island, FL2401066%
Medley, FL94090-10%
Pembroke Park, FL6,22089-11%
Franklin Park, FL1,00090-10%
Brownsville, FL14,83593-7%
Sunny Isles Beach, FL21,58312121%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Bay Point, CA21,58611313%
Clarksville, IN21,57990-10%
Ramona, CA21,57813333%
Kinston, NC21,58988-12%
Stoneham, MA21,61114848%
Sunny Isles Beach, FL21,58312121%
Source: The Sunny Isles Beach, FL cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.