| Index | Sunny Isles Beach | Florida | National |
| Cost of living | 130 | 102 | 100 |
| Groceries | 101 | 102 | 100 |
| Health care | 105 | 104 | 100 |
| Housing | 188 | 97 | 100 |
| Transportation | 103 | 103 | 100 |
| Utilities | 110 | 110 | 100 |
| Lifestyle & Entertainment | 103 | 104 | 100 |
| Household Items | 102 | 102 | 100 |
| Education & Childcare | 109 | 106 | 100 |
Are you thinking about relocating, but curious about the potential cost of living in Sunny Isles Beach? Is it more expensive or more affordable than average? Based on the most recent report, the cost of living in Sunny Isles Beach stands at 130, making it 30% higher than the national average. The cost of living directly affects the affordability of one's desired lifestyle. Knowing the cost of housing, transportation, groceries and other essentials in the new area allows people to gauge whether they can maintain their preferred standard of living.
The cost of living in Sunny Isles Beach is among the highest in the country, making it a very expensive place to live. Only a small fraction of regions boast a cost of living that is at least 20% higher than the national average, and regrettably, Sunny Isles Beach falls into this category, which may not be suitable for those seeking an economically favorable living environment.
Housing costs are a very significant part of the Sunny Isles Beach cost of living index and generally encompass a large percentage of take-home income. Unfortunately, in this area, the housing costs for both homes and rentals were 88.1% more than the average city. This includes things like home and rent prices, mortgage rates and insurance.
Nobody knows their city better than the people who actually live there. So, we asked 34 local residents how they would rate the cost of living in Sunny Isles Beach and this is how they responded. 59% of people said that the cost of living was affordable, with prices decreasing, while 41% of people said that the cost of living was very expensive and prices continue to rise.
Is Sunny Isles Beach an affordable place to live? It's a good question and one that you might want to ask when considering any new city, as affordability can play a huge role in the decision making process. The cost of living index (which we covered above), as well as housing costs and income levels play a vital role in determining the affordability of an area. The median home price in Sunny Isles Beach is 95.2% higher than the national average, while the average monthly rent prices are 71.6% higher than average. The affordability of any location can also be influenced by median income levels. Sunny Isles Beach has a median household income of $74,832, which is 8% lower than the national average.
Taxes: Locations with elevated tax rates, encompassing both sales and income taxes, can be a factor in driving up the cost of living. When you're paying more in taxes for everyday household expenses, it naturally translates into higher expenses. Similarly, a higher income tax rate can also contribute to an overall higher cost of living. In Sunny Isles Beach, the standard sales tax rate starts at 6%, and the income tax rates commence at 0%.
Utilities: Much like any other costs, utility expenses can exhibit considerable variations, influenced by factors such as climate, available energy sources, geographic location and state regulations. The costs associated with electricity, water, heating, and waste disposal can vary significantly depending on the city or state in question. In Sunny Isles Beach, the utilities index stands at 9.9% higher than the national average.
Transportation: When public transportation options are limited or non-existent, residents frequently resort to vehicle ownership, which can significantly contribute to the overall cost of living. Monthly financial obligations encompass fuel, insurance, regular maintenance and potentially lease or financing expenses. In Sunny Isles Beach, the transportation index is 3.3% higher than the national average.
The cost of living estimates displayed for Sunny Isles Beach are modeled using a U.S. average baseline of 100, helping provide a useful comparison of local living expenses. Housing calculations include U.S. Census home price and rental data, while all other values are AI-assisted estimates based on regional cost patterns, climate, transportation, and everyday spending expectations. These values are intended for directional comparisons across cities.
| Cost of living index | |
| Groceries index | |
| Health care index | |
| Housing index | |
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| Utilities index | |
| Lifestyle index | |
| Household index | |
| Educare index |
| Median Income | Per Year | Per Month | Max Budget (28% DTI) | Max Budget (36% DTI) |
| Owners | $79,678 | $6,640 | $1,859 | $2,391 |
| Renters | $73,241 | $6,103 | $1,709 | $2,197 |
| State | General Sales Tax | With Max Surtax |
| Florida | 6% | 7.5% |
| State | Income Tax (Low) | Income Tax (High) |
| Florida | 0% | 0% |
| City | Population | Cost of Living Index | National Avg. |
| Medley, FL | 1,076 | 89 | 10.7% |
| Pembroke Park, FL | 6,970 | 89 | 11.0% |
| Franklin Park, FL | 1,602 | 99 | 1.2% |
| Gladeview, FL | 13,938 | 99 | 1.4% |
| Roosevelt Gardens, FL | 2,139 | 100 | 0.4% |
| Sunny Isles Beach, FL | 22,386 | 130 | 29.5% |
| City | Population | Cost of Living Index | National Avg. |
| Lealman, FL | 22,381 | 97 | 2.7% |
| Coralville, IA | 22,380 | 104 | 3.7% |
| Westmount, QC | 22,392 | n/a | |
| New Castle, PA | 22,377 | 79 | 20.6% |
| Leland, NC | 22,366 | 110 | 9.6% |
| Sunny Isles Beach, FL | 22,386 | 130 | 29.5% |
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