Cost of Living in Aventura, FL

Population 39,372 · Florida · Data vintage 2023

156
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Aventura lands reasonably close to national benchmarks on most cost indicators, with a median home value of $416,000 — 36% above the US figure. That makes it a useful reference point for comparing with more extreme markets in Florida. Rental affordability is stretched — $2,423/month works out to about 35% of median household income, above the 30% "cost-burdened" line.

Geographically, Aventura sits roughly 5 miles southeast of Hollywood. Median home values run roughly 11% higher than Hollywood's $374,000.

Cost Overview

Housing 136
Rent 184

Scale: 100 = US national average. Green < 90, Red > 110.

About the Cost of Living in Aventura

The median home value in Aventura is $416,300 — 36% above the national median of $305,000. Median rent runs $2,423/month, 84% higher than the national median of $1,314/month. The median household income of $82,777/year is 11% higher than the US median of $74,580. The local unemployment rate is 3.9%, below the national average of 4.8%. Florida charges no state income tax, a meaningful advantage for take-home pay. Overall, Aventura has a cost of living index of 156 versus the US average of 100, meaning it is 56% more expensive.

🏠 Housing

Median Home Value
$416,300
36% above avg
Zillow Home Value
$424,850
Zillow ZHVI
Median Rent
$2,423/mo
84% above avg
Zillow Rent
$3,084/mo
Zillow ZORI
Price-to-Rent Ratio
14.3x
Favors buying
Property Tax Rate
0.9%
Effective rate

HUD Fair Market Rents by Bedroom

Studio
$1,085
1 BR
$1,181
2 BR
$1,427
3 BR
$1,797
4 BR
$2,099
Owner-occupied 64.5%
Renter-occupied 35.5%

💰 Estimated Monthly Budget

Rent median rent
$2,423
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $3,037/mo

Estimates based on median data and national averages. Actual costs vary.

🛒 Food & Groceries

National BLS average prices (2023). Local prices may vary.

🥚
Eggs (dozen)
$0.548
🍞
White Bread (lb)
$1.912
🥩
Ground Beef (lb)
$5.61

🚗 Transportation

Avg Commute
33.0 min
22% above avg
Gas Price
$3.145/gal
0% below avg
Work From Home
25.5%

Commute Mode

Drove alone
60.4%
Carpooled
7.4%
Public transit
1.9%
Walked
1.8%
Bicycle
0.3%
Work from home
25.5%

Utilities

Electricity
$0.176/kWh
0% below avg

📋 Taxes

State Income Tax (flat) None
Total Sales Tax 7.0%
State rate 6.0%
Avg local rate 1.1%
Property Tax 0.9%

💼 Income & Employment

Median Household Income
$82,777
11% above avg
Per Capita Income
$56,531
Unemployment Rate
3.9%
19% below avg
Poverty Rate
11.6%
Labor Force Participation
56.3%

🎓 Education

Bachelor's degree+ 31.6%
Graduate degree 23.7%

👥 Demographics

Median Age 48.4
Male median age 47.2
Female median age 49.1

💨 Air Quality

EPA AQS 2023 — county-level monitoring data

Median AQI 48 — Good
56.7%
Good air days/yr
170
Max AQI recorded
272
PM2.5 days
76
Ozone days

Frequently Asked Questions

What is the cost of living in Aventura, FL?

Aventura has a cost index of 156 (100 = national average). It is 56% above the national average.

What is average rent in Aventura, FL?

The median gross rent in Aventura is $2,423 per month based on 2023 Census data.

What is the average home price in Aventura?

The median home value in Aventura is $416,300 according to Zillow and Census data.

What is the median income in Aventura?

The median household income in Aventura is $82,777 per year (2023 ACS 5-year estimates).

What is the sales tax in Aventura, FL?

The combined state and local sales tax rate in Aventura is 7.0%. Florida has no state income tax.

Is Aventura, FL affordable?

Aventura is above average in cost of living, with an index of 156 — about 56% higher than the national average.