Cost of Living in Biscayne Park, FL

Population 3,056 · Florida · Data vintage 2023

169
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Housing in Biscayne Park sits 99% above the national median — $607,000 for the typical home — but median household incomes near $84,750 (14% above the US figure) soften the blow that similar pricing creates in lower-wage metros. A poverty rate near 30% adds context to the income figures — well above the US average, and worth factoring into any comparison with cities on the coasts or in the Rockies.

Located 6 miles southeast of Miami Gardens, Biscayne Park falls within that metro's commuting orbit. Median home values run roughly 80% higher than Miami Gardens' $337,000.

Cost Overview

Housing 199
Rent 123

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

About the Cost of Living in Biscayne Park

The median home value in Biscayne Park is $606,800 — 99% above the national median of $305,000. Median rent runs $1,615/month, 23% higher than the national median of $1,314/month. The median household income of $84,750/year is 14% higher than the US median of $74,580. The local unemployment rate is 1.6%, below the national average of 4.8%. Florida charges no state income tax, a meaningful advantage for take-home pay. Overall, Biscayne Park has a cost of living index of 169 versus the US average of 100, meaning it is 69% more expensive.

🏠 Housing

Median Home Value
$606,800
99% above avg
Zillow Home Value
$268,756
Zillow ZHVI
Median Rent
$1,615/mo
23% above avg
Price-to-Rent Ratio
31.3x
Favors renting
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 72.3%
Renter-occupied 27.7%

💰 Estimated Monthly Budget

Rent median rent
$1,615
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $2,229/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
39.0 min
44% above avg
Gas Price
$3.145/gal
0% below avg
Work From Home
13.1%

Commute Mode

Drove alone
76.1%
Carpooled
7.4%
Walked
2.3%
Work from home
13.1%

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
$84,750
14% above avg
Per Capita Income
$34,193
Unemployment Rate
1.6%
67% below avg
Poverty Rate
29.6%
Labor Force Participation
68.0%

🎓 Education

Bachelor's degree+ 25.0%
Graduate degree 19.9%

👥 Demographics

Median Age 28.8
Male median age 12.9
Female median age 35.9

💨 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 Biscayne Park, FL?

Biscayne Park has a cost index of 169 (100 = national average). It is 69% above the national average.

What is average rent in Biscayne Park, FL?

The median gross rent in Biscayne Park is $1,615 per month based on 2023 Census data.

What is the average home price in Biscayne Park?

The median home value in Biscayne Park is $606,800 according to Zillow and Census data.

What is the median income in Biscayne Park?

The median household income in Biscayne Park is $84,750 per year (2023 ACS 5-year estimates).

What is the sales tax in Biscayne Park, FL?

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

Is Biscayne Park, FL affordable?

Biscayne Park is above average in cost of living, with an index of 169 — about 69% higher than the national average.

Biscayne Park at a Glance

Population
3,056
Median Income
$84,750
Home Value
$606,800
Median Rent
$1,615/mo
Unemployment
1.6%
Sales Tax
7.0%
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🗺️ County data for Florida

Explore county-level cost of living data

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