Cost of Living in Olympia Heights, FL

Population 13,179 · 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

Olympia Heights is a smaller Florida community of around 13000 residents, where median household incomes of $107,381 and housing costs ($497,000 for a typical home) give the local cost-of-living profile a distinctly small-town shape. An unemployment rate of 1.9% points to a labor market well on the tight side of the national distribution.

Geographically, Olympia Heights sits roughly 9 miles west of Miami. Housing prices track closely with Miami's $475,000 median.

Cost Overview

Housing 163
Rent 178

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

About the Cost of Living in Olympia Heights

The median home value in Olympia Heights is $497,300 — 63% above the national median of $305,000. Median rent runs $2,341/month, 78% higher than the national median of $1,314/month. The median household income of $107,381/year is 44% higher than the US median of $74,580. The local unemployment rate is 1.9%, below the national average of 4.8%. Florida charges no state income tax, a meaningful advantage for take-home pay. Overall, Olympia Heights has a cost of living index of 169 versus the US average of 100, meaning it is 69% more expensive.

🏠 Housing

Median Home Value
$497,300
63% above avg
Median Rent
$2,341/mo
78% above avg
Price-to-Rent Ratio
17.7x
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 85.4%
Renter-occupied 14.6%

💰 Estimated Monthly Budget

Rent median rent
$2,341
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $2,955/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
33.8 min
25% above avg
Gas Price
$3.145/gal
0% below avg
Work From Home
22.7%

Commute Mode

Drove alone
69.2%
Carpooled
5.5%
Public transit
1.6%
Walked
0.5%
Work from home
22.7%

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
$107,381
44% above avg
Per Capita Income
$44,269
Unemployment Rate
1.9%
60% below avg
Poverty Rate
12.4%
Labor Force Participation
62.5%

🎓 Education

Bachelor's degree+ 21.3%
Graduate degree 11.6%

👥 Demographics

Median Age 46.9
Male median age 42.9
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 Olympia Heights, FL?

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

What is average rent in Olympia Heights, FL?

The median gross rent in Olympia Heights is $2,341 per month based on 2023 Census data.

What is the average home price in Olympia Heights?

The median home value in Olympia Heights is $497,300 according to 2023 Census ACS data.

What is the median income in Olympia Heights?

The median household income in Olympia Heights is $107,381 per year (2023 ACS 5-year estimates).

What is the sales tax in Olympia Heights, FL?

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

Is Olympia Heights, FL affordable?

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

Olympia Heights at a Glance

Population
13,179
Median Income
$107,381
Home Value
$497,300
Median Rent
$2,341/mo
Unemployment
1.9%
Sales Tax
7.0%
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🗺️ County data for Florida

Explore county-level cost of living data

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