Cost of Living in Pinecrest, FL

Population 18,138 · Florida · Data vintage 2023

290
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Home prices in Pinecrest run well above the national baseline, with a median of $1.2 million, though local incomes keep the cost-to-earnings ratio tighter than in coastal metros with comparable sticker prices. Median household earnings of $192,477 place the city among the better-paid Florida metros.

Geographically, Pinecrest sits roughly 10 miles southwest of Miami. Median home values run roughly 148% higher than Miami's $475,000.

Cost Overview

Housing 387
Rent 146

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

About the Cost of Living in Pinecrest

The median home value in Pinecrest is $1,179,400 — 287% above the national median of $305,000. Median rent runs $1,916/month, 46% higher than the national median of $1,314/month. The median household income of $192,477/year is 158% higher than the US median of $74,580. The local unemployment rate is 4.1%, below the national average of 4.8%. Florida charges no state income tax, a meaningful advantage for take-home pay. Overall, Pinecrest has a cost of living index of 290 versus the US average of 100, meaning it is 190% more expensive.

🏠 Housing

Median Home Value
$1,179,400
287% above avg
Zillow Home Value
$2,145,406
Zillow ZHVI
Median Rent
$1,916/mo
46% above avg
Zillow Rent
$4,410/mo
Zillow ZORI
Price-to-Rent Ratio
51.3x
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 84.5%
Renter-occupied 15.4%

💰 Estimated Monthly Budget

Rent median rent
$1,916
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $2,530/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
29.6 min
10% above avg
Gas Price
$3.145/gal
0% below avg
Work From Home
26.2%

Commute Mode

Drove alone
63.8%
Carpooled
5.8%
Public transit
2.4%
Walked
1.1%
Bicycle
0.0%
Work from home
26.2%

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
$192,477
158% above avg
Per Capita Income
$103,702
Unemployment Rate
4.1%
15% below avg
Poverty Rate
6.3%
Labor Force Participation
63.0%

🎓 Education

Bachelor's degree+ 31.5%
Graduate degree 40.3%

👥 Demographics

Median Age 41.9
Male median age 40.8
Female median age 43.9

💨 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 Pinecrest, FL?

Pinecrest has a cost index of 290 (100 = national average). It is 190% above the national average.

What is average rent in Pinecrest, FL?

The median gross rent in Pinecrest is $1,916 per month based on 2023 Census data.

What is the average home price in Pinecrest?

The median home value in Pinecrest is $1,179,400 according to Zillow and Census data.

What is the median income in Pinecrest?

The median household income in Pinecrest is $192,477 per year (2023 ACS 5-year estimates).

What is the sales tax in Pinecrest, FL?

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

Is Pinecrest, FL affordable?

Pinecrest is above average in cost of living, with an index of 290 — about 190% higher than the national average.

Pinecrest at a Glance

Population
18,138
Median Income
$192,477
Home Value
$1,179,400
Median Rent
$1,916/mo
Unemployment
4.1%
Sales Tax
7.0%
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Explore county-level cost of living data

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