Cost of Living in South Bay, FL

Population 4,828 · Florida · Data vintage 2023

57
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

South Bay sits on the smaller end of the Florida city distribution. That scale shapes the housing market, the labor pool, and the services available to residents in ways the data below makes visible. Unemployment has stayed elevated relative to the national figure — 8.1% as of the most recent ACS release — which shows up in household-income and poverty figures as well.

Located 40 miles west of West Palm Beach, South Bay falls within that metro's commuting orbit. Median home values run roughly 66% lower than West Palm Beach's $370,000.

Cost Overview

Housing 41
Rent 81

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

About the Cost of Living in South Bay

The median home value in South Bay is $125,000 — 59% below the national median of $305,000. Median rent runs $1,067/month, 19% lower than the national median of $1,314/month. The median household income of $51,827/year is 31% lower than the US median of $74,580. The local unemployment rate is 8.1%, above the national average of 4.8%. Florida charges no state income tax, a meaningful advantage for take-home pay. Overall, South Bay has a cost of living index of 57 versus the US average of 100, meaning it is 43% less expensive.

🏠 Housing

Median Home Value
$125,000
59% below avg
Zillow Home Value
$492,993
Zillow ZHVI
Median Rent
$1,067/mo
19% below avg
Price-to-Rent Ratio
9.8x
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 60.2%
Renter-occupied 39.8%

💰 Estimated Monthly Budget

Rent median rent
$1,067
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,681/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
40.5 min
50% above avg
Gas Price
$3.145/gal
0% below avg
Work From Home
5.1%

Commute Mode

Drove alone
68.0%
Carpooled
16.1%
Public transit
5.6%
Walked
3.3%
Bicycle
0.8%
Work from home
5.1%

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
$51,827
31% below avg
Per Capita Income
$11,583
Unemployment Rate
8.1%
69% above avg
Poverty Rate
32.2%
Labor Force Participation
28.9%

🎓 Education

Bachelor's degree+ 6.6%
Graduate degree 1.8%

👥 Demographics

Median Age 38.1
Male median age 39.9
Female median age 33.4

💨 Air Quality

EPA AQS 2023 — county-level monitoring data

Median AQI 43 — Good
71.2%
Good air days/yr
122
Max AQI recorded
242
PM2.5 days
123
Ozone days

Frequently Asked Questions

What is the cost of living in South Bay, FL?

South Bay has a cost index of 57 (100 = national average). It is 43% below the national average.

What is average rent in South Bay, FL?

The median gross rent in South Bay is $1,067 per month based on 2023 Census data.

What is the average home price in South Bay?

The median home value in South Bay is $125,000 according to Zillow and Census data.

What is the median income in South Bay?

The median household income in South Bay is $51,827 per year (2023 ACS 5-year estimates).

What is the sales tax in South Bay, FL?

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

Is South Bay, FL affordable?

Yes, South Bay is generally considered affordable, with a cost of living index of 57 — about 43% below the US national average of 100.

South Bay at a Glance

Population
4,828
Median Income
$51,827
Home Value
$125,000
Median Rent
$1,067/mo
Unemployment
8.1%
Sales Tax
7.0%
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🗺️ County data for Florida

Explore county-level cost of living data

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