Cost of Living in South Beach, FL
Population 3,081 · Florida · Data vintage 2023
(100 = US avg)
Housing in South Beach sits 182% above the national median — $860,000 for the typical home — but median household incomes near $188,095 (152% above the US figure) soften the blow that similar pricing creates in lower-wage metros.
South Beach sits roughly 20 miles north of Port St. Lucie — close enough that regional housing and labor patterns are shaped largely by the larger market. Median home values run roughly 162% higher than Port St. Lucie's $328,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in South Beach
The median home value in South Beach is $860,000 — 182% above the national median of $305,000. Median rent runs $3,501/month, 166% higher than the national median of $1,314/month. The median household income of $188,095/year is 152% higher than the US median of $74,580. The local unemployment rate is 5.0%, above the national average of 4.8%. Florida charges no state income tax, a meaningful advantage for take-home pay. Overall, South Beach has a cost of living index of 276 versus the US average of 100, meaning it is 176% more expensive.
South Beach has limited residential data
Detailed housing and income data is limited for this location. Here are the nearest cities with full cost of living data:
🏠 Housing
HUD Fair Market Rents by Bedroom
💰 Estimated Monthly Budget
Estimates based on median data and national averages. Actual costs vary.
🛒 Food & Groceries
National BLS average prices (2023). Local prices may vary.
🚗 Transportation
Commute Mode
⚡ Utilities
📋 Taxes
💼 Income & Employment
🎓 Education
👥 Demographics
💨 Air Quality
EPA AQS 2023 — county-level monitoring data
Frequently Asked Questions
What is the cost of living in South Beach, FL?
South Beach has a cost index of 276 (100 = national average). It is 176% above the national average.
What is average rent in South Beach, FL?
The median gross rent in South Beach is $3,501 per month based on 2023 Census data.
What is the average home price in South Beach?
The median home value in South Beach is $860,000 according to 2023 Census ACS data.
What is the median income in South Beach?
The median household income in South Beach is $188,095 per year (2023 ACS 5-year estimates).
What is the sales tax in South Beach, FL?
The combined state and local sales tax rate in South Beach is 7.0%. Florida has no state income tax.
Is South Beach, FL affordable?
South Beach is above average in cost of living, with an index of 276 — about 176% higher than the national average.
South Beach at a Glance
- Population
- 3,081
- Median Income
- $188,095
- Home Value
- $860,000
- Median Rent
- $3,501/mo
- Unemployment
- 5.0%
- Sales Tax
- 7.0%
Nearby Cities
Explore county-level cost of living data
Florida Rankings
Similar Cost Cities
Cities in other states with comparable housing costs