Are you planning a move to Sunny Isles Beach, FL and wondering if it is an expensive place to live in? We’ll break down the cost of living in Sunny Isles Beach by answering the following key questions - what is expected cost of living Sunny Isles Beach, what is the median income in Sunny Isles Beach, what is a good livable salary in Sunny Isles Beach, and what are the average rent and home prices in Sunny Isles Beach.Is Sunny Isles Beach expensive to live in?Sunny Isles Beach is part of Miami-Miami Beach-Kendall Metro Div. metro area, which is ranked 35 out of 273 cities across the US in terms of cost of living. According to C2ER (the Council for Community and Economic Research), the cost of living in Sunny Isles Beach is estimated to be 115.5% of the national average making it one of the more expensive cities in the US. Show
Total monthly expenditure you can expect to incur depends on the cost of housing, food, utilities, transportation, healthcare, other miscellaneous goods and services. Note that your household composition (single or married, number of kids) and home ownership status (renting vs. owning) might affect your monthly expenses. Sunny Isles Beach, FL is ranked 35/273 cities in the US estimated to be 115.5% of the national average making it one of the more expensive cities in the US See our Sunny Isles Beach City Guide How do Sunny Isles Beach prices compare to other US cities?Sunny Isles Beach is ranked 35 out of 273 cities across the US in terms of cost of living. The cost of living in Sunny Isles Beach is 115.5% of the national average. Compare Sunny Isles Beach to:
Cost of Living Calculator for Sunny Isles BeachGet an estimate of income required to live comfortably in Sunny Isles Beach. Our cost of living calculator will give you an estimate of your expected expenditures on food, utilities, transportation, housing, healthcare, and more. Simply pick your marital status and family type from the drop-down. The calculator will give you a breakdown of your monthly spends on food, utilities, transportation, housing, healthcare, and other miscellaneous items to help you determine your cost of living in Sunny Isles Beach. Try it now. Marital Status Family Type Your required pre-tax income $0 Your required post-tax income $0
What is a livable salary in Sunny Isles Beach?The median household income in a city certainly helps gauge the cost of living. The median household income in Sunny Isles Beach is $55,350, which is 0% less than that of the state. The median income for an individual is $39,250, which is 25% more than that of the state. The minimum salary you need to live in Sunny Isles Beach is the sum of your daily expenses (groceries, utilities, transportation, entertainment), your monthly housing-related costs (rent, mortgage, insurance, maintenance), any debt expenses (monthly interest payments and principal paydowns), as well as your savings and investment goals. A good rule of thumb for housing affordability is the 28% rule: your monthly rent or the sum of your monthly mortgage, property taxes, and insurance should not exceed 28% of your gross income (income before tax). Understanding the expected costs in Sunny Isles Beach can help you determine whether a given salary is a livable salary. For instance, if you know the typical housing costs in Sunny Isles Beach, you can use widely followed simple rules to determine if you can afford it on your salary. A good rule of thumb for housing affordability is the 28% rule: your monthly rent or the sum of your monthly mortgage, property taxes, and insurance should not exceed 28% of your gross income (income before tax). Another good rule of thumb is the 50-30-20 rule which says 50% of the net income (income after tax) should be spent on needs, 30% on wants, and 20% on savings and investments. So plan to ensure that your net income covers your needs and wants, so that you can live comfortably in Sunny Isles Beach, FL. Median Household Income $55,350 Median Individual Income $39,250 What is the average rent in Sunny Isles Beach?Housing is generally the biggest monthly cost that you would need to account for. The average rent in Sunny Isles Beach (located in Miami-Miami Beach-Kendall Metro Div.) metro area for a 2-bed home is $2,154, which is 84% more than the average rent across the US. However, this average takes into account both metro and suburban areas. So, the costs may go up or down depending on which neighborhood you eventually decide to stay. Rent compared to national average 84% more What is the median home price in Sunny Isles Beach?The median home price in Sunny Isles Beach is $553,500 with a median price per sqft of $565. The cost of living index for housing estimates the cost of housing in Sunny Isles Beach to be 142.2% of the national average. This makes it one of the more expensive cities in the US. What is a cost of living calculator?A cost of living calculator helps you to assess how much you will need to make in order to live comfortably in a specific city. It takes into account various expenses that you will make in your daily lives (on housing, food, utilities, transportation, entertainment, etc.) and helps you determine a livable salary. The prices of goods and services vary in different cities, and hence having a cost of living index or calculator can make the decision to move easier by allowing you to directly compare one city with another. About the cost of living data
Explore all homes for sale in Sunny Isles Beach, FL The MLS data provided for the property above is provided courtesy of ZeroDown. Source: Southeast Florida MLS. Information is deemed reliable but not guaranteed. © 2022. The listing data on this page comes in part from the Internet Data Exchange (IDX), a collaboration between the following REALTOR(R) associations in the Southeast Florida Multiple Listing Service (MLS): Miami Association of REALTORS®, REALTOR® Association of Greater Ft. Lauderdale and South Broward Board of REALTORS®. All rights reserved. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Use of search facilities of data on the site, other than a consumer looking to purchase real estate, is prohibited. The information being provided by My Florida Regional MLS DBA Stellar MLS is for the consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the consumer may be interested in purchasing. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of My Florida Regional MLS DBA Stellar MLS. Real estate listings held by brokerage firms other than this site owner are marked with the IDX/MLS logo. Information deemed reliable but is not guaranteed accurate by My Florida Regional MLS DBA Stellar MLS How much does it cost to live in Sunny Isles?With an estimated population of 22.3K, Sunny Isles Beach is the 1974th largest city in the United States.
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Cost of Living in Sunny Isles Beach, FL.. Is Sunny Isles Beach a good place to live?Sunny Isles Beach is a suburb of Miami with a population of 21,853. Sunny Isles Beach is in Miami-Dade County and is one of the best places to live in Florida. Living in Sunny Isles Beach offers residents a dense urban feel and most residents rent their homes.
What type of people live in Sunny Isles?The median age in Sunny Isles Beach is 49.2 years, 48.9 years for males, and 49.3 years for females.. White: 82.87%. Two or more races: 11.39%. Black or African American: 2.24%. Asian: 1.96%. Other race: 1.30%. Native American: 0.23%. Native Hawaiian or Pacific Islander: 0.00%. Is Sunny Isles a nice beach?Sunny Isles may be home to some of Florida's best beaches, but that doesn't mean that each beach is as good as the last. Accommodations like Marenas Beach Resort open up onto the sand, and these resorts have often laid claim to the most pristine stretch of beach.
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Is it expensive to live in Sunny Isles Beach?
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