Cutler Bay, FL

Very High · 134

Florida · Population 44,483 · Updated March 2026

$1,893
Median Rent / Month
$82,155
Median Income
$420,800
Median Home Value
$1,941
Owner Costs / Month

Affordability

How far your income goes in Cutler Bay

27.7%
Rent-to-Income Ratio
Moderate
Rent takes 25-35% of median income — moderate affordability.

Tax Burden in Florida

State-level tax rates that affect your costs

0%
Income Tax (Top Rate)
6.0%
Sales Tax
0.86%
Property Tax Rate

Estimated Annual Costs

$22,716
Annual Rent
$0
State Income Tax
$3,619
Property Tax (est.)

Cost of Living Overview

Cutler Bay has a significantly higher cost of living than most US cities, driven largely by premium housing costs. With a cost index of 134 (where 100 equals the national median), Cutler Bay residents can expect to pay median rent of $1,893/month while earning a median household income of $82,155/year.

The median home value in Cutler Bay, FL is $420,800, with typical monthly owner costs around $1,941 including mortgage, insurance, and taxes. With a rent-to-income ratio of 27.7%, Cutler Bay falls within the generally affordable range, though it's approaching the 30% burden threshold.

Florida has no state income tax, which can represent significant savings compared to high-tax states. Combined with a 6.0% sales tax rate and 0.86% effective property tax rate, the overall tax environment helps keep costs manageable in Cutler Bay.

Frequently Asked Questions

Common questions about living costs in Cutler Bay

What is the cost of living in Cutler Bay, FL?
The cost of living index in Cutler Bay, FL is 134 (US average = 100). Median monthly rent is $1,893, median household income is $82,155/year, and the median home value is $420,800.
Is Cutler Bay, FL affordable?
No, Cutler Bay is more expensive than the national average with a cost index of 134. The rent-to-income ratio is 27.7%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Cutler Bay, FL?
The median gross rent in Cutler Bay, FL is $1,893 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $22,716.
What is the median household income in Cutler Bay?
The median household income in Cutler Bay, FL is $82,155 per year. This compares to the national median of approximately $80,000.
What are the taxes like in Florida?
Florida has a top income tax rate of 0%, a sales tax of 6.0%, and an effective property tax rate of 0.86%. Notably, there is no state income tax.