Sunny Isles Beach, FL

Very High · 147

Florida · Population 22,125 · Updated March 2026

$2,002
Median Rent / Month
$59,124
Median Income
$489,700
Median Home Value
$2,058
Owner Costs / Month

Affordability

How far your income goes in Sunny Isles Beach

40.6%
Rent-to-Income Ratio
Burdened
Rent takes more than 35% of median income — considered cost-burdened.

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

$24,024
Annual Rent
$0
State Income Tax
$4,211
Property Tax (est.)

Cost of Living Overview

Sunny Isles Beach has a significantly higher cost of living than most US cities, driven largely by premium housing costs. With a cost index of 147 (where 100 equals the national median), Sunny Isles Beach residents can expect to pay median rent of $2,002/month while earning a median household income of $59,124/year.

The median home value in Sunny Isles Beach, FL is $489,700, with typical monthly owner costs around $2,058 including mortgage, insurance, and taxes. The 40.6% rent-to-income ratio indicates significant housing cost burden. Residents spend well over a third of their income on rent alone.

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 Sunny Isles Beach.

Frequently Asked Questions

Common questions about living costs in Sunny Isles Beach

What is the cost of living in Sunny Isles Beach, FL?
The cost of living index in Sunny Isles Beach, FL is 147 (US average = 100). Median monthly rent is $2,002, median household income is $59,124/year, and the median home value is $489,700.
Is Sunny Isles Beach, FL affordable?
No, Sunny Isles Beach is more expensive than the national average with a cost index of 147. The rent-to-income ratio is 40.6%—above the 30%% affordability threshold.
What is the average rent in Sunny Isles Beach, FL?
The median gross rent in Sunny Isles Beach, FL is $2,002 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $24,024.
What is the median household income in Sunny Isles Beach?
The median household income in Sunny Isles Beach, FL is $59,124 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.