What is the cost of living in Bay Harbor Islands, FL?
According to the most recent data on the cost of living, Bay Harbor Islands has an overall cost of living index of 141, which is 1.4x higher than the national index of 100.
Compared to Florida, Bay Harbor Islands has a cost of living index that's 1.4x higher than Florida's index of 104.
The standard of living in Bay Harbor Islands ranks as #434 most affordable out of the 462 places we measured in Florida. By definition, that implies Bay Harbor Islands ranks as the #28 most expensive place in the Sunshine State.
For more reading on life in Bay Harbor Islands, check out:
Bay Harbor Islands Cost Of Living Vs. Florida
Six factors go into calculating the cost of living index in Bay Harbor Islands. Here is how it fares on each of the criteria:
The Services index in Bay Harbor Islands is 101.
The Groceries index in Bay Harbor Islands is 108.
The Health index in Bay Harbor Islands is 232.
The Housing index in Bay Harbor Islands is 102.
The Transportation index in Bay Harbor Islands is 112.
The Utilities index in Bay Harbor Islands is 101.
| Living Expense | Bay Harbor Islands | Florida | National Average |
|---|---|---|---|
| Overall | 141 | 104 | 100 |
| Services | 101 | 101 | 100 |
| Groceries | 108 | 105 | 100 |
| Health | 232 | 99 | 100 |
| Housing | 102 | 104 | 100 |
| Transportation | 112 | 109 | 100 |
| Utilities | 101 | 105 | 100 |
Bay Harbor Islands Cost Of Living Compared To Florida Averages
Index where 100 = national average. Source: cost-of-living index 2026.
For more reading on cost of living around Florida, check out:
Protect your home budget Compare home warranties in Bay Harbor Islands Get matched →Source: Cost-of-living index 2026, normalized to US average = 100
Bay Harbor Islands, FL Housing Cost Breakdown
Housing swings affordability the most between places in Florida, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2020-2024. The key points are:
The Median Home Value in Bay Harbor Islands is $660,038.
The Median Rent in Bay Harbor Islands is $2,442.
The Median Income in Bay Harbor Islands is $89,663.
The Home Value To Income in Bay Harbor Islands is 7.4x.
The Rent To Monthly Income in Bay Harbor Islands is 0.33x.
| Statistic | Bay Harbor Islands | Florida | United States |
|---|---|---|---|
| Median Home Value | $660,038 | $375,661 | $332,700 |
| Median Rent | $2,442 | $1,669 | $1,413 |
| Median Income | $89,663 | $74,568 | $80,734 |
| Home Value To Income | 7.4x | 5.0x | 4.1x |
| Rent To Monthly Income | 0.33x | 0.27x | 0.21x |
Bay Harbor Islands, FL Costs By Category
Detailed Bay Harbor Islands Services costs vs. Florida
| Item | Bay Harbor Islands | Florida |
|---|---|---|
| Shampoo | $1.53 | $1.28 |
| Movie | $14.35 | $12.13 |
| Bowling | $23.67 | $18 |
| Haircut | $20.53 | $24.26 |
| Beauty Salon | $88.07 | $45.56 |
Detailed Bay Harbor Islands Groceries costs vs. Florida
| Item | Bay Harbor Islands | Florida |
|---|---|---|
| Ground Beef | $6.11 | $5.84 |
| Fried Chicken | $1.4 | $1.57 |
| Milk | $4.6 | $4.67 |
| Potatoes | $5.24 | $4.93 |
| Pizza | $14.13 | $12.09 |
| Beer | $11.44 | $10.41 |
| Toothpaste | $3.51 | $3.7 |
Detailed Bay Harbor Islands Health costs vs. Florida
| Item | Bay Harbor Islands | Florida |
|---|---|---|
| Optometrist | $98.49 | $125.68 |
| Doctor | $127.08 | $135.78 |
| Dentist | $107.83 | $113.29 |
Detailed Bay Harbor Islands Transportation costs vs. Florida
| Item | Bay Harbor Islands | Florida |
|---|---|---|
| Gasoline | $3.49 | $3.46 |
| Tire Balancing | $64.09 | $59.92 |
Detailed Bay Harbor Islands Utilities costs vs. Florida
| Item | Bay Harbor Islands | Florida |
|---|---|---|
| All Electricity | $200.94 | $193.99 |
| Phone | $194.37 | $192.25 |
Bay Harbor Islands SnackAbility
Cost Of Living In Cities Around Bay Harbor Islands
The cost of living varies in the cities and towns around Bay Harbor Islands. Here's a quick look at the cost of living in the most populous nearby places:
Pembroke Pines, FL has a cost of living index of 124, 0.9x Bay Harbor Islands.
Davie, FL has a cost of living index of 128, 0.9x Bay Harbor Islands.
North Miami, FL has a cost of living index of 108, 0.8x Bay Harbor Islands.
| City | Population | Cost Of Living | Vs. Bay Harbor Islands |
|---|---|---|---|
| Pembroke Pines, FL | 173,194 | 124 | 0.9x |
| Davie, FL | 108,346 | 128 | 0.9x |
| North Miami, FL | 60,344 | 108 | 0.8x |
| Coral Gables, FL | 49,802 | 191 | 1.4x |
| Tamiami, FL | 49,752 | 126 | 0.9x |
| North Miami Beach, FL | 43,898 | 108 | 0.8x |
| Miami Lakes, FL | 31,553 | 134 | 1.0x |
| Coral Terrace, FL | 24,895 | 128 | 0.9x |
| Sunny Isles Beach, FL | 22,437 | 131 | 0.9x |
| Key Biscayne, FL | 14,791 | 270 | 1.9x |
