Cutler Bay, FL Cost Of Living
Cost Of Living In Cutler Bay, FL Summary
Cost of living in Cutler Bay research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Cutler Bay is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Florida, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Cutler Bay is 124, with 100 being the average.
The cost of living index in Cutler Bay is 1.2x higher than the national average.
Cutler Bay ranks as the #376 cheapest in Florida out of 459.
Cutler Bay ranks as the #4,654 cheapest out of 6,489 in the US.
The median home value in Cutler Bay is $564,571.
The median income in Cutler Bay is $82,155.
Table Of Contents
Cutler Bay's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Cutler Bay, FL?
According to the most recent data on the cost of living, Cutler Bay has an overall cost of living index of 124, which is 1.2x higher than the national index of 100.
Compared to Florida, Cutler Bay has a cost of living index that's 1.3x higher than Florida's index of 97.
The standard of living in Cutler Bay ranks as #376 most affordable out of the 459 places we measured in Florida. By definition, that implies Cutler Bay ranks as the #83 most expensive place in the Sunshine State.
For more reading on life in Cutler Bay, check out:
In Florida
In America
Cutler Bay Cost Of Living Vs. Florida
Six factors go into calculating the cost of living index in Cutler Bay. Here is how it fairs on each of the criteria:
The Services index in Cutler Bay is 107.
The Groceries index in Cutler Bay is 103.
The Health index in Cutler Bay is 95.
The Housing index in Cutler Bay is 165.
The Transportation index in Cutler Bay is 103.
The Utilities index in Cutler Bay is 103.
| Living Expense | Cutler Bay | Florida | National Average | |
|---|---|---|---|---|
| Overall | 124 | 97 | 100 | |
| Services | 107 | 96 | 100 | |
| Groceries | 103 | 99 | 100 | |
| Health | 95 | 98 | 100 | |
| Housing | 165 | 96 | 100 | |
| Transportation | 103 | 97 | 100 | |
| Utilities | 103 | 95 | 100 | |
Cutler Bay, 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 2019-2023. The key points are:
The Median Home Value in Cutler Bay is $564,571.
The Median Rent in Cutler Bay is $1,893.
The Median Income in Cutler Bay is $82,155.
The Home Value To Income in Cutler Bay is 6.9x.
The Rent To Monthly Income in Cutler Bay is 0.28x.
| Statistic | Cutler Bay | Florida | United States |
|---|---|---|---|
| Median Home Value | $564,571 | $377,066 | $303,400 |
| Median Rent | $1,893 | $1,564 | $1,348 |
| Median Income | $82,155 | $71,711 | $78,538 |
| Home Value To Income | 6.9x | 5.3x | 3.9x |
| Rent To Monthly Income | 0.28x | 0.26x | 0.21x |
Median Home Value
Median Rent
Median Income
Cutler Bay, FL Costs By Category
Detailed Cutler Bay Services Costs Vs. Florida
| Item | Cutler Bay | 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 Cutler Bay Groceries Costs Vs. Florida
| Item | Cutler Bay | 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 Cutler Bay Health Costs Vs. Florida
| Item | Cutler Bay | Florida |
|---|---|---|
| Optometrist | $98.49 | $125.68 |
| Doctor | $127.08 | $135.78 |
| Dentist | $107.83 | $113.29 |
Detailed Cutler Bay Transportation Costs Vs. Florida
| Item | Cutler Bay | Florida |
|---|---|---|
| Gasoline | $3.49 | $3.46 |
| Tire Balancing | $64.09 | $59.92 |
Detailed Cutler Bay Utilities Costs Vs. Florida
| Item | Cutler Bay | Florida |
|---|---|---|
| All Electricity | $200.94 | $193.99 |
| Phone | $194.37 | $192.25 |
Cutler Bay SnackAbility
/10
Cost Of Living In Cities Around Cutler Bay
The cost of living varies in the cities and towns around Cutler Bay. Here's a quick look at the cost of living in the most populous nearby places:
Kendale Lakes, FL has a cost of living index of 118, 1.0x Cutler Bay.
Tamiami, FL has a cost of living index of 124, 1.0x Cutler Bay.
Coral Gables, FL has a cost of living index of 188, 1.5x Cutler Bay.
| City | Population | Cost Of Living | Vs. Cutler Bay |
|---|---|---|---|
| Kendale Lakes, FL | 52,141 | 118 | 1.0x |
| Tamiami, FL | 51,201 | 124 | 1.0x |
| Coral Gables, FL | 49,243 | 188 | 1.5x |
| Princeton, FL | 41,476 | 117 | 0.9x |
| South Miami Heights, FL | 37,525 | 112 | 0.9x |
| Richmond West, FL | 35,988 | 132 | 1.1x |
| Palmetto Bay, FL | 24,247 | 151 | 1.2x |
| Coral Terrace, FL | 24,051 | 128 | 1.0x |
| The Crossings, FL | 22,359 | 125 | 1.0x |
| Country Walk, FL | 18,693 | 133 | 1.1x |
