Cost of living in Pinecrest 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 Pinecrest 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 Pinecrest is 195, with 100 being the average.
The cost of living index in Pinecrest is 1.9x higher than the national average.
Pinecrest ranks as the #455 cheapest in Florida out of 459.
Pinecrest ranks as the #6,290 cheapest out of 6,489 in the US.
The median home value in Pinecrest is $2,087,559.
The median income in Pinecrest is $192,477.
According to the most recent data on the cost of living, Pinecrest has an overall cost of living index of 195, which is 1.9x higher than the national index of 100.
Compared to Florida, Pinecrest has a cost of living index that's 2.0x higher than Florida's index of 97.
The standard of living in Pinecrest ranks as #455 most affordable out of the 459 places we measured in Florida. By definition, that implies Pinecrest ranks as the #4 most expensive place in the Sunshine State.
For more reading on life in Pinecrest, check out:
Six factors go into calculating the cost of living index in Pinecrest. Here is how it fairs on each of the criteria:
The Services index in Pinecrest is 107.
The Groceries index in Pinecrest is 103.
The Health index in Pinecrest is 97.
The Housing index in Pinecrest is 408.
The Transportation index in Pinecrest is 104.
The Utilities index in Pinecrest is 102.
| Living Expense | Pinecrest | Florida | National Average | |
|---|---|---|---|---|
| Overall | 195 | 97 | 100 | |
| Services | 107 | 96 | 100 | |
| Groceries | 103 | 99 | 100 | |
| Health | 97 | 98 | 100 | |
| Housing | 408 | 96 | 100 | |
| Transportation | 104 | 97 | 100 | |
| Utilities | 102 | 95 | 100 | |
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 Pinecrest is $2,087,559.
The Median Rent in Pinecrest is $1,916.
The Median Income in Pinecrest is $192,477.
The Home Value To Income in Pinecrest is 10.8x.
The Rent To Monthly Income in Pinecrest is 0.12x.
The cost of living varies in the cities and towns around Pinecrest. Here's a quick look at the cost of living in the most populous nearby places:
Kendall, FL has a cost of living index of 134, 0.7x Pinecrest.
Kendale Lakes, FL has a cost of living index of 118, 0.6x Pinecrest.
Tamiami, FL has a cost of living index of 124, 0.6x Pinecrest.
| City | Population | Cost Of Living | Vs. Pinecrest |
|---|---|---|---|
| Kendall, FL | 78,527 | 134 | 0.7x |
| Kendale Lakes, FL | 52,141 | 118 | 0.6x |
| Tamiami, FL | 51,201 | 124 | 0.6x |
| Coral Gables, FL | 49,243 | 188 | 1.0x |
| Richmond West, FL | 35,988 | 132 | 0.7x |
| Miami Lakes, FL | 30,731 | 136 | 0.7x |
| Palmetto Bay, FL | 24,247 | 151 | 0.8x |
| Coral Terrace, FL | 24,051 | 128 | 0.7x |
| The Crossings, FL | 22,359 | 125 | 0.6x |
| Country Walk, FL | 18,693 | 133 | 0.7x |