The 10 Most Expensive Places To Live In Florida For 2024


The most expensive cities in Florida are Key Biscayne and Palm Beach for 2024 based on Saturday Night Science.

With its near perfect weather, top-notch beaches, and world-renowned theme parks, living in the Sunshine State is worth every penny. But which places in Florida are the most expensive to live in?

It turns out that the priciest places in Florida are in one of two places: the Florida Keys and around Miami. If you’re willing to break the bank for a year-round tropical vibe, head to Key West or Marathon. For those who are more interested in a vibrant community with out-of-this-world Cuban cuisine, stick to the Magic City and it’s surrounding cities. In either case, you’re paying a premium to live near some of the country’s best beaches. Hey, Florida is already one of America’s most expensive states, so why not pay a little extra to really live the high life?

How much money should you earn to live comfortably in one of the most expensive cities in Florida? The data shows that you need to earn at least $73,160/year to live in these highly desirable locations. Florida is home to about 10% of the Forbes 400 wealthiest list, so it should come as no surprise that you need a hefty salary to compete. To live in these cities, you’ll have to pay a higher proportion of your salary on housing, and considering Florida has one of the highest average rents in America, you may want to earn even more to cover that expense.

If you’re ready to brave hurricanes and alligators, and pay a high price for the privilege, read on to find out the most expensive places to live in Florida.


Table Of Contents: Top Ten | Methodology | Summary | Table


The 10 Most Expensive Places To Live In Florida For 2024

  1. Key Biscayne
  2. Palm Beach
  3. Pinecrest
  4. Naples
  5. Southwest Ranches
  6. Coral Gables
  7. Sanibel
  8. Surfside
  9. Parkland
  10. Longboat Key

What’s the most expensive place to live in Florida? Well, HomeSnacks crunched the numbers and discovered that Key Biscayne is the most expensive place to live in Florida.

Palatka (the cheapest place to live in Florida) can show these guys how to live on a budget in the coming years. Read on for how these places had costs rise faster than inflation.

And if you already knew these places were expensive, check out some more reading about Florida and the most expensive cities in the country:

The 10 Most Expensive Places To Live In Florida For 2024

Key Biscayne, FL

Source: Public domain
Overall SnackAbility

10
/10

Population: 14,572
Cost Of Living Index: 217
Median Income: $173,015
Average Home Price: $1,568,763
Home Price To Income Ratio: 9.1x
More on Key Biscayne: Data | Crime | Cost Of Living | Real Estate

The overall cost of living in Key Biscayne is 217. The median income in Key Biscayne comes in at $173,015 and the average home value is $1,568,763 for 2024.

Palm Beach, FL

Source: Wikipedia User Elisa.rolle | CC BY-SA 4.0
Overall SnackAbility

9.5
/10

Population: 9,205
Cost Of Living Index: 196
Median Income: $190,824
Average Home Price: $1,976,941
Home Price To Income Ratio: 10.4x
More on Palm Beach: Data | Crime | Cost Of Living | Real Estate

The overall cost of living in Palm Beach is 196. The median income in Palm Beach comes in at $190,824 and the average home value is $1,976,941 for 2024.

Pinecrest, FL

Source: Public domain
Overall SnackAbility

7.5
/10

Population: 18,279
Cost Of Living Index: 186
Median Income: $178,095
Average Home Price: $1,909,075
Home Price To Income Ratio: 10.7x
More on Pinecrest: Data | Cost Of Living | Real Estate

The overall cost of living in Pinecrest is 186. The median income in Pinecrest comes in at $178,095 and the average home value is $1,909,075 for 2024.

Naples, FL

Source: Wikipedia User Marc Ryckaert (MJJR) | CC BY 2.5
Overall SnackAbility

9.5
/10

Population: 19,315
Cost Of Living Index: 172
Median Income: $135,657
Average Home Price: $596,178
Home Price To Income Ratio: 4.4x
More on Naples: Data | Crime | Cost Of Living | Real Estate

The overall cost of living in Naples is 172. The median income in Naples comes in at $135,657 and the average home value is $596,178 for 2024.

Southwest Ranches, FL

Source: Wikipedia User | CC BY 3.0
Overall SnackAbility

8.5
/10

Population: 7,589
Cost Of Living Index: 168
Median Income: $165,556
Average Home Price: $1,256,520
Home Price To Income Ratio: 7.6x
More on Southwest Ranches: Data | Crime | Cost Of Living | Real Estate

The overall cost of living in Southwest Ranches is 168. The median income in Southwest Ranches comes in at $165,556 and the average home value is $1,256,520 for 2024.

Coral Gables, FL

Source: Wikipedia User Averette | CC BY 3.0
Overall SnackAbility

9
/10

Population: 49,696
Cost Of Living Index: 167
Median Income: $118,203
Average Home Price: $1,354,428
Home Price To Income Ratio: 11.5x
More on Coral Gables: Data | Crime | Cost Of Living | Real Estate

The overall cost of living in Coral Gables is 167. The median income in Coral Gables comes in at $118,203 and the average home value is $1,354,428 for 2024.

Sanibel, FL

Source: Wikipedia User | GFDL
Overall SnackAbility

9.5
/10

Population: 6,420
Cost Of Living Index: 165
Median Income: $111,683
Average Home Price: $1,000,285
Home Price To Income Ratio: 9.0x
More on Sanibel: Data | Crime | Cost Of Living | Real Estate

The overall cost of living in Sanibel is 165. The median income in Sanibel comes in at $111,683 and the average home value is $1,000,285 for 2024.

Surfside, FL

Source: Wikipedia User | GFDL
Overall SnackAbility

8.5
/10

Population: 5,625
Cost Of Living Index: 161
Median Income: $73,160
Average Home Price: $1,161,290
Home Price To Income Ratio: 15.9x
More on Surfside: Data | Crime | Cost Of Living | Real Estate

The overall cost of living in Surfside is 161. The median income in Surfside comes in at $73,160 and the average home value is $1,161,290 for 2024.

Parkland, FL

Source: Flickr User digitalbookmobile | CC BY 2.0
Overall SnackAbility

7.5
/10

Population: 34,832
Cost Of Living Index: 157
Median Income: $188,544
Average Home Price: $1,077,923
Home Price To Income Ratio: 5.7x
More on Parkland: Data | Crime | Cost Of Living | Real Estate

The overall cost of living in Parkland is 157. The median income in Parkland comes in at $188,544 and the average home value is $1,077,923 for 2024.

Longboat Key, FL

Source: Wikipedia User Ebyabe | GFDL
Overall SnackAbility

10
/10

Population: 7,479
Cost Of Living Index: 157
Median Income: $141,250
Average Home Price: $1,105,402
Home Price To Income Ratio: 7.8x
More on Longboat Key: Data | Crime | Cost Of Living | Real Estate

The overall cost of living in Longboat Key is 157. The median income in Longboat Key comes in at $141,250 and the average home value is $1,105,402 for 2024.

Methodology: How We Determined The Most Expensive Places To Live In The Sunshine State For 2024

Map Of The Cheapest Places To Live In Florida
The two most important things to think about when it comes to being able to afford a city in Florida are:

  1. How much money do I make?
  2. How much do I have to spend to live there?

You need to understand your costs in the context of how much money you make.

For example, if the median household earns $100,000 and spends $40,000 on housing, it’s actually cheaper to live there than a place with a median income of $50,000 and housing costs of $21,000. You might spend more on housing, but you have more money overall to play with.

With that example in mind, we derived several statistics from the latest Census American Community Survey 2018-2022 around incomes and costs. They are:

  • Overall Cost Of Living Index
  • Median Home Price / Median Income (lower is better)
  • Median Income / Median Rent (Higher is better)
  • Median Home Price

You can then compare these metrics in each of the places in Florida to figure out which is the most expensive.

You are left with a “Cost of Living Index” by taking the average rank of each of these metrics for each city.

So we used that cost of living index to rank all of the 220 places in Florida that have more than 5,000 people.

The place with the highest cost of living in Florida according to the data is Key Biscayne. We updated this article for 2024. This article is our tenth time ranking the most expensive places to live in Florida.

Summary: Taking A Chunk Out Of Your Paycheck In Florida For 2024

Well, there you have it, the places in Florida that have the highest cost of living, with Key Biscayne ranking as the most expensive city in the Sunshine State.

The most expensive cities in Florida are Key Biscayne, Palm Beach, Pinecrest, Naples, Southwest Ranches, Coral Gables, Sanibel, Surfside, Parkland, and Longboat Key.

Here’s a look at the most affordable cities in Florida according to the data:

  1. Palatka
  2. Belleview
  3. Perry

For more Florida reading, check out:

Most Expensive Cities In Florida

Rank City Cost Of Living Population Median Income Average Home Price Home/Income Ratio
1 Key Biscayne 217 14,572 $173,015 $1,568,763 9.1x
2 Palm Beach 196 9,205 $190,824 $1,976,941 10.4x
3 Pinecrest 186 18,279 $178,095 $1,909,075 10.7x
4 Naples 172 19,315 $135,657 $596,178 4.4x
5 Southwest Ranches 168 7,589 $165,556 $1,256,520 7.6x
6 Coral Gables 167 49,696 $118,203 $1,354,428 11.5x
7 Sanibel 165 6,420 $111,683 $1,000,285 9.0x
8 Surfside 161 5,625 $73,160 $1,161,290 15.9x
9 Parkland 157 34,832 $188,544 $1,077,923 5.7x
10 Longboat Key 157 7,479 $141,250 $1,105,402 7.8x
11 Key West 145 26,078 $80,828 $1,074,326 13.3x
12 Weston 142 68,029 $132,832 $717,713 5.4x
13 Marco Island 142 15,942 $105,315 $903,039 8.6x
14 Miami Shores 142 11,638 $120,833 $1,025,122 8.5x
15 Palmetto Bay 141 24,267 $144,987 $962,359 6.6x
16 Miami Beach 134 82,400 $65,116 $525,643 8.1x
17 Boca Raton 133 97,980 $95,570 $574,246 6.0x
18 Doral 133 74,891 $83,823 $534,476 6.4x
19 Lighthouse Point 132 10,496 $86,586 $777,160 9.0x
20 South Miami 131 11,944 $78,830 $897,891 11.4x
21 Lauderdale-by-the-Sea 131 6,202 $76,855 $649,632 8.5x
22 Cooper City 130 34,046 $119,567 $657,515 5.5x
23 Miami Lakes 129 30,621 $90,339 $630,644 7.0x
24 Wellington 128 61,373 $105,848 $666,198 6.3x
25 Sunny Isles Beach 128 22,202 $57,145 $701,954 12.3x
26 Marathon 127 9,789 $70,313 $894,086 12.7x
27 Palm Beach Gardens 126 59,088 $106,544 $658,967 6.2x
28 Bay Harbor Islands 126 5,843 $73,587 $608,277 8.3x
29 Aventura 124 39,621 $75,211 $510,079 6.8x
30 Gulf Breeze 124 6,372 $107,202 $481,295 4.5x
31 Fort Myers Beach 124 5,650 $87,204 $623,652 7.2x
32 Winter Park 122 29,985 $96,563 $449,047 4.7x
33 Plantation 121 93,130 $83,074 $503,508 6.1x
34 Treasure Island 121 6,590 $87,941 $634,262 7.2x
35 Coral Springs 120 133,801 $87,488 $536,819 6.1x
36 St. Pete Beach 120 8,905 $112,578 $715,388 6.4x
37 Lake Mary 119 16,636 $106,971 $466,468 4.4x
38 Miami Springs 119 13,729 $88,196 $678,387 7.7x
39 North Bay Village 119 8,024 $76,815 $418,552 5.4x
40 Fort Lauderdale 118 182,673 $75,376 $534,210 7.1x
41 Jupiter 118 60,926 $105,413 $690,094 6.5x
42 Maitland 118 19,266 $89,871 $459,687 5.1x
43 Tequesta 118 6,116 $92,457 $661,607 7.2x
44 North Palm Beach 117 13,092 $89,175 $570,128 6.4x
45 Wilton Manors 116 11,451 $81,424 $603,112 7.4x
46 Punta Gorda 115 19,605 $75,898 $410,177 5.4x
47 West Miami 115 7,104 $73,525 $620,895 8.4x
48 Belle Isle 115 7,020 $111,836 $513,455 4.6x
49 St. Augustine Beach 115 6,774 $87,019 $604,317 6.9x
50 Miami 114 443,665 $54,858 $569,425 10.4x
51 Miramar 114 135,158 $81,812 $506,754 6.2x
52 Cutler Bay 114 44,738 $78,569 $531,378 6.8x
53 Royal Palm Beach 114 38,874 $90,143 $485,720 5.4x
54 Atlantic Beach 114 13,381 $99,628 $658,924 6.6x
55 Neptune Beach 114 6,743 $109,375 $706,435 6.5x
56 Pembroke Pines 113 170,472 $77,657 $485,196 6.2x
57 Davie 113 105,821 $84,346 $517,729 6.1x
58 Oviedo 113 39,552 $116,764 $497,890 4.3x
59 Cocoa Beach 113 11,334 $80,880 $497,607 6.2x
60 Bonita Springs 112 53,945 $84,668 $592,429 7.0x
61 Destin 112 13,923 $86,777 $635,124 7.3x
62 Jacksonville Beach 110 23,583 $109,649 $611,639 5.6x
63 Delray Beach 109 66,646 $76,558 $358,548 4.7x
64 Winter Garden 109 46,518 $101,953 $572,785 5.6x
65 Fernandina Beach 109 13,028 $86,494 $601,790 7.0x
66 Daytona Beach Shores 109 5,087 $65,334 $433,976 6.6x
67 Safety Harbor 108 17,087 $102,670 $519,382 5.1x
68 Satellite Beach 108 11,176 $103,819 $538,965 5.2x
69 Indian Harbour Beach 108 8,944 $78,774 $490,200 6.2x
70 West Palm Beach 107 117,588 $64,044 $417,563 6.5x
71 Dania Beach 107 31,700 $46,330 $373,346 8.1x
72 Sunrise 106 96,510 $66,001 $372,339 5.6x
73 North Miami 106 59,854 $49,069 $401,072 8.2x
74 Winter Springs 106 38,205 $83,732 $427,030 5.1x
75 Hollywood 105 152,764 $61,958 $452,509 7.3x
76 Homestead 105 79,996 $57,739 $423,264 7.3x
77 Clermont 105 43,266 $75,951 $424,952 5.6x
78 Hallandale Beach 105 41,102 $45,417 $328,630 7.2x
79 Coconut Creek 104 57,574 $72,740 $325,475 4.5x
80 Ocoee 104 47,290 $88,828 $417,918 4.7x
81 North Miami Beach 104 43,269 $56,122 $452,270 8.1x
82 Hialeah Gardens 104 22,815 $58,497 $415,761 7.1x
83 Mount Dora 104 16,330 $65,774 $383,778 5.8x
84 Flagler Beach 104 5,100 $64,242 $501,044 7.8x
85 Hialeah 103 222,996 $49,531 $445,753 9.0x
86 Cape Coral 103 198,912 $72,474 $394,398 5.4x
87 Pompano Beach 103 111,790 $61,155 $363,916 6.0x
88 Boynton Beach 103 80,068 $68,875 $421,925 6.1x
89 Tamarac 103 71,578 $59,140 $317,289 5.4x
90 Venice 103 25,710 $68,843 $449,500 6.5x
91 Lantana 103 11,703 $67,009 $412,266 6.2x
92 Miami Gardens 102 111,618 $56,071 $440,066 7.8x
93 Sarasota 102 55,508 $68,870 $462,175 6.7x
94 Apopka 102 55,056 $87,394 $392,939 4.5x
95 Oakland Park 102 44,056 $64,989 $380,204 5.9x
96 Riviera Beach 102 37,668 $57,851 $398,076 6.9x
97 New Smyrna Beach 102 30,449 $73,096 $476,677 6.5x
98 West Melbourne 102 26,762 $86,398 $410,923 4.8x
99 Niceville 102 15,804 $92,345 $436,865 4.7x
100 St. Augustine 102 14,642 $72,806 $456,760 6.3x
About Chris Kolmar

Chris Kolmar has been in the real estate business for almost ten years now. He originally worked for Movoto Real Estate as the director of marketing before founding HomeSnacks.

He believes the key to finding the right place to live comes down to looking at the data, reading about things to do, and, most importantly, checking it out yourself before you move.

If you've been looking for a place to live in the past several years, you've probably stumbled upon his writing already.

You can find out more about him on LinkedIn or his website.