The 10 Most Expensive Places To Live In Florida For 2021


We used science and data to determine which cities in Florida that will put a big dent in your wallet.

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Editor’s Note: We updated this article for 2021. This is our seventh time ranking the most expensive places to live in Florida.

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 $39,049/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.

Here are the 10 most expensive places to live in Florida for 2021:

  1. Surfside
  2. Key West
  3. West Miami
  4. Miami Beach
  5. Southwest Ranches
  6. Sunny Isles Beach
  7. Miami
  8. Aventura
  9. North Bay Village
  10. Marathon

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

So hopefully Live Oak (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 2021

1. SurfsideSurfside, FL

Overall SnackAbility

9.5
/10

Population: 5,725
Rank Last Year: 3 (Up 2)
Home Price To Income Ratio: 9.1x (3rd most expensive)
Income To Rent Ratio: 34.9x (20th most expensive)
More on Surfside: Real Estate | Data | Photos

The median income in Surfside comes in at $69,063 and the median home value is $625,500 for 2021.

2. Key WestKey West, FL

Overall SnackAbility

8
/10

Population: 24,843
Rank Last Year: 1 (Down 1)
Home Price To Income Ratio: 8.8x (4th most expensive)
Income To Rent Ratio: 38.3x (43rd most expensive)
More on Key West: Real Estate | Data | Photos

The median income in Key West comes in at $69,630 and the median home value is $611,400 for 2021.

3. West MiamiWest Miami, FL

Overall SnackAbility

8
/10

Population: 7,788
Rank Last Year: 8 (Up 5)
Home Price To Income Ratio: 6.7x (13th most expensive)
Income To Rent Ratio: 33.0x (11th most expensive)
More on West Miami: Real Estate | Data | Photos

The median income in West Miami comes in at $49,942 and the median home value is $335,800 for 2021.

4. Miami BeachMiami Beach, FL

Source: Public domain
Overall SnackAbility

7
/10

Population: 90,108
Rank Last Year: 5 (Up 1)
Home Price To Income Ratio: 8.5x (5th most expensive)
Income To Rent Ratio: 38.7x (47th most expensive)
More on Miami Beach: Real Estate | Data | Photos

The median income in Miami Beach comes in at $53,971 and the median home value is $459,000 for 2021.

5. Southwest Ranches

Overall SnackAbility

8.5
/10

Population: 7,921
Rank Last Year: 1 (Down 3)
Home Price To Income Ratio: 5.2x (36th most expensive)
Income To Rent Ratio: 35.6x (26th most expensive)
More on Southwest Ranches: Real Estate | Data

The median income in Southwest Ranches comes in at $124,591 and the median home value is $641,800 for 2021.

6. Sunny Isles BeachSunny Isles Beach, FL

Overall SnackAbility

8.5
/10

Population: 21,942
Rank Last Year: 6 (No Change)
Home Price To Income Ratio: 6.5x (18th most expensive)
Income To Rent Ratio: 34.4x (15th most expensive)
More on Sunny Isles Beach: Real Estate | Data | Photos

The median income in Sunny Isles Beach comes in at $55,350 and the median home value is $359,900 for 2021.

7. MiamiMiami, FL

Overall SnackAbility

4
/10

Population: 454,279
Rank Last Year: 4 (Down 3)
Home Price To Income Ratio: 8.1x (8th most expensive)
Income To Rent Ratio: 33.0x (12th most expensive)
More on Miami: Real Estate | Data | Photos

The median income in Miami comes in at $39,049 and the median home value is $317,700 for 2021.

8. AventuraAventura, FL

Overall SnackAbility

8.5
/10

Population: 37,303
Rank Last Year: 7 (Down 1)
Home Price To Income Ratio: 5.6x (27th most expensive)
Income To Rent Ratio: 34.0x (14th most expensive)
More on Aventura: Real Estate | Data | Photos

The median income in Aventura comes in at $63,892 and the median home value is $355,200 for 2021.

9. North Bay VillageNorth Bay Village, FL

Overall SnackAbility

8.5
/10

Population: 8,161
Rank Last Year: 10 (Up 1)
Home Price To Income Ratio: 5.3x (32nd most expensive)
Income To Rent Ratio: 35.4x (23rd most expensive)
More on North Bay Village: Real Estate | Data | Photos

The median income in North Bay Village comes in at $62,396 and the median home value is $331,500 for 2021.

10. MarathonMarathon, FL

Overall SnackAbility

7.5
/10

Population: 8,702
Rank Last Year: 9 (Down 1)
Home Price To Income Ratio: 7.5x (11th most expensive)
Income To Rent Ratio: 42.7x (70th most expensive)
More on Marathon: Real Estate | Data | Photos

The median income in Marathon comes in at $56,365 and the median home value is $425,200 for 2021.

How We Determined The Most Expensive Places To Live In The Sunshine State For 2021

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 if you can live comes down to:

  1. How much do money do I make?
  2. How much do I have 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 2015-2019 around incomes and costs. They are:

  • Median Home Price / Median Income (lower is better)
  • Median Income / Median Rent (Higher is better)
  • Median Home Price

We added simply median home price because high home prices generally correlate with higher expenses for all costs related to homes (heating, electricity, etc).

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

What you are left with is 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 in order to rank all of the 219 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 Surfside. You can download the data here.

Taking A Chunk Out Of Your Paycheck In Florida For 2021

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

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

  1. Live Oak
  2. Fort Meade
  3. Quincy

For more Florida reading, check out:

Detailed List Of The Most Expensive Cities In Florida

Rank City ExpensiveScore Population Home/Income Ratio Income/Rent Ratio
1 Surfside 11.0 5,725 9.1x 34.9x
2 Key West 19.67 24,843 8.8x 38.3x
3 West Miami 22.67 7,788 6.7x 33.0x
4 Miami Beach 23.67 90,108 8.5x 38.7x
5 Southwest Ranches 23.67 7,921 5.2x 35.6x
6 Sunny Isles Beach 24.67 21,942 6.5x 34.4x
7 Miami 25.33 454,279 8.1x 33.0x
8 Aventura 27.67 37,303 5.6x 34.0x
9 North Bay Village 34.33 8,161 5.3x 35.4x
10 Marathon 35.0 8,702 7.5x 42.7x
11 Hialeah 36.33 234,539 6.5x 30.0x
12 Doral 38.33 59,972 5.1x 38.9x
13 South Miami 39.0 12,046 9.2x 46.4x
14 Hallandale Beach 44.67 39,656 5.5x 31.2x
15 Boca Raton 51.67 97,468 5.5x 47.2x
16 Marco Island 56.67 17,834 7.9x 52.6x
17 Delray Beach 56.67 68,217 4.6x 38.4x
18 Fort Lauderdale 57.0 180,124 5.6x 46.0x
19 Bay Harbor Islands 58.17 5,861 4.6x 44.1x
20 Homestead 61.0 68,438 4.7x 37.5x
21 South Pasadena 61.0 5,088 5.2x 30.7x
22 Opa-Locka 61.0 16,149 7.2x 23.8x
23 North Miami 61.67 62,489 4.9x 35.5x
24 Lauderdale-By-The-Sea 62.0 6,626 6.1x 51.0x
25 Miami Lakes 62.0 30,864 5.1x 48.5x
26 West Palm Beach 64.67 109,767 4.6x 41.7x
27 Key Biscayne 66.33 12,915 8.0x 59.4x
28 Coral Gables 67.67 50,226 8.4x 59.6x
29 Miami Springs 68.67 14,146 6.6x 54.5x
30 Plantation 69.0 93,449 4.4x 44.6x
31 Cocoa Beach 69.67 11,619 5.4x 49.0x
32 Hollywood 69.67 152,511 4.7x 44.6x
33 Orlando 69.67 280,832 4.6x 43.3x
34 Lighthouse Point 69.67 11,195 6.6x 56.8x
35 Sweetwater 70.33 20,865 4.5x 30.0x
36 Weston 70.67 70,614 4.5x 49.3x
37 Fort Myers 71.33 79,927 5.1x 44.9x
38 North Palm Beach 72.0 13,029 4.6x 47.2x
39 Naples 73.0 21,812 9.2x 78.9x
40 Mount Dora 73.0 13,897 5.0x 45.9x
41 Sarasota 74.0 56,919 5.0x 47.3x
42 Miami Gardens 74.0 111,363 4.3x 34.5x
43 Lake Worth 74.5 38,010 4.6x 37.7x
44 Palm Beach 75.0 8,723 8.3x 81.0x
45 North Miami Beach 76.17 42,971 4.4x 36.6x
46 Pompano Beach 76.33 110,062 4.3x 39.1x
47 Dania Beach 77.0 32,008 4.1x 34.4x
48 Sanibel 77.0 7,319 6.7x 70.0x
49 Hialeah Gardens 77.33 23,709 3.9x 35.1x
50 Tequesta 77.67 6,071 4.9x 53.0x
51 Lantana 78.67 11,695 4.5x 44.1x
52 Longboat Key 78.67 7,283 6.5x 70.6x
53 Wilton Manors 79.67 12,630 4.6x 49.6x
54 Coral Springs 79.67 132,568 4.6x 50.5x
55 Winter Park 80.33 30,522 5.7x 60.4x
56 Maitland 80.33 17,765 4.9x 53.9x
57 Venice 82.0 23,086 4.2x 44.3x
58 Pinecrest 82.0 19,244 6.1x 101.3x
59 Pembroke Pines 82.67 170,072 4.2x 45.4x
60 Fort Myers Beach 83.0 7,048 6.0x 64.4x
61 Margate 83.0 58,023 4.0x 34.8x
62 St. Pete Beach 83.33 9,587 6.0x 69.4x
63 Sunrise 83.67 94,060 3.7x 35.3x
64 Florida City 84.33 11,928 4.3x 30.2x
65 Fernandina Beach 84.33 12,364 5.2x 56.1x
66 Wellington 85.33 64,396 4.1x 49.6x
67 Oakland Park 85.33 44,699 4.2x 42.0x
68 Kissimmee 85.83 71,185 4.2x 35.7x
69 St. Augustine 86.67 14,515 5.0x 51.8x
70 Palm Beach Gardens 87.0 56,219 4.3x 51.6x
71 Davie 87.33 104,399 4.3x 48.7x
72 Jupiter 87.67 64,565 4.3x 52.3x
73 Miramar 88.0 139,468 4.2x 48.5x
74 Treasure Island 88.33 6,889 5.1x 60.8x
75 Tampa 89.0 387,916 4.4x 47.6x
76 North Lauderdale 89.33 44,020 3.8x 29.7x
77 Vero Beach 90.0 16,857 5.3x 54.9x
78 Tallahassee 90.83 191,279 4.5x 44.7x
79 West Park 91.0 15,012 3.7x 32.8x
80 St. Augustine Beach 91.67 6,933 4.8x 63.9x
81 Atlantic Beach 91.83 13,575 4.6x 58.5x
82 New Smyrna Beach 92.0 26,457 4.5x 50.5x
83 Palm Coast 92.0 85,933 3.9x 41.9x
84 Punta Gorda 92.67 19,571 5.3x 59.7x
85 Riviera Beach 93.5 34,702 4.0x 40.1x
86 Boynton Beach 93.67 76,832 3.6x 38.3x
87 Indian Harbour Beach 94.33 8,470 4.8x 55.9x
88 Clearwater 94.33 115,159 4.2x 44.6x
89 Gainesville 94.33 132,127 4.3x 39.1x
90 Bonita Springs 97.0 55,902 4.4x 54.2x
91 Minneola 97.33 11,559 3.6x 41.6x
92 Palmetto Bay 97.67 24,333 4.6x 86.6x
93 Cutler Bay 97.67 44,222 3.8x 48.3x
94 Miami Shores 98.33 10,459 4.5x 81.1x
95 Belle Glade 99.67 19,654 4.7x 39.5x
96 Destin 100.0 13,702 4.2x 54.9x
97 Daytona Beach 100.17 67,604 4.3x 38.4x
98 Neptune Beach 100.33 7,101 4.5x 65.6x
99 Lauderhill 101.0 71,625 3.7x 33.7x
100 Stuart 102.0 16,161 3.9x 42.5x

How Is The Area In ?

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.