Cost of Living in Bal Harbour, FL
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
228.4
100 = national avg
+128.4 vs national average
Living Wage (1 Adult)
$100,516
per year
Living Wage (Family of 4)
$237,582
per year
Cost Index by Category
Housing400.0
Food119.6
Transportation139.2
Healthcare115.7
Utilities171.8
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,995
per month
2 Bedroom
$2,436
per month
The overall cost of living index in Bal Harbour is 228.4, which is 128.4% above the national average. Housing costs are above the national average at an index of 400.0. A single adult needs to earn approximately $100,516 per year to cover basic expenses.