Cost of Living in South Beach, FL
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
291.4
100 = national avg
+191.4 vs national average
Living Wage (1 Adult)
$128,235
per year
Living Wage (Family of 4)
$303,102
per year
Cost Index by Category
Housing396.1
Food193.8
Transportation287.5
Healthcare175.0
Utilities200.0
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,222
per month
2 Bedroom
$1,604
per month
The overall cost of living index in South Beach is 291.4, which is 191.4% above the national average. Housing costs are above the national average at an index of 396.1. A single adult needs to earn approximately $128,235 per year to cover basic expenses.