Florida is one of the most sought-after and most expensive cities to live in the US. There are so many great things about living in the Sunshine State, from the weather to the beaches to all of the fun things you can do outdoors.
But before you pack your bags and move down there, you should be aware that not all areas of Florida are created equal – some cities are a lot more expensive than others.
If money is a concern for you, then it’s important to do your research before making any decisions. The cost of living might vary significantly depending on where in Florida you choose to live, though.
In actuality, contrary to what you might anticipate, Florida’s most expensive cities are completely different, according to recent reports.
Contrary to popular belief, Florida is not just about inexpensive retiree housing and unending beaches. In fact, living costs may be extremely high in a number of communities in the Sunshine State.
So today, we’re going to take a look at the 10 most expensive cities to live in Florida. Keep reading to find out more!
Related: Is Florida The Most Expensive State To Live In?
Table of Contents
Most Expensive Places to Live in Florida
1. Palm Beach
As one of the most affluent communities in Florida, Palm Beach has a cost of living that is reflective of its exclusivity. Although home prices have been on the decline in recent years, Palm Beach remains one of the more expensive places to live in the Sunshine State.
It is renowned for its opulent way of life and upscale resorts. Here, a lot of famous people and wealthy individuals have properties. Although the cost of living is expensive, the standard of living and amenities are also high.
Along with numerous upmarket stores and eateries, the city is also home to theaters, art galleries, and museums. Boaters and golfers alike enjoy visiting there. In Palm Beach, the cost of a property average over $1 million.
The high cost of living in Palm Beach is due, at least partly, to its location on the island. The area has limited land available for development and this makes property prices higher than they would otherwise be elsewhere on Florida’s coastlines.
The climate in this town is perfect for year-round recreation, which drives up the demand and prices of both real estate as well as rentals. The high-end lifestyle comes at a price because many restaurants & shops cater to those who can afford it; however, if you’re looking into moving here then be prepared that homes aren’t cheap!
In Palm Beach, taxes are also rather high, which raises the expense of living even more. These elements combined make Palm Beach one of Florida’s most expensive cities to live in.
Whether you’re looking for a place to retire or just want to get away from the cold winters up north, Palm Beach is definitely worth considering. Keep in mind, though, that with its high prices comes a high level of expectation – so make sure you’re prepared to pay up if you want to call this paradise home.
2. Bal Harbour
Bal Harbour is a luxurious and exclusive city located in Miami-Dade County, Florida. This affluent community is known for its stunning beaches and high-end shopping destinations.
If you’re looking for an upscale getaway, Bal Harbour is the perfect destination. Thanks to its prime location on the Atlantic coast, this city offers beautiful ocean views and plenty of activities to keep you busy.
The cost of living in Bal Harbour is 114% higher than the national average. The city’s most expensive real estate can be found here, with some houses listing at more than $2 million dollars!
While this may seem like an unfair advantage for those looking to buy their dream home or start a new life together; it does mean that many residents make well above what would traditionally consider “average wages.” Renting will also set you back quite nicely – averaging $2895/month (one-bedroom apartments).
Whether you’re interested in relaxing on the beach or indulging in some retail therapy, Bal Harbour has something for everyone. So, if you’re looking for a luxurious vacation spot, be sure to add Bal Harbour to your list!
The high cost of living in Bal Harbour is due to its location. The city resides within Miami-Dade County, which has one of the most expensive counties for housing and taxes out on Florida’s east coast; this drives up prices across all industries because there are so many luxe hotels that cater to professionals who want to stay close by during their commute back home after work or vacationing at some resort town nearby.
The abundance of pricey amenities attracts visitors looking specifically at edgy fashion designers wanting to show off new lines before they hit stores around.
The exclusive village of Bal Harbour is known for its luxury shops and five-star hotels. The crime rate in this area makes it an attractive place to live with people who can afford such luxuries, but there are plenty more affordable options available too!
Related: Is Florida The Most Expensive State To Live In?
3. Pinecrest
Pinecrest is a village in Florida where the median household income reaches over $164K and homes are valued at more than 1.6M!
It’s one of Miami-Dade County’s wealthiest villages, with an average home value well above most other areas around this gorgeous state. Pinecrest has a population of about 25,352 (2022) people and is one of the wealthiest villages in Florida.
According to Zillow, the median home value and household income in Pinecrest are over $1.9 million and $175,498, respectively. Pinecrest is renowned for its opulent residences and high-class way of living. Numerous CEOs, professionals, and business owners reside in the village.
Some of Florida’s top educational institutions, such as Miami Palmetto Senior High School and Palmetto Elementary School, are located near Pinecrest.
What accounts for Pinecrest’s high price? In order to respond to this, one must first analyze what features and attractions make the village such a desirable location to reside.
The perfect place for families looking to live in a village with excellent schools and safety, Pinecrest is known as one of Miami’s best neighborhoods.
Village life in this quaint little village is perfect because the police department does an excellent job at keeping crime rates low. However, homes and businesses still need to be up-to-code for safety reasons so that everyone feels comfortable living their lives here!
Related: Is Florida The Most Expensive State To Live In?
4. Key Biscayne
Key Biscayne is a paradise for those who enjoy the finer things in life. With its white-sand beaches and luxury hotels, Key has everything you need to make your stay on this island perfect!
Key Biscayne is a luxurious getaway for those who can afford to live there. With an average income of over $1 million and plenty of wealth in the area, it’s no wonder that prices are so high!
There simply isn’t enough land available though – only four square miles make up this small island community which has created friction between renters seeking affordable housing opportunities versus owners trying to sell their homes at higher values due to lack thereof.
However, it’s not all bad in Key Biscayne. The high property taxes are offset by some of the best beaches around – which means you’ll be able to enjoy your vacation with a clear mind and golden beach views every day!
5. Surfside
If you’re looking for a beautiful town to call home on the Atlantic Coast, Surfside is definitely worth considering. This charming community is located in Florida and boasts a wonderful beachside setting that is perfect for enjoying everything the ocean has to offer.
Surfside is known for its luxurious hotels and pristine beaches, but it’s also one of the most expensive cities in Florida. The median home value in Surfside is over $1.5 million, which is more than twice the statewide median.
While that may be out of reach for many people, Surfside still offers plenty of things to do and see. With its close proximity to Miami, there’s always something new to explore.
Whether you’re interested in surfing, fishing, or simply relaxing on the sand, Surfside is sure to please. Plus, with its convenient location just minutes from Miami Beach and downtown Miami, you’ll have plenty of opportunities for entertainment and dining options close by. The town is home to many celebrities and wealthy individuals, and it is also a popular tourist destination.
In the most expensive place to live in Florida, Surfside is far from an exception. Demand for housing remains high due not only to its location on one of America’s best-known vacation destinations but also because it’s home to many celebrities who want a piece of coral blissful relaxation away from Los Angeles life or New York City chaos!
If you’re looking for an idyllic coastal town to call your own, look no further than Surfside!
6. Key Largo
Key Largo offers both stunning natural beauty and luxury resorts, it is the perfect destination. With its crystal-clear waters and lush tropical vegetation, Key Largo is a true paradise.
And with world-class resorts like The Fairmont Orchid and The Ocean Reef Club, you’ll be able to enjoy all the pampering and privacy you desire.
Key Largo is a haven for tourists, and it’s no wonder with its crystal-clear waters and white-sand beaches. The cost of living is high here, though, so those considering moving to Key Largo should be prepared to pay a premium for the privilege.
The cost of living in Key Largo is high due to the demand for goods and services. This means that homes are also expensive, averaging around $1 million dollars each!
Although Key Largo’s public schools are among the best in the state, they are also some of the priciest. Families with the means can choose private schools, but they are not as prevalent as public schools.
What drives up the price? Off the coast of Florida, on an exclusive island town called Key Largo. Along with a selection of upmarket stores and eateries, the island is home to several luxury resorts, golf courses, and marinas.
Because of its close vicinity to the Florida Keys Reef, Key Largo is a well-liked vacation spot for boaters and fishermen as well.
Related: Is Florida The Most Expensive State To Live In?
7. Southwest Ranches
Southwest Ranches is one of the most expensive cities in the state of Florida with a median home price of $1,127,516 and an average rent exceeding that by about 20%, it’s clear to see why the city is so expensive.
However, there are some who say this high cost can be attributed in part due to its abundance of amenities for those with money – whether they’re riding horses or driving luxury cars!
Southwest Ranches is a city where the wealthy and famous life. Some of its notable residents include many celebrities, such as Southwest Ranch’s original developer who originally developed this area for equestrians back in 1955-1956 – before it became popular with golf courses!
The city of Southwest Ranches, Florida is home to some great amenities for both residents and visitors alike. One important landmark in this area is The Everglades Equestrian Preserve which provides protection from development while still allowing horses access!
There are also several parks that offer fitness opportunities like biking along trails or playing organized ball at one field per facility- so no matter your sport you’ll find something here worth getting excited about.
Southwest Ranches is one of the most desirable towns in Broward County. The location on nearly 5,000 acres makes it a prime spot for development with plenty to offer both now and into future years; two golf courses border this town as well making its schools some if not best around!
8. Highland Beach
Located in Palm Beach County, Florida, Highland Beach is a popular spot for tourists and residents alike. With its world-class restaurants, stunning ocean views, and perfect weather, it’s easy to see why Highland Beach is one of the most expensive places to live in the Sunshine State.
The eclectic mix of homes in this area makes it one of the most expensive locations for housing on Florida’s east coast. A home here costs an average of $1,140K and 45% more than other areas across the state!
In addition to luxury properties like The Lodge at Crystalaire – which has been recognized by Oprah Winfrey’s TV show.
Highland Beach also features exclusive private clubs/resorts where memberships vary depending upon your needs: from demo day dinners hosted by PGA tour pros all the way up to full-service country clubs.
What makes it to be pricey? It is understandable why the location is so pricey given its white-sand beaches, turquoise oceans, and lush tropical setting. However, Highland Beach is much more than just a gorgeous face; it’s also a fantastic place to live.
The town is home to numerous upmarket stores and eateries, as well as top-tier educational institutions and medical facilities. The community is close to important metropolises like Miami and Fort Lauderdale and has a low crime rate.
9. Sunny Isles Beach
Sunny Isles Beach is one of the most luxurious areas in all of Florida. The homeowners here enjoy a picturesque view and expensive properties that start at around $5 million dollars!
Sunny Isles Beach is known for its luxurious lifestyle and high cost of living. If you’re thinking about relocating to this vibrant city, be prepared to pay a premium for the privilege.
In fact, the cost of living in Sunny Isles Beach is significantly higher than in other cities in Florida. But with its world-class amenities and stunning ocean views, it’s easy to see why so many people are drawn to this exclusive enclave.
According to the 2020 American Community Survey, the median household income in Sunny Isles Beach is $96,435, which is significantly higher than the median household income of $53,975 for all of Miami-Dade County.
But what makes Sunny Isles Beach so expensive? It’s not just its location; it also has some of the best shopping in town with brands like Gucci right at your fingertips when you walk through those doors (literally).
And don’t forget about seafood restaurants that will make even heartless dieting individuals dream about taking their next bite into something mouthwateringly delicious…
Who says you have to live on the beach? Sunny Isles Beach has some of the world’s most expensive real estate and property. If money isn’t an issue, then I recommend visiting this place in order to enjoy luxury right by our favorite seaside destination!
10. Miami Beach
If you’re looking for a place to live in Florida, Miami Beach is not the cheapest option. In fact, it’s the most expensive place in the state.
According to a recent study by RENT Café, the median rent for a one-bedroom apartment in Miami Beach is $2,500/month. That’s more than twice as much as the median rent for a one-bedroom apartment in Tampa Bay, which is only $1,834/month. So, if you’re on a budget, you may want to consider looking elsewhere.
Miami Beach is the most expensive place in Florida. Recently, data from Trulia shows that the average price for a home in Miami Beach is $541,903 and the median household income in Miami Beach is $57,211. Keep this figure in mind as you search for your dream home – it’ll give you an idea of what to expect! Of course, prices vary depending on the neighborhood, so do your research before making any decisions.
Miami has a beautiful climate all year round and there are plenty of things to do in the city. You can find high-end shopping, restaurants with great food, art galleries, or museums if you’re looking for something different from beaches!
Miami also houses many celebrities who love coming down here because prices don’t get any higher than they already are on this island paradise called “South Beach.”
What makes the high cost of living in Miami Beach? Miami Beach has limited land available for development, which means that prices are high because there’s increased competition.
The city is also located on a barrier island where visitors come from all over the world to enjoy warm weather and beautiful beaches; this adds even more strain onto what little space remains (and forces locals out).
