Living in Cutler Bay, Florida
Cost of living, income, home prices, rent and demographics of Cutler Bay · Census data 2020–2024
Cutler Bay has 45,070 residents with a median age of 41.8. The median household income is $89,244 (20% higher than the Florida median), the median home value is $472,700, the median rent is $1,978/month.
Cutler Bay at a glance
- Population
- 45,070
- Median age
- 41.8State: 42.6
- Median household income
- $89,244State: $74,568
- Median home value
- $472,700State: $359,000
- Median rent
- $1,978/moState: $1,669
- Homeowners
- 69.7%
- Bachelor's degree or higher
- 34%
- Average commute
- 38 min
Is Cutler Bay a good place to live?
Pros: Median household income 20% higher than the Florida median; unemployment of 4.8%; a poverty rate of 9.7%.
Cons: Home values 32% higher than the state median; an average commute of 38 minutes.
The weather is best in December to March.
Cost of living in Cutler Bay
Housing is the biggest part of the cost of living. In Cutler Bay the median home value is $472,700, 42% higher than the U.S. median. Renters pay a median of $1,978 per month, which is 37.6% of household income. Homeowners with a mortgage pay $2,620 a month in housing costs.
Cutler Bay median household income
The median household income in Cutler Bay is $89,244 and the income per person is $36,834. 9.7% of residents live below the poverty line (Florida: 12.6%).
Housing in Cutler Bay: homes for sale and rent
- Housing units
- 15,074
- Owner-occupied
- 69.7%
- Renter-occupied
- 30.3%
- Vacant
- 4%Includes seasonal homes
- Median year built
- 1984
- Average household size
- 3.08
Cutler Bay demographics
- Population
- 45,070
- Median age
- 41.8
- Under 18
- 22.4%
- 65 and older
- 16.9%
- Households
- 14,469
- Foreign-born
- 42.1%
- Veterans
- 3%Adults 18+
Hispanic or Latino can be of any race. Population history of Cutler Bay ›
Education in Cutler Bay
34% of adults 25 and older in Cutler Bay have a bachelor's degree or higher (Florida: 34.1%), and 11.7% have a graduate or professional degree.
Jobs and commute in Cutler Bay
- Unemployment rate
- 4.8%State: 4.8%
- Average commute
- 38 minState: 28 min
- Work from home
- 16.1%
- Drive alone
- 71.2%
- Public transit
- 1.2%
- Walk to work
- 0.2%
- Homes with broadband
- 94.9%
Cutler Bay vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Cutler Bay | 45,070 | $89,244 | $472,700 | $1,978 |
| West Perrine | 11,162 | $66,997 | $411,500 | $1,488 |
| Palmetto Bay | 24,639 | $142,447 | $879,700 | $2,101 |
| South Miami Heights | 38,766 | $65,417 | $407,100 | $1,605 |
| Goulds | 14,425 | $61,735 | $481,200 | $1,423 |
| Palmetto Estates | 16,129 | $82,064 | $445,900 | $1,948 |
| Richmond Heights | 9,992 | $67,606 | $378,100 | $1,801 |
| Princeton | 42,625 | $83,426 | $426,900 | $1,647 |
| Three Lakes | 16,888 | $102,306 | $481,300 | $2,361 |
More for people moving to Cutler Bay
Cutler Bay ZIP code ›Weather and climate ›Living in Cutler Bay: FAQ
What is the median household income in Cutler Bay, FL?
The median household income in Cutler Bay is $89,244, 20% higher than the Florida median of $74,568 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Cutler Bay?
The median home value in Cutler Bay is $472,700, compared with $359,000 in Florida.
How much is rent in Cutler Bay?
The median gross rent in Cutler Bay is $1,978 per month, about 37.6% of household income.
Is Cutler Bay, FL a good place to live?
Pluses: median household income 20% higher than the Florida median; unemployment of 4.8%; a poverty rate of 9.7%. Minuses: home values 32% higher than the state median; an average commute of 38 minutes.
What is the median age in Cutler Bay?
The median age in Cutler Bay is 41.8 years (Florida: 42.6).
How long is the commute in Cutler Bay?
The average commute to work in Cutler Bay is 38 minutes; 16.1% of workers work from home.
What is the unemployment rate in Cutler Bay?
The unemployment rate in Cutler Bay is 4.8% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Cutler Bay?
34% of adults in Cutler Bay have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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