Living in South Beach, Florida
Cost of living, income, home prices, rent and demographics of South Beach · Census data 2020–2024
South Beach has 3,063 residents with a median age of 68.3. The median household income is $193,594 (160% higher than the Florida median), the median home value is $900,700, the median rent is $3,501/month.
South Beach at a glance
- Population
- 3,063
- Median age
- 68.3State: 42.6
- Median household income
- $193,594State: $74,568
- Median home value
- $900,700State: $359,000
- Median rent
- $3,501/moState: $1,669
- Homeowners
- 98.5%
- Bachelor's degree or higher
- 66.5%
- Average commute
- 26 min
Is South Beach a good place to live?
Pros: Median household income 160% higher than the Florida median; an average commute of 26 minutes; a poverty rate of 4.7%.
Cons: Home values 151% higher than the state median; unemployment of 6.3%.
The weather is best in December to March.
Cost of living in South Beach
Housing is the biggest part of the cost of living. In South Beach the median home value is $900,700, 171% higher than the U.S. median. Renters pay a median of $3,501 per month, which is 16.3% of household income. Homeowners with a mortgage pay $4,001 a month in housing costs.
South Beach median household income
The median household income in South Beach is $193,594 and the income per person is $136,069. 4.7% of residents live below the poverty line (Florida: 12.6%).
Housing in South Beach: homes for sale and rent
- Housing units
- 2,229
- Owner-occupied
- 98.5%
- Renter-occupied
- 1.5%
- Vacant
- 32.8%Includes seasonal homes
- Median year built
- 1984
- Average household size
- 2.04
32.8% of homes are vacant most of the year, a sign that South Beach has many vacation and second homes.
South Beach demographics
- Population
- 3,063
- Median age
- 68.3
- Under 18
- 9.7%
- 65 and older
- 55.9%
- Households
- 1,499
- Foreign-born
- 5.6%
- Veterans
- 11%Adults 18+
Hispanic or Latino can be of any race. Population history of South Beach ›
Education in South Beach
66.5% of adults 25 and older in South Beach have a bachelor's degree or higher (Florida: 34.1%), and 25.2% have a graduate or professional degree.
Jobs and commute in South Beach
- Unemployment rate
- 6.3%State: 4.8%
- Average commute
- 26 minState: 28 min
- Work from home
- 46.7%
- Drive alone
- 47.8%
- Public transit
- 0%
- Walk to work
- 1.2%
- Homes with broadband
- 96.8%
South Beach vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| South Beach | 3,063 | $193,594 | $900,700 | $3,501 |
| Florida Ridge | 20,889 | $66,625 | $287,900 | $1,342 |
| Lakewood Park | 13,866 | $64,023 | $268,400 | $1,206 |
| St. Lucie Village | 714 | $77,386 | $443,600 | $1,281 |
| Vero Beach South | 30,344 | $73,420 | $335,200 | $1,314 |
| Vero Beach | 17,042 | $69,758 | $391,900 | $1,221 |
| Fort Pierce North | 7,224 | $40,228 | $167,600 | $921 |
| Gifford | 4,668 | $33,175 | $236,000 | $892 |
| Indian River Shores | 4,386 | $156,037 | $1,132,000 | $2,185 |
More for people moving to South Beach
South Beach ZIP code ›Weather and climate ›Living in South Beach: FAQ
What is the median household income in South Beach, FL?
The median household income in South Beach is $193,594, 160% 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 South Beach?
The median home value in South Beach is $900,700, compared with $359,000 in Florida.
How much is rent in South Beach?
The median gross rent in South Beach is $3,501 per month, about 16.3% of household income.
Is South Beach, FL a good place to live?
Pluses: median household income 160% higher than the Florida median; an average commute of 26 minutes; a poverty rate of 4.7%. Minuses: home values 151% higher than the state median; unemployment of 6.3%.
What is the median age in South Beach?
The median age in South Beach is 68.3 years (Florida: 42.6).
How long is the commute in South Beach?
The average commute to work in South Beach is 26 minutes; 46.7% of workers work from home.
What is the unemployment rate in South Beach?
The unemployment rate in South Beach is 6.3% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is South Beach?
66.5% of adults in South Beach 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.
Last updated: