Housing costs in Bay Harbor Islands?
A typical home costs
$582,100, which is 72.2% more expensive than the national average of
$338,100 and 60.6% more expensive than the average Florida home, at
$362,400. Renting a two-bedroom unit in Bay Harbor Islands costs
$2,490 per month, which is 74.1% more than the national average of
$1,430 and 37.3% more than the state average of
$1,560.
Can I afford Bay Harbor Islands?
To live comfortably in Bay Harbor Islands, Florida, a minimum annual income of
$111,600 for a family, and
$80,000 for a single person is recommended.
What does A.I. say about Bay Harbor Islands?
The cost of living in Bay Harbor Islands, FL is significantly higher than the national average. The median home value in the area is $636,500, and the median rent price is around $2,200 per month. Groceries and other necessities are more expensive than elsewhere due to the area's upscale nature. However, many residents find that living in an area with so much culture and beauty makes up for the high costs of living. It’s a great place to live and work if you can afford it!