Sunny Isles Beach, FL Economy


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Sunny Isles Beach, FL is a great city to live in due to its close proximity to Miami and its beautiful beaches. The cost of living in Sunny Isles Beach is higher than the US average; for example, the rent for a two-bedroom apartment is $2,420 compared with $1,430 in the US. Additionally, the Grocery Cost Index in Sunny Isles Beach is 108 versus 100 in the US. Despite these higher costs, there are many benefits to living in Sunny Isles Beach such as plenty of shopping opportunities at local stores like Publix Supermarkets and Walmart. There are also many nearby restaurants such as La Scala Italian Restaurant and Il Mulino New York Trattoria that offer delicious cuisines from all over the world. Overall, although living in Sunny Isles Beach can be more expensive than other locations in the US, it will provide you with an amazing lifestyle.

Sunny Isles Beach has an unemployment rate of 8.2%. The US average is 6.0%.

Sunny Isles Beach has seen the job market increase by 0.8% over the last year. Future job growth over the next ten years is predicted to be 38.0%, which is higher than the US average of 33.5%.

Tax Rates for Sunny Isles Beach
- The Sales Tax Rate for Sunny Isles Beach is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Sunny Isles Beach is 0.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.

Income and Salaries for Sunny Isles Beach
- The average income of a Sunny Isles Beach resident is $50,456 a year. The US average is $28,555 a year.
- The Median household income of a Sunny Isles Beach resident is $51,760 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomySunny Isles Beach, FloridaUnited States
  8.26
  -11.1%-6.2%
  38.0%33.5%
  7.0%6.2%
  0.0%4.6%
  $46,790$37,638
  $51,760$69,021
  $79,073$85,028
  Population by Occupation
  0.5%1.2%
  0.1%0.5%
  7.2%6.8%
  2.7%10.0%
  4.9%2.5%
  13.9%11.0%
  9.2%4.8%
  0.5%0.8%
  1.4%1.9%
  4.9%4.7%
  7.1%1.9%
  11.1%7.6%
  0.2%0.1%
  3.4%4.2%
  3.2%9.3%
  12.7%14.0%
  2.2%2.1%
  6.9%7.0%
  5.2%4.8%
  2.8%4.7%
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