Is Palmetto Bay cheaper than South Miami Heights?

South Miami Heights has the lower day-to-day cost index (107 vs 140 against a national 100). The other differences are shown facet by facet in the table.

What household income in South Miami Heights equals $85,000 in Palmetto Bay?

A household earning $85,000 in Palmetto Bay needs about $79,500 in South Miami Heights to keep the same lifestyle; coming the other way, $85,000 of South Miami Heights lifestyle costs about $90,500 in Palmetto Bay.

City data & comparisons

Residential comparison · 13 facts

Palmetto Bay, FL vs South Miami Heights, FL

Compare the housing, tax, cost, income, safety, school, and climate facts that are available for both places. The table shows the numbers without declaring one city universally better.

Personalize this comparison

A household earning $85,000 in Palmetto Bay needs about $79,500 in South Miami Heights to keep the same lifestyle.

Coming from South Miami Heights, $85,000 of lifestyle costs about $90,500 in Palmetto Bay.

A few differences

Palmetto Bay is higher on median household income ($142,447 vs $65,417).
South Miami Heights is lower on cost of living index (107 vs 140).
South Miami Heights is lower on 2-bedroom rent ($1,685/mo vs $2,204/mo).

Palmetto Bay vs South Miami Heights · facet by facet

Facet	Palmetto Bay, FL	South Miami Heights, FL
Median home price	$879,700	$407,100
2-bedroom rent	$2,204/mo	$1,685/mo
Property tax rate	0.8%	0.8%
State & local income tax	0%	0%
Sales tax	7%	7%
Cost of living index	140	107
Groceries index	103	103
Utilities	$180/mo	$180/mo
Median household income	$142,447	$65,417
Unemployment rate	3.3%	3.3%
Crime index	45/100	45/100
School rating	5.8/10	5.8/10
Sunny days / year	240 days	240 days

Data: Census ACS 2024 · BLS · Tax Foundation 2024 brackets · HUD/Zillow · NOAA 1991–2020 · FEMA NRI · Values are shown as reported; no universal winner is implied.

Full profiles: Palmetto Bay, FL · South Miami Heights, FL

Questions & answers

Is Palmetto Bay cheaper than South Miami Heights?: South Miami Heights has the lower day-to-day cost index (107 vs 140 against a national 100). The other differences are shown facet by facet in the table.
What household income in South Miami Heights equals $85,000 in Palmetto Bay?: A household earning $85,000 in Palmetto Bay needs about $79,500 in South Miami Heights to keep the same lifestyle; coming the other way, $85,000 of South Miami Heights lifestyle costs about $90,500 in Palmetto Bay.