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All About

Living In South Beach, FL

A small town located in Florida, South Beach has a population of approximately 4,000. It's a comfortable place to settle down, as retirees account for a greater percentage of the population (49%) here than they do nationally (14%), while young adults account for a smaller percentage of the town. Overall, the town's residents, with an average age of just under 58, skew decidedly older than most cities in Florida. Renters tend to be in the minority in the town, and 93% of residents own their homes. With an average rent of $1,377 per month, exceeding the state average by $224 a month, relatively high rent costs could play a role in the higher levels of ownership.

Many South Beach residents work in one of two industries: healthcare and real estate. Combined, these industries account for 14% of the town's labor force. Meanwhile, looking at job function, many of the town's workers are in sales, making it the top profession in the town. With an average annual income of just over $123,000, South Beach workers bring in more than their peers elsewhere in the state. South Beach's average income also compares favorably to the national average of $73,345. Compared to the national average (7%), South Beach has a large percentage of residents older than 25 who have advanced degrees, as 15% have earned a Master's degree or a Doctorate. Additionally, 34% have earned a Bachelor's degree, which also outpaces the national average.

With an average commute time of about 24 minutes, quicker than most cities in Florida, South Beach residents are well aware that it isn't overly time-consuming to get to work. Many residents (27%) drive themselves to work, while public transportation is not used. Few residents commute to work on foot.



Frequently Asked Questions About South Beach

How much does it cost to rent in South Beach, FL?

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Is it expensive to rent in South Beach?

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Are there any cheap apartments for rent in South Beach?

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