Cost of living in Sunset research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Sunset is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Florida, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Sunset is 123, with 100 being the average.
The cost of living index in Sunset is 1.2x higher than the national average.
Sunset ranks as the #418 cheapest in Florida out of 459.
Sunset ranks as the #4,954 cheapest out of 6,412 in the US.
The median home value in Sunset is $431,000.
The median income in Sunset is $101,118.
According to the most recent data on the cost of living, Sunset has an overall cost of living index of 123, which is 1.2x higher than the national index of 100.
Compared to Florida, Sunset has a cost of living index that's 1.2x higher than Florida's index of 101.
The standard of living in Sunset ranks as #418 most affordable out of the 459 places we measured in Florida. By definition, that implies Sunset ranks as the #41 most expensive place in the Sunshine State.
For more reading on life in Sunset, check out:
Six factors go into calculating the cost of living index in Sunset. Here is how it fairs on each of the criteria:
The Services index in Sunset is 104.
The Groceries index in Sunset is 117.
The Health index in Sunset is 106.
The Housing index in Sunset is 162.
The Transportation index in Sunset is 109.
The Utilities index in Sunset is 98.
Living Expense | Sunset | Florida | National Average | |
---|---|---|---|---|
Overall | 123 | 101 | 100 | |
Services | 104 | 98 | 100 | |
Groceries | 117 | 101 | 100 | |
Health | 106 | 96 | 100 | |
Housing | 162 | 108 | 100 | |
Transportation | 109 | 98 | 100 | |
Utilities | 98 | 100 | 100 |
Housing swings affordability the most between places in Florida, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Sunset is $431,000.
The Median Rent in Sunset is $1,657.
The Median Income in Sunset is $101,118.
The Home Value To Income in Sunset is 4.3x.
The Rent To Monthly Income in Sunset is 0.2x.
Statistic | Sunset | Florida | United States |
---|---|---|---|
Median Home Value | $431,000 | $248,700 | $244,900 |
Median Rent | $1,657 | $1,301 | $1,163 |
Median Income | $101,118 | $61,777 | $69,021 |
Home Value To Income | 4.3x | 4.0x | 3.5x |
Rent To Monthly Income | 0.2x | 0.25x | 0.2x |
The cost of living varies in the cities and towns around Sunset. Here's a quick look at the cost of living in the most populous nearby places:
Kendall, FL has a cost of living index of 123, 1.0x Sunset.
Tamiami, FL has a cost of living index of 116, 0.9x Sunset.
Westchester, FL has a cost of living index of 116, 0.9x Sunset.
City | Population | Cost Of Living | Vs. Sunset |
---|---|---|---|
Kendall, FL | 78,007 | 123 | 1.0x |
Tamiami, FL | 54,525 | 116 | 0.9x |
Westchester, FL | 54,238 | 116 | 0.9x |
Kendale Lakes, FL | 53,392 | 108 | 0.9x |
Coral Gables, FL | 49,269 | 164 | 1.3x |
Richmond West, FL | 37,626 | 117 | 1.0x |
Miami Lakes, FL | 30,582 | 125 | 1.0x |
Coral Terrace, FL | 25,869 | 117 | 1.0x |
The Crossings, FL | 22,382 | 116 | 0.9x |
Country Walk, FL | 18,627 | 122 | 1.0x |