These Are the 45 Most Expensive ZIP Codes in Florida
While it’s not a great idea to compare yourself to others financially, it’s pretty human to wonder how others live in areas known for their wealth.
Florida is a state that attracts a lot of people, from tourists coming to indulge in its world-renowned beaches and amusement parks to retirees who want to retire in warmer climes.
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Because of its popularity, many ZIP codes in Florida are becoming harder for the average person to afford. To find out the most expensive Florida ZIP codes, GOBankingRates found the ZIP codes with the most expensive home values in the state as sourced from Zillow Home Value Index for Florida ZIP codes.
GOBankingRates utilized other data from the Federal Reserve, Sperling’s BestPlaces and AreaVibes to find out just how much it costs to live in these most expensive Florida ZIP codes.
Key Findings
Here are a few notable facts about this list. Some may surprise you.
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Miami and Miami Beach Are Pricey!
Miami and Miami Beach had numerous showings on this list, which is probably no surprise, given how popular these areas are for their incredible beaches, amenities and high tourism.
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Even the ‘Cheapest’ City Isn’t Cheap
Even in Tampa, where the two “cheapest” ZIP codes are on this list, a single individual, on average, does not make enough money to pay for the average annual cost of living.
Most Expensive Doesn’t Mean Best Livability
Higher costs don’t equate to a better living experience, necessarily. The most expensive ZIP code on this list, Palm Beach’s 33480 neighborhood, has a livability score of only 69. Yet the most “affordable” ZIP code on this list, Tampa’s 33629 neighborhood, has a high score of 80.
33629 (Tampa)
Total population: 388,768
Total annual cost of living: $98,216
This 33629 Tampa ZIP code is the most affordable on this list, with an annual cost of living that’s under $100,000. However, with the median household income being under $67,000, it would still take two or more incomes to live here comfortably.
33606 (Tampa)
Total population: 388,768
Total annual cost of living: $98,785
The second Tampa ZIP code on this list, 33606, is about $550 more expensive in annual cost of living than its neighboring 33629 ZIP code.
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33308 (Fort Lauderdale)
Total population: 182,673
Total annual cost of living: $100,158
The 33308 ZIP code is the most affordable of the expensive neighborhoods in Fort Lauderdale. With a livability score of 81, it’s more affordable to live here than in other neighboring ZIP codes.
33332 (Weston)
Total population: 68,029
Total annual cost of living: $100,649
Residents of the 33332 ZIP code of Weston pay over $8,300 per month in total costs. However, at least the median household income is on the higher side at $132,832.
33134 (Coral Gables)
Total population: 49,696
Total annual cost of living: $101,366
In the 33134 ZIP code of Coral Gables, the livability score is tied for the highest on the list at 84. The average home value is $1,046,782, and the average monthly mortgage is $6,186.
33330 (Southwest Ranches)
Total population: 7,589
Total annual cost of living: $101,387
Not only does the 33330 ZIP code have one of the higher monthly expenditures costs (monthly cost of living except housing-related expenses) on this list at $2,281, but it also has one of the lower livability scores at 65.
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33306 (Fort Lauderdale)
Total population: 182,673
Total annual cost of living: $101,559
The 33306 ZIP code of Fort Lauderdale is over $45,000 cheaper than an even pricier ZIP code in the same town in this list.
33037 (Key Largo)
Total population: 12,021
Total annual cost of living: $103,758
In the 33037 ZIP code of Key Largo, the average home value is $1,070,126 and the average monthly expenditures cost is $2,323, one of the highest on this list.
33957 (Sanibel)
Total population: 6,420
Total annual cost of living: $104,683
Despite a lower livability score of 67, the 33957 ZIP code of Sanibel is still relatively pricey. The average home value here is $1,114,966, and the average monthly mortgage payment is over $6,589.
33040 (Key West)
Total population: 26,078
Total annual cost of living: $104,768
Residents of the 33040 ZIP code in Key West will pay more than $104,000 per year, or over $8,700 per month, in costs. However, with a high livability score of 82 and a decent median household income of almost $81,000, a two-income family could do well here.
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33138 (Miami)
Total population: 443,665
Total annual cost of living: $104,854
The cheapest of the Miami ZIP codes on this list, the 33138 ZIP code is more than $38,000 cheaper than the priciest Miami ZIP code on the list.
33051 (Key Colony Beach)
Total population: 650
Total annual cost of living: $105,576
The second-smallest ZIP code on this list, this neighborhood in Key Colony Beach is not nearly as pricey as many of the other cities. However, it also has a lower livability score than many at only 66.
33129 (Miami)
Total population: 443,665
Total annual cost of living: $107,600
In this, the second most affordable of the Miami ZIP codes, the average monthly cost of living is under $9,000 per month, though the median household income is only $54,858.
33496 (Boca Raton)
Total population: 97,980
Total annual cost of living: $108,810
Your money will go a lot further here in the 33496 ZIP code of Boca Raton, with a 79 livability score, than the pricier Boca Raton ZIP code on this list.
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33137 (Miami)
Total population: 443,665
Total annual cost of living: $113,069
The 33137 ZIP code of Miami is significantly more affordable than some of the others on this list. It’s $30,000 cheaper than the 33122 ZIP code of Miami, for example.
33786 (Belleair Beach)
Total population: 1,512
Total annual cost of living: $114,597
The 33786 ZIP code of Belleair Beach is one of the smallest on this list, though its annual costs are still sizable. At least the annual median household income of $128,750 is enough to pay for the annual cost of living.
33767 (Clearwater)
Total population: 116,984
Total annual cost of living: $114,642
The midsize ZIP code of 33767 has a great livability score of 81 and an average home value of $1,267,164.
32963 (Indian River Shores)
Total population: 4,266
Total annual cost of living: $118,830
The 32963 ZIP code of Indian River Shores has a livability score of only 68 but a sizable median household income of over $153,000.
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34108 (Naples)
Total population: 19,315
Total annual cost of living: $120,315
The 34108 ZIP code of Naples has an annual cost of living that is around $11,000 cheaper per year than its 34103 Naples sister ZIP code.
33160 (North Miami Beach)
Total population: 43,269
Total annual cost of living: $120,408
It’s unsurprising that so many Miami Beach ZIP codes are on this list, with its coveted attractions and beachfront activities. The 33160 ZIP code has a livability score of 81, which might almost make up for the fact the median household income here is under $60,000.
33133 (Miami)
Total population: 443,665
Total annual cost of living: $122,814
The 33133 ZIP code of Miami is one of the largest on the list, with a population well over 440,000. While the annual living costs are approximately in the middle of this list, its high livability score of 79 is likely what draws such a crowd.
34236 (Sarasota)
Total population: 55,508
Total annual cost of living: $124,251
The average home value in the 34236 ZIP code of Sarasota is $1,417,896, and the average monthly mortgage payment here is just over $8,000 per month.
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34217 (Holmes Beach)
Total population: 3,076
Total annual cost of living: $126,545
The population is a lot smaller in the 34217 ZIP code of Holmes Beach than it is in many places on this list, as is its livability score of 68, though it’s still hardly what you’d call an affordable place to live.
33141 (Miami Beach)
Total population: 82,400
Total annual cost of living: $127,095
The 33141 ZIP code of Miami Beach is almost $111,000 cheaper than Miami Beach’s most expensive ZIP code of 33140. This ZIP code has a low median household income as well, at just over $65,000.
33316 (Fort Lauderdale)
Total population: 182,673
Total annual cost of living: $131,234
The 33316 ZIP code of Fort Lauderdale has a high livability score of 81, which at least makes it a lovely place to spend nearly $11,000 per month in living expenses.
34103 (Naples)
Total population: 19,315
Total annual cost of living: $131,685
In the 34103 ZIP code of Naples, the average median income of $135,657 is actually more than the annual cost of living, meaning a family with two or more incomes would do quite well here.
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33143 (South Miami)
Total population: 11,944
Total annual cost of living: $132,618
The annual cost of living in the 33143 ZIP code of South Miami is over $100,000 cheaper than the 33139 Miami Beach ZIP code, with an even higher livability score at 80.
34145 (Marco Island)
Total population: 15,942
Total annual cost of living: $133,172
Residents of the 34145 ZIP code of Marco Island may have a hefty home value of $1,540,485, but their average monthly expenditures cost is one of the few below $2,000 on this list.
34242 (Siesta Key)
Total population: 5,535
Total annual cost of living: $133,870
The 34242 Siesta Key ZIP code comes closer to affordability than some of its pricier neighbors, with a median household income of $113,500. However, the total monthly cost of living is still over $11,000.
34228 (Longboat Key)
Total population: 7,479
Total annual cost of living: $135,321
The 34228 ZIP code of Longboat Key might not be top of your list, with one of the lowest livability scores on the list of 63 and a monthly cost of living that’s over $11,000.
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33154 (Bal Harbour)
Total population: 3,035
Total annual cost of living: $139,329
The 33154 neighborhood of Bal Harbour has a high livability score of 76, if you can afford it on the median household income of $86,172.
32461 (Panama City Beach)
Total population: 18,281
Total annual cost of living: $142,778
The 32461 ZIP code of Panama City Beach is another where the median household income of $76,091 means a single person will be unable to afford the annual costs, which are almost double that.
33122 (Miami)
Total population: 443,665
Total annual cost of living: $143,125
Miami’s 33122 ZIP code is a bustling metropolis of nearly 500,000. Remarkably, its livability score remains high at 79, even with a monthly cost of living at nearly $12,000.
33432 (Boca Raton)
Total population: 97,980
Total annual cost of living: $143,569
The 33432 ZIP code in the touristy Boca Raton doesn’t come cheap. A median household income over $95,000 won’t be enough to afford the more than $143,000 in annual costs. However, it does come with a high livability score of 79.
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33924 (Captiva)
Total population: 151
Total annual cost of living: $144,369
The tiny 33924 ZIP code of Captiva does not have a tiny cost of living, alas. Residents here are paying over $12,000 per month to get by.
33301 (Fort Lauderdale)
Total population: 182,673
Total annual cost of living: $147,463
The 33301 neighborhood of Fort Lauderdale is physically large at 182,673 but has an equally large annual cost of living at $147,463.
33483 (Delray Beach)
Total population: 66,646
Total annual cost of living: $157,200
The total monthly cost of living in this 33483 ZIP code of Delray Beach is still a pricey $13,100 when you consider that the median household income is only $76,558.
33146 (Coral Gables)
Total population: 49,696
Total annual cost of living: $164,153
Though the average home value in the 33146 ZIP code is nearly $2 million, the average annual mortgage cost is only a bit over $11,400.
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33156 (Pinecrest)
Total population: 18,279
Total annual cost of living: $169,972
In the 33156 ZIP code of Pinecrest, the median household income is over $178,000, which seems great, but it barely covers the annual cost of living.
34216 (Anna Maria)
Total population: 825
Total annual cost of living: $188,217
The 34216 neighborhood of Anna Maria may be petite, but the cost of living is not. It costs over $188,000 per year just to get by. The median household income of $93,478 is not enough to cut it unless you’re a two-income or more family.
33139 (Miami Beach)
Total population: 82,400
Total annual cost of living: $232,741
In the 33139 ZIP code, the annual cost of living is only a wee bit cheaper than the next Miami Beach ZIP code by a bit more than $5,000. Home values are also around $75,000 lower.
33140 (Miami Beach)
Total population: 82,400
Total annual cost of living: $238,036
In the 33140 ZIP code of Miami Beach, you need to be earning a lot more than the median income of around $65,000. There, the average home value is nearly $3 million, and your monthly costs are nearly $20,000.
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33149 (Key Biscayne)
Total population: 14,572
Total annual cost of living: $301,155
The 33149 ZIP code is another one the average person could not hope to afford to live in, where your annual mortgage costs alone are almost $23,000.
34102 (Naples)
Total population: 19,315
Total annual cost of living: $389,087
This 34102 Naples ZIP code is a relatively small town in terms of population, but it still has an outsize cost of living. While the median income here is decent at nearly $136,000 per year, the monthly cost of living is over $32,000.
33480 (Palm Beach)
Total population: 9,205
Total annual cost of living: $819,136
Residents of this Palm Beach ZIP code are spending more than anyone else on this list, an exorbitant $66,024 on monthly mortgage costs, with an average home value of $11,172,922.
Photos are for illustration purposes. Not every slide may accurately depict the city or ZIP code listed.
Methodology: For this study, GOBankingRates analyzed cities in Florida to find the most expensive ZIP codes in the state. First GOBankingRates found the ZIP codes with the most expensive home values as sourced from Zillow Home Value Index for Florida ZIP codes. The average mortgage cost was calculated by assuming a 10% down payment and using the 30 year national fixed mortgage rate, as sourced from the Federal Reserve Economic Data. The cost of living indexes were found for each ZIP code as sourced from Sperlings BestPlaces and using the average expenditure costs for all residents, the average expenditure costs can be calculated for each city. The average expenditure cost and the average mortgage cost can be summed to find a total cost of living. The monthly total cost of living can be calculated into an annual cost of living by multiplying the monthly cost by 12. The total population and median household income were sourced from the US Census American Community Survey and included as supplemental information. The livability index was sourced from AreaVibes and included as supplemental information. The cities were sorted by the most expensive to least expensive total cost of living. All data was collected on and is up to date as of May 2, 2024.
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This article originally appeared on GOBankingRates.com: These Are the 45 Most Expensive ZIP Codes in Florida
