South Beach has a population of approximately 3,911 (as of 2013), with a median age of 63. The population is primarily Caucasian (approx. 99%). There are more married couples (80% compared to the Florida average of 55%), with about 20% of the population having children under the age of 18. South Beach is within 8 miles of the following South Florida neighborhoods: North/South Coconut Grove, Downtown Miami, Islands, Upper Eastside, coral WAy, Wynwood, Overton, Model City, West Flagler, Little Haiti, Allapattah, and Little Havana.
Cost of Living
The cost of living in South Beach is 65% greater than the Florida average, and about 66% greater than the national average. Goods & services, groceries, health care and transportation are all slightly higher in South Beach, with housing being significantly higher than the national average. Utilities in South Beach are slightly lower than the national average.
The median home price in South Beach is $557,200, compared to $181,400 nationally, with median rent at $2,800 (vs. $889). The median home value in South Beach is 226% greater than the Florida average and 207% greater than the National average. The median rental rates in South Beach is 184% greater than the Florida average and 215% greater than the National average.
The average income per capita in South Beach is $72,656, with a median household income of $111,065. The unemployment rate is 3.2%. The income per capita in South Beach is 175% greater than the Florida average and 159% greater than the National average. The median household income in South Beach is 135% greater than the Florida average and 109% greater than the National average. The median household income in South Beach for owner occupied housing is 696% greater than the median household income for renter occupied housing in South Beach.
The highest average temperature in South Beach is August at 84 degrees. The coldest average temperature in South Beach is February at 68 degrees. The South Beach weather information is based on the average of the previous 3-7 years of data.