Cutler Bay, FL, has a higher cost of living compared to the nationwide average. The overall cost of living index in Cutler Bay stands at 106, which is 6% higher than the national average of 100. Housing costs are particularly elevated, with an index of 120, indicating a 20% increase over the national average. This rise in housing expenses significantly impacts the overall cost of living in Cutler Bay.
Cutler Bay, Florida, shows a cost of living that is higher than the nationwide average in several key areas. Housing costs in Cutler Bay stand at 120, which is 20% higher than the average. This means that renters and homeowners in Cutler Bay can expect to spend more on their living spaces compared to the rest of the country. Groceries, another essential expense, are 5% higher at 105, indicating that food costs are slightly elevated here.
Transportation costs in Cutler Bay are also above the national average, with an index of 110, reflecting a 10% increase. This suggests that commuting and vehicle-related expenses are more significant for residents. Utilities, however, are slightly lower at 95, which is 5% below the average, offering some relief. Overall, while Cutler Bay has higher costs in several areas, it also provides some savings in utilities, making it a balanced consideration for potential residents.
