Small Town โ€ข 3,093 people

Bal Harbour, FL

Discover how far your salary goes in Bal Harbour. Compare taxes, rent, and living costs.

Cost Index
127
๐Ÿ“ˆ Above Average
Population

3,093

State Tax

None! ๐ŸŽ‰

1BR Rent

$1,369

/month

vs National

-2%

below avg

How far would your salary go in Bal Harbour?

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Rent Prices in Bal Harbour

๐Ÿ 

Studio

$1,095

/month

$13,140/year

Most Common
๐Ÿ›๏ธ

1 Bedroom

$1,369

/month

$16,428/year

๐Ÿก

2 Bedroom

$1,848

/month

$22,176/year

๐Ÿ˜๏ธ

3 Bedroom

$2,395

/month

$28,740/year

Taxes in Florida

State Income Tax

Florida

0%
๐ŸŽ‰

No State Income Tax!

Florida doesn't tax wagesโ€”keep more of every paycheck.

Federal Income Tax

Same nationwide

10-37%

Federal taxes use progressive brackets. The more you earn, the higher your marginal rate.

Learn how tax brackets work

Frequently Asked Questions

What is the cost of living in Bal Harbour, FL?โ–ผ

Bal Harbour has a cost of living index of 127, which is 27% above the national average. A 1-bedroom apartment costs around $1,369/month.

What is the state income tax in Florida?โ–ผ

Florida has no state income tax! This can save you thousands of dollars per year compared to states with income tax.

How much is rent in Bal Harbour?โ–ผ

The median rent for a 1-bedroom apartment in Bal Harbour is $1,369/month. For a 2-bedroom, expect to pay around $1,848/month. This is 2% below the national average.

Is Bal Harbour a good place to live?โ–ผ

Bal Harbour is a small town with a population of 3,093. The cost of living is above average, making it more expensive than average for the US. A major advantage is zero state income tax.

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