Cutler Bay, FL Profile: Facts & Data

The Town of Cutler Bay had a population of 43,998 as of July 1, 2024. Cutler Bay ranks in the upper quartile for Population Density and Diversity Index when compared to the other cities, towns and Census Designated Places (CDPs) in Florida. See peer rankings below.

The primary coordinate point for Cutler Bay is located at latitude 25.5783 and longitude -80.3377 in Miami-Dade County. The formal boundaries for the Town of Cutler Bay encompass a land area of 9.83 sq. miles and a water area of 0.4 sq. miles. Miami-Dade County is in the Eastern time zone (GMT -5).

The Town of Cutler Bay has a C1 Census Class Code which indicates an active incorporated place that does not serve as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.

Florida is one of 20 states where Census County Divisions (CCDs) are used for statistical tracking of subdivisions within each county. The Town of Cutler Bay is located within Princeton-Goulds CCD of Miami-Dade County.

Cutler Bay, FL Data & Demographics (As of July 1, 2024)

POPULATION
Total Population	43,998 (100%)
Population in Households	43,617 (99.1%)
Population in Families	36,530 (83.0%)
Population in Group Quarters¹	381 ( 0.9%)
Population Density	4,450
Diversity Index²	82


INCOME
Median Household Income	$90,970
Average Household Income	$114,795
% of Income for Mortgage⁴	32%
Per Capita Income	$39,680
Wealth Index⁵	99
Socioeconomic Status Index⁶	Moderate (50.5)

HOUSING
Total HU (Housing Units)	15,737 (100%)
Owner Occupied HU	10,825 (68.8%)
Renter Occupied HU	4,374 (27.8%)
Vacant Housing Units	538 ( 3.4%)
Median Home Value	$457,916
Average Home Value	$534,349
Housing Affordability Index³	78

HOUSEHOLDS
Total Households	15,199
Average Household Size	2.87
Family Households	11,325
Average Family Size	3.00

NOTES

Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.
The Socioeconomic Index ranges from zero (lowest relative status) to 100 (highest relative status). This measure quantifies disparities in social position of an area's inhabitants and is built from a broad range of demographic, housing, and socioeconomic inputs. More information on this measure can be found in Esri's SEI tutorial.

Cutler Bay, FL - Peer Comparisons by Rank and Percentile

The table below compares Cutler Bay to the other 955 incorporated cities, towns and CDPs in Florida by rank and percentile using July 1, 2024 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

GROWTH RATE / YEAR	2020-2024	2024-2029
Population	-0.75%	-0.23%
Households	-0.25%	0.28%
Families		0.35%
Median Household Income		3.32%
Per Capita Income		4.07%
Owner Occupied HU		0.50%

Variable Description	Rank	Percentile
Total Population	# 99	90th
Population Density	# 152	84th
Median Household Income	# 232	76th
Housing Affordability Index	# 459	48th
Per Capita Income	# 440	54th
Diversity Index	# 131	86th

Cutler Bay, FL Profile: Facts & Data

Cutler Bay, Florida - Basic Facts

Cutler Bay, FL Data & Demographics (As of July 1, 2024)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Cutler Bay, FL - Peer Comparisons by Rank and Percentile

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