Miami, FL Cost of Living


189 Reviews



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Miami cost of living score
118.9
More expensive
18.9% higher
than the US average
15.3% higher
than the Florida average
Miami, Florida gets a BestPlaces Cost of Living score of 118.9, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 18.9% higher than the U.S. average and 15.3% lower than the average for Florida.

Miami, FL

Housing costs in Miami?
A typical home costs $524,600, which is 55.2% more expensive than the national average of $338,100 and 44.8% more expensive than the average Florida home, at $362,400. Renting a two-bedroom unit in Miami costs $1,950 per month, which is 36.4% more than the national average of $1,430 and 20.0% more than the state average of $1,560.

Can I afford Miami?
To live comfortably in Miami, Florida, a minimum annual income of $100,440 for a family, and $62,800 for a single person is recommended.

What does A.I. say about Miami?
Miami, Florida offers plenty of attractions along with an impressive cost-of-living that makes it worth considering. Homeowners can benefit from a wide range of housing choices ranging from single family homes to luxury high rises - while renters also have access to some attractive deals these days. Moreover, groceries and transportation expenses are much lower than other major US cities - giving you more bang out of your buck if you choose Miami as your home.
   Cost of living score
     CategoriesMiamiFloridaUnited States
  118.9103.1100.0
  107.3102.8100
  104.0102.3100.0
  136.5101.1100.0
  $524,600$362,400$338,100
  95.5%101.3%100.0%
  144.5112.6100.0
  100.287.6100.0

   100=National Average

   Average Rent by Bedroom Size
Reviews for Miami
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This Year

Great vacation spot with the best clubs and food. Wynwood and the Miami Design District are the best, just be careful at night. Area tends to jack prices up around  More

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Miami is rapidly devolving into a filthy, crime ridden, unattractive extension of Central America and South America. The population is a bunch of rude entitled dependent  More

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Beautiful place, well into the late 20th Century ... clean, safe, fun, peaceful. Started seeing elements of crap, just a tiny bit, back around 1980. Now what changed  More

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