Miami Shores, Florida gets a BestPlaces Cost of Living index of 118.9, which means the total cost of housing, food, child care, transportation, health care, taxes, and other necessities is 18.9 percent higher than the U.S. average and 15.3 percent lower than the average for Florida.
A typical home costs $938,700, which is 177.6 percent more expensive than the national average of $338,100 and 159.0 percent more expensive than the average Florida home, at $362,400. Renting a two-bedroom unit in Miami Shores costs $1,610 per month, which is 12.6 percent more than the national average of $1,430 and 3.1 percent more than the state average of $1,560.
To live comfortably in Miami Shores, Florida, a minimum annual income of $180,000 for a family, and $51,600 for a single person is recommended.
Our cost of living indices are based on a US average of 100. An amount below 100 means Miami Shores is cheaper than the US average. A cost of living index above 100 means Miami Shores, Florida is more expensive.
Miami Shores cost of living is 118.9