Miami cost of living
Cost of living in the city of Miami
Miami-Fort Lauderdale-West Palm Beach, FL had 6,457,988 people in the Census Vintage 2024 estimates. The HUD area used for rent is Miami-Miami Beach-Kendall, FL HUD Metro FMR Area. The 2024 all-items regional price parity is 114.2, where the U.S. average is 100.
2-bedroom Fair Market Rent
$2,564
FY 2027, principal HUD area
Median gross rent
$2,083
ACS 2024 1-year
Goods prices
103.6
BEA goods RPP, 2024
Utilities prices
97.2
BEA utilities RPP, 2024
Mean commute
30.2 minutes
ACS S0801, workers who did not work from home
Median household income
$80,625
ACS 2024, 2024 dollars
Median real estate taxes divided by median home value in this metro are 0.83%. Childcare prices are not in the verified dataset.
Benefits in Florida
Benefit rules in this tool follow the state, not the city. SNAP in Florida · Medicaid · Florida overview
Related comparisons
From Miami
The eight largest 2-bedroom Fair Market Rent gaps from Miami.
- Miami and McAllen · rent gap $1,547
- Miami and Wichita · rent gap $1,521
- Miami and Little Rock · rent gap $1,443
- Miami and Toledo · rent gap $1,419
- Miami and El Paso · rent gap $1,418
- Miami and Baton Rouge · rent gap $1,415
- Miami and Columbia · rent gap $1,338
- Miami and Tulsa · rent gap $1,335
Nearby metros
Next in the population ranking: Houston, Washington, Atlanta