Cost of Living in Miami, FL, United States

Updated On January 2, 2026
Cost of Living Index:
74.2
* Based on Research & User Data

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Cost of Living in United States

How Much Does It Cost to Live in Miami, FL?

Miami is a major city in the south-eastern United States, a world-renowned tourist destination, and part of the largest metropolitan area in Florida.

The cost of living in Miami depends on what you’re comparing it to.

When you compare the cost of living in Miami to, for example, living in New York, it’s much cheaper.

But if you compare it to living in one of the less popular cities in the United States, it’s going to be far more expensive.

The tax rate is lower so you can buy more for less.

Food is reasonable as much is grown or raised in Florida.

Cost of Living Breakdown in Miami, FL

Restaurants

RESTAURANTS

Miami is home to a diverse array of restaurants, showcasing various different styles of cuisine from the regional United States and across the globe.

The prices are reasonable, with inexpensive restaurants costing around 25$ per meal, and you can always count on the chain of fast food restaurants for a good, cheap meal.

Average Restaurant Prices
Meal (Inexpensive Restaurant) $25.00
Domestic Beer (0.5 Liter) $7.00
Water (0.33 Liter) $2.00
Markets

MARKETS

The main stores in Miami are all the regular grocery stores that exist everywhere in the US.

You’ll find most commodities: canned goods, dry goods, milk, butter, eggs, etc. in every grocery store around town.

The prices at big box stores like Walmart, and Target, and even the prices at malls seem cheaper.

Average Market Prices
Milk (1 Liter) $1.17
Loaf Bread (500g) $3.59
Eggs (12) $4.90
Transportation

TRANSPORTATION

Miami’s public transportation system is the most diverse and well-organized of any other city in Florida.

So, if getting to your destination on time is not your priority, it is possible to travel to all commercial areas and major attractions within Miami without ever getting into a car.

Miami’s bus system called Metrobus, covers the entire county.

Average Transport Prices
One Way Ticket $2.25
Monthly Pass $112.50
Gasoline $0.91
Utilities

UTILITIES (MONTHLY)

Like in most other American cities, utilities aren’t too expensive in Miami, though it does depend on the amount of electricity you use and on the size of your apartment.

For example, for a bit larger apartment, of about 85m2, all basic utilities like heating, cooling, electricity and gas will cost you around 160$.

Average Utilities Prices
Basic (Water, Electricity, Garbage, Heating, Cooling) $159.0
1 min. of Prepaid Mobile Tariff Local $0.15
Internet (Unlimited Data, Cable/ADSL) $63.41
Sports and leisure

SPORTS & LEISURE

There are lots of sports and opportunities for outdoor activities which can help you maintain your fit figure without going to a gym.

However, if that’s your wish, a gym or a fitness club membership will cost you around 57$, while going to the cinema and enjoying some movie time can be considered expensive.

Prepare to pay around 15$ per ticket.

Average Leisure Prices
Fitness Club, Monthly Fee for 1 Adult $57.17
Tennis Court Rent (1 Hour) $22.71
Cinema, 1 Seat, International Release $15.00
Clothing and shoes

CLOTHING & SHOES

Shopping in Miami, as you probably can imagine, is great.

There are malls and shopping centers on every corner and wherever you turn.

The prices are reasonable and in line with the general American standard when it comes to clothing: quality jeans will cost you around 50$, and you won’t find any good running sneakers without cashing out close to 79$.

Average Clothing Prices
1 Pair of Jeans (Levis 501 Or Comparable) $50.54
1 Summer Dress in a Chain Store (Zara, etc...) $42.18
1 Pair of Adidas Walking Shoes (Mid-Range) $79.17
Rent per month

RENT PER MONTH

Property taxes are high. Florida likes to advertise that they are a state without a state tax, and that is true, but they still get their due in the form of property taxes.

When it comes to renting an apartment, Miami can be considered pretty steep.

You will have to pay around 2700$ and upwards for a small apartment.

A spacious apartment or a house will cost you from 5000$ and upwards.

Average Rent Prices
Apartment (1 bedroom) in City Center $2720.55
Apartment (1 bedroom) Outside of Center $1998.38
Apartment (3 bedrooms) in City Center $4975.02

How Does the Average Person Spend Their Money in Miami, FL?

No doubt, rent is the single biggest financial burden for the people of Miami.

No wonder, since renting a small apartment costs nearly 3000$.

Rent takes up almost 40% of one’s entire income.

Food is definitely the second biggest expense for anyone living in Miami – though this is the situation in most countries and cities around the world.

Food is an everyday necessity and when it’s not cheap, it amounts to a high monthly expense.

Other significant expenses for the people of Florida in the city of Miami are restaurant and transportation costs.

Average Costs Breakdown

13.4%
25.2%
6.7%
5.3%
3.9%
1.3%
44.2%

Miami, FL: Average Salary, Minimum Wage & Mortgages

The people of Florida living in this city have relatively reasonable salaries and working conditions in comparison with the cost of living.

The minimum wage is around 1400$ which is a decent minimum wage (it has recently been raised to this amount) and most people can earn for a normal life.

An average monthly salary in Miami is well above 4200$ which is absolutely enough for a comfortable life in this city.

If you’re planning on visiting this city and staying a while, count on bringing in at least 2000$ for a month.

Average Salary$4217.66
Minimum Wage$1430.00
Mortgage Interest Rate6.70%

Miami Safety Overview

READ THE FULL REPORT: Miami Safety Review

Safety Index:
55
OVERALL RISKMEDIUM
TRANSPORT & TAXIS RISKMEDIUM
PICKPOCKETS RISKMEDIUM
NATURAL DISASTERS RISKMEDIUM
MUGGING RISKMEDIUM
TERRORISM RISKMEDIUM
SCAMS RISKMEDIUM
WOMEN TRAVELERS RISKLOW
TAP WATER RISKLOW

Cost of Living by City in United States

City Cost of Living Index
United States FlagAlbany, NY 72.4
United States FlagAlbuquerque, NM 72.4
United States FlagAnchorage, AK 72.4
United States FlagAnn Arbor, MI 72.4
United States FlagArlington, TX 72.4
United States FlagAsheville, NC 72.4
United States FlagAtlanta, GA 72.4
United States FlagAustin, TX 72.4
United States FlagBakersfield, CA 72.4
United States FlagBaltimore, MD 72.4
United States FlagBellevue, WA 72.4
United States FlagBellingham, WA 72.4
United States FlagBerkeley, CA 72.4
United States FlagBirmingham, AL 72.4
United States FlagBoise, ID 72.4
United States FlagBoston, MA 72.4
United States FlagBoulder, CO 72.4
United States FlagBrooklyn, NY 72.4
United States FlagBuffalo, NY 72.4
United States FlagBurlington, VT 72.4
United States FlagCharleston, SC 72.4
United States FlagCharlotte, NC 73.33
United States FlagChattanooga, TN 72.4
United States FlagChicago, IL 72.4
United States FlagCincinnati, OH 72.4
United States FlagCleveland, OH 72.4
United States FlagColumbia, SC 72.4
United States FlagColumbus, OH 72.4
United States FlagDallas, TX 72.4
United States FlagDayton, OH 72.4
United States FlagDenver, CO 72.4
United States FlagDes Moines, IA 72.4
United States FlagDetroit, MI 72.4
United States FlagEl Paso, TX 72.4
United States FlagEugene, OR 72.4
United States FlagEverett, WA 72.4
United States FlagFayetteville, AR 72.4
United States FlagFort Myers, FL 72.4
United States FlagFort Wayne, IN 72.4
United States FlagFort Worth, TX 72.4
United States FlagFresno, CA 74.2
United States FlagGainesville, FL 74.2
United States FlagGrand Rapids, MI 74.2
United States FlagGreensboro, NC 74.2
United States FlagHartford, CT 74.2
United States FlagHonolulu, HI 74.2
United States FlagHouston, TX 74.2
United States FlagHuntsville, AL 74.2
United States FlagIndianapolis, IN 74.2
United States FlagIrvine, CA 74.2
United States FlagJacksonville, FL 74.2
United States FlagJersey City, NJ 74.2
United States FlagKansas City, MO 74.2
United States FlagKnoxville, TN 74.2
United States FlagLas Vegas, NV 74.2
United States FlagLexington, KY 74.2
United States FlagLittle Rock, AR 74.2
United States FlagLong Beach, CA 74.2
United States FlagLos Angeles, CA 74.2
United States FlagLouisville, KY 74.2
United States FlagLubbock, TX 74.2
United States FlagMadison, WI 74.2
United States FlagMemphis, TN 74.2
United States FlagMilwaukee, WI 74.2
United States FlagMinneapolis, MN 74.2
United States FlagNashville, TN 74.2
United States FlagNew Orleans, LA 74.2
United States FlagNew York, NY 74.2
United States FlagOakland, CA 74.2
United States FlagOklahoma City, OK 74.2
United States FlagOlympia, WA 74.2
United States FlagOrlando, FL 74.2
United States FlagPeoria, IL 72.4
United States FlagPhiladelphia, PA 72.4
United States FlagPhoenix, AZ 72.4
United States FlagPittsburgh, PA 72.4
United States FlagPortland, ME 72.4
United States FlagPortland, OR 72.4
United States FlagRaleigh, NC 72.4
United States FlagReno, NV 72.4
United States FlagRichmond, VA 74.2
United States FlagRochester, NY 74.2
United States FlagSacramento, CA 74.2
United States FlagSaint Louis, MO 74.2
United States FlagSaint Paul, MN 74.2
United States FlagSaint Petersburg, FL 74.2
United States FlagSalem, OR 74.2
United States FlagSalt Lake City, UT 74.2
United States FlagSan Antonio, TX 74.2
United States FlagSan Diego, CA 74.2
United States FlagSan Francisco, CA 74.2
United States FlagSan Jose, CA 74.2
United States FlagSanta Barbara, CA 74.2
United States FlagSanta Rosa, CA 74.2
United States FlagSeattle, WA 74.2
United States FlagSpokane, WA 74.2
United States FlagSpringfield, MO 74.2
United States FlagSyracuse, NY 74.2
United States FlagTacoma, WA 74.2
United States FlagTallahassee, FL 74.2
United States FlagTampa, FL 74.2
United States FlagToledo, OH 74.2
United States FlagTucson, AZ 74.2
United States FlagTulsa, OK 74.2
United States FlagVancouver, WA 74.2
United States FlagVirginia Beach, VA 74.2
United States FlagWashington, DC 74.2
United States FlagWest Palm Beach, FL 74.2
United States FlagWichita, KS 74.2

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