2026 city cost profile
Cost of Living in Miami, Florida
Miami, Florida has an overall cost of living index of 132.2, which is 32% above the national average.
Index
132.2
32% above the national average
Key stats
Index
132.2
National average = 100
Rent
$3,325
Estimated average monthly rent
Home price
$607,000
Estimated median home price
Income
$84,000
Estimated median household income
Category breakdown
Category indexes use 100 as the U.S. national average baseline.
| Category | City index | National average | Difference |
|---|---|---|---|
| Housing | 172 | 100 | +72.0% |
| Groceries | 116 | 100 | +16.0% |
| Transportation | 106 | 100 | +6.0% |
| Healthcare | 108 | 100 | +8.0% |
| Utilities | 111 | 100 | +11.0% |
| Miscellaneous | 115 | 100 | +15.0% |
Salary needed
Single adult
$110,000
Estimated comfortable annual salary
Family of four
$242,000
Estimated comfortable annual salary
Monthly budget examples
Single
$6,210
Couple
$10,310
Family
$14,530
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Frequently Asked Questions
Last updated: Q1 2026
Data as of Q1 2026. Sources: U.S. Bureau of Labor Statistics, U.S. Census Bureau, HUD Fair Market Rents.
Cost of living indexes use the national average as baseline (100). Data is updated periodically.