Miami-dade County · Florida · South · 460k residents
Miami, FL: cost of living, taxes & quality of life
Residential facts for Miami: housing, taxes, monthly costs, climate, schools, and household income, with the Florida median as the yardstick. Compare it live against any of 3,000 US cities.
Data coverage: Curated city row; coverage varies by fact.
The median home value in Miami is $580,000, 58% above the Florida median. A two-bedroom rents for about $3,100/mo. Day-to-day costs index at 123 against a national baseline of 100. The median household here earns $60,000 a year.
What the numbers show
Source-confirmed findingsLimited coverage: This profile does not yet have enough source-confirmed local data for a city brief.
This profile does not yet have enough source-confirmed local data for a city brief.
Source: U.S. Census Bureau, 2024 American Community Survey 5-year estimates(2024 ACS 5-year; tables B01003, B15003, B19013, B25077). Geography: Census place where available. This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
WhereToHQ calculates the comparisons. Figures are estimates for context, not a guarantee or personal financial advice. Read the methodology or send a correction.
What makes this place distinctive
A factual snapshot of the place, based on the profile data. It is not a tourism or cultural claim.
A tropical gateway where Caribbean and Latin American cultures shape the food, music, and street life.
Known for: Beaches, Art Deco, Cuban culture, nightlife, design, and international trade.
Calendar note: Art Basel Miami Beach and Calle Ocho Festival are major annual events.
Story source: Greater Miami Convention & Visitors Bureau
- Scale: A large city with a quarter-million or more residents in the profile data.
- Setting: The profile places Miami about 4 miles from the nearest tracked ocean.
- Climate signal: The profile records 248 sunny days and 0 inches of annual snow.
- Daily pace: The profile records a walk score of 77 and an average commute of 30 minutes.
WhereToHQ derives these signals from the committed city dataset. Read the methodology for coverage and source limits.
Compare Miami side by side
Cost of living index
123
Median home value
$580,000
2-bedroom rent
$3,100/mo
Median household income
$60,000
Housing momentum
How fast Miami's housing market is moving, ranked against the US cities we track.
26/100
Cooling
Ranks Miami's home-price and rent growth against the US cities we cover. The label is relative pace, not a direction, so a market can rank low while some figures still rise. A higher score moves faster, it is not cheaper or better. Not investment or relocation advice.
Adjusted by Miami's cost-of-living index versus the US average.
| Median home value | $580,000 |
| Price per sq. ft. | $430 |
| Property tax rate | 0.95% |
| 1-bedroom rent | $2,500/mo |
| 2-bedroom rent | $3,100/mo |
| State & local income tax | 0% |
| Sales tax | 7% |
| Cost of living index | 123 |
| Groceries index | 106 |
| Utilities | $165/mo |
| Transit pass | $112/mo |
| Gas price | $3.30/gal |
| Healthcare index | 103 |
| Childcare (per child) | $1,350/mo |
| Median household income | $60,000 |
| Unemployment rate | 3.2% |
| Population | 460k |
| Crime index | 49/100 |
| School rating | 6.0/10 |
| Walkability | 77/100 |
| Disaster risk | 100/100 |
| Avg. commute | 30 min |
| Sunny days / year | 248 days |
| July high | 88°F |
| January low | 61°F |
| Annual snowfall | 0 in |
| Home price YoY | -1.2% |
| Home price MoM | -0.1% |
| Rent YoY | +0.3% |
| Rent MoM | -0.1% |
| Ocean coast | 4 mi |
| Big lake | 88 mi |
| Mountains | 630 mi |
| Major airport | 6 mi |
| Ski resort | 703 mi |
Popular comparisons
Nearby
- Miami Beach, FL · 82k
- West Little River, FL · 34k
- Coral Gables, FL · 50k
- Coral Terrace, FL · 25k
- North Miami, FL · 60k
Similar size
- Tampa, FL · 402k
- Orlando, FL · 320k
- St. Petersburg, FL · 263k
- Port St. Lucie, FL · 232k
- Hialeah, FL · 226k
Real listings in Miami
Homes on Zillow ↗Realtor.com ↗Rentals on Zillow ↗Apartments.com ↗
Links open third-party listing searches. WhereToHQ has no paid relationship with these sites.
- What is the cost of living in Miami, FL?
- Miami indexes at 123 for day-to-day costs against a national baseline of 100, with a typical two-bedroom renting for $3,100/mo and a median home value of $580,000.
- How much does a house cost in Miami?
- The median home value in Miami is $580,000, 58% above the Florida median (compiled estimate; individual listings vary).
- How much is rent in Miami?
- A two-bedroom in Miami rents for about $3,100/mo.