Miami, Florida has an overall cost of living index of 112.1, which is 12.1 points above the US average of 100 — making it pricier than most American cities. Renters pay a median of $1,758 per month, while the typical home is valued around $518,100. Households earn a median of $62,462 per year, so rent absorbs a relatively high share of local income. Air quality is good, with an average AQI of 37. Below: housing costs, local wages by occupation, neighborhoods, climate, jobs and major industries, and healthcare access — all drawn from US Census, BEA, BLS, HUD, EPA, and NOAA data.
$62,462
Median Income / yr
Census ACS
$1,758
Median Rent / mo
Census ACS
$518,100
Median Home Value
Census ACS
112.1
Cost of Living Index
Studio FMR
$1,828
HUD · FY2024
1BR Fair Market Rent
$1,995
HUD · FY2024
2BR Fair Market Rent
$2,436
HUD · FY2024
3BR Fair Market Rent
$3,127
HUD · FY2024
Fair Market Rent is the 40th percentile of gross rents in the metro area · HUD FY2024
Each category indexed to the US average of 100. Below 100 = cheaper than average.
Overall
112.1
Goods
101.8
Rents / Housing
156.6
Services
98.0
Source: BEA Regional Price Parities (metro-level)
| Occupation | Median Annual Wage |
|---|---|
| Software Developer | $138,520 |
| Registered Nurse | $92,070 |
| Elementary Teacher | $57,320 |
| Electrician | $57,370 |
| Accountant | $89,490 |
| Plumber | $56,710 |
| Nurse Practitioner | $243,800 |
| Civil Engineer | $101,790 |
| Operations Manager | $135,050 |
| Market Research Analyst | $86,970 |
| Health Services Manager | $135,000 |
| Truck Driver | $55,430 |
| Physician Assistant | N/A |
| Surgeon | N/A |
| Data Scientist | N/A |
| Computer Engineer | $117,880 |
Source: BLS OEWS 2023 (metro-level data)
Population
459,745
Latest estimate
Median Age
39.3 yrs
Census ACS
37.0
Good0 = clean · 50 = moderate boundary · lower is better
Source: EPA AirNow
Total Neighborhoods
24
Tracked in our database
Avg Walk Score
N/A
0–100 scale
Avg Median Rent
$1,731
Per month
Avg Home Value
$573,244
Census ACS
| Neighborhood | Walk Score | Median Rent | Home Value |
|---|---|---|---|
| ZIP 33101 | — | — | — |
| ZIP 33109 | — | — | $2,000,001 |
| ZIP 33125 | — | $1,238 | $339,300 |
| ZIP 33126 | — | $1,546 | $287,100 |
| ZIP 33127 | — | $1,283 | $346,000 |
| ZIP 33128 | — | $1,191 | $292,400 |
| ZIP 33129 | — | $2,153 | $526,800 |
| ZIP 33130 | — | $1,553 | $436,000 |
| ZIP 33131 | — | $2,649 | $599,100 |
| ZIP 33132 | — | $2,373 | $535,900 |
Showing top 10 of 24 tracked neighborhoods.
January Avg
69°F
July Avg
84°F
Sunny Days / Year
—
Annual Snowfall
—
Climate category: Subtropical · Source: NOAA/NCEI 30-year normals.
Healthcare Score
29.5
poor
Hospitals
10
Doctors per 1,000
1.00
Insurance Coverage
83.7%
Miami has a Regional Price Parity (RPP) index of 112.1. The US national average is 100, so Miami is 12.1 points above the national average.
The median gross rent in Miami is $1,758 per month according to US Census ACS data.
The median household income in Miami is $62,462 per year.
The median home value in Miami is $518,100 based on the latest Census ACS survey.
Miami has an average Air Quality Index (AQI) of 37.0, which is rated "Good" by the EPA. Lower AQI values indicate cleaner air.
Tax data for Florida is not yet available.
Data last updated: June 1, 2026 · Sources: US Census ACS, BEA RPP, BLS OEWS, HUD FMR, EPA AirNow, Tax Foundation · Methodology
