What is the cost of living in Miami Beach, FL?
According to the most recent data on the cost of living, Miami Beach has an overall cost of living index of 137, which is 1.4x higher than the national index of 100.
Compared to Florida, Miami Beach has a cost of living index that's 1.3x higher than Florida's index of 104.
The standard of living in Miami Beach ranks as #422 most affordable out of the 462 places we measured in Florida. By definition, that implies Miami Beach ranks as the #40 most expensive place in the Sunshine State.
For more reading on life in Miami Beach, check out:
Miami Beach Cost Of Living Vs. Florida
Six factors go into calculating the cost of living index in Miami Beach. Here is how it fares on each of the criteria:
The Services index in Miami Beach is 98.
The Groceries index in Miami Beach is 104.
The Health index in Miami Beach is 212.
The Housing index in Miami Beach is 106.
The Transportation index in Miami Beach is 115.
The Utilities index in Miami Beach is 113.
| Living Expense | Miami Beach | Florida | National Average |
|---|---|---|---|
| Overall | 137 | 104 | 100 |
| Services | 98 | 101 | 100 |
| Groceries | 104 | 105 | 100 |
| Health | 212 | 99 | 100 |
| Housing | 106 | 104 | 100 |
| Transportation | 115 | 109 | 100 |
| Utilities | 113 | 105 | 100 |
Miami Beach Cost Of Living Compared To Florida Averages
Index where 100 = national average. Source: cost-of-living index 2026.
For more reading on cost of living around Florida, check out:
Protect your home budget Compare home warranties in Miami Beach Get matched →Source: Cost-of-living index 2026, normalized to US average = 100
Miami Beach, FL Housing Cost Breakdown
Housing swings affordability the most between places in Florida, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2020-2024. The key points are:
The Median Home Value in Miami Beach is $515,964.
The Median Rent in Miami Beach is $1,826.
The Median Income in Miami Beach is $72,856.
The Home Value To Income in Miami Beach is 7.1x.
The Rent To Monthly Income in Miami Beach is 0.3x.
| Statistic | Miami Beach | Florida | United States |
|---|---|---|---|
| Median Home Value | $515,964 | $375,661 | $332,700 |
| Median Rent | $1,826 | $1,669 | $1,413 |
| Median Income | $72,856 | $74,568 | $80,734 |
| Home Value To Income | 7.1x | 5.0x | 4.1x |
| Rent To Monthly Income | 0.3x | 0.27x | 0.21x |
Miami Beach, FL Costs By Category
Detailed Miami Beach Services costs vs. Florida
| Item | Miami Beach | Florida |
|---|---|---|
| Shampoo | $1.53 | $1.28 |
| Movie | $14.35 | $12.13 |
| Bowling | $23.67 | $18 |
| Haircut | $20.53 | $24.26 |
| Beauty Salon | $88.07 | $45.56 |
Detailed Miami Beach Groceries costs vs. Florida
| Item | Miami Beach | Florida |
|---|---|---|
| Ground Beef | $6.11 | $5.84 |
| Fried Chicken | $1.4 | $1.57 |
| Milk | $4.6 | $4.67 |
| Potatoes | $5.24 | $4.93 |
| Pizza | $14.13 | $12.09 |
| Beer | $11.44 | $10.41 |
| Toothpaste | $3.51 | $3.7 |
Detailed Miami Beach Health costs vs. Florida
| Item | Miami Beach | Florida |
|---|---|---|
| Optometrist | $98.49 | $125.68 |
| Doctor | $127.08 | $135.78 |
| Dentist | $107.83 | $113.29 |
Detailed Miami Beach Transportation costs vs. Florida
| Item | Miami Beach | Florida |
|---|---|---|
| Gasoline | $3.49 | $3.46 |
| Tire Balancing | $64.09 | $59.92 |
Detailed Miami Beach Utilities costs vs. Florida
| Item | Miami Beach | Florida |
|---|---|---|
| All Electricity | $200.94 | $193.99 |
| Phone | $194.37 | $192.25 |
Miami Beach SnackAbility
Cost Of Living In Cities Around Miami Beach
The cost of living varies in the cities and towns around Miami Beach. Here's a quick look at the cost of living in the most populous nearby places:
Miami, FL has a cost of living index of 131, 1.0x Miami Beach.
Pembroke Pines, FL has a cost of living index of 124, 0.9x Miami Beach.
Kendale Lakes, FL has a cost of living index of 120, 0.9x Miami Beach.
| City | Population | Cost Of Living | Vs. Miami Beach |
|---|---|---|---|
| Miami, FL | 459,745 | 131 | 1.0x |
| Pembroke Pines, FL | 173,194 | 124 | 0.9x |
| Kendale Lakes, FL | 52,622 | 120 | 0.9x |
| Coral Gables, FL | 49,802 | 191 | 1.4x |
| Tamiami, FL | 49,752 | 126 | 0.9x |
| Miami Lakes, FL | 31,553 | 134 | 1.0x |
| Coral Terrace, FL | 24,895 | 128 | 0.9x |
| The Crossings, FL | 22,963 | 126 | 0.9x |
| Palmetto Estates, FL | 16,129 | 114 | 0.8x |
| Key Biscayne, FL | 14,791 | 270 | 2.0x |
