According to the most recent data on the cost of living, Miami Beach has an overall cost of living index of 129 which is 1.3x higher than the national index of 100.
Compared to only Florida, Miami Beach has a cost of living index that's 1.3x higher than Florida's index of 99.
The standard of living in Miami Beach ranks as #5,220 most affordable out of the 6,522 places we measured in Florida. By definition, that implies Miami Beach ranks as the #1,187 most expensive place in the Sunshine State.
|Living Expense||Miami Beach||Florida||National Average|
Housing swings affordability the most between places in Florida, so we broke down the statistics around housing costs into more detail. It's also important to consider median household incomes to make apples-to-apples comparisons across locations.
Home and income come data comes from the most recent US Census ACS 2014-2018.
|City||Population||Cost Of Living||Vs. Miami Beach|
|Pembroke Pines, FL||170,072||111||0.9x|
|Kendale Lakes, FL||56,182||107||0.8x|
|Coral Gables, FL||50,226||165||1.3x|
|Miami Lakes, FL||30,864||123||1.0x|
|Coral Terrace, FL||25,387||115||0.9x|
|The Crossings, FL||22,441||115||0.9x|
|Palmetto Estates, FL||15,640||105||0.8x|