Miami Beach, FL Cost Of Living

Demographics | Crime | Cost Of Living
Updated: 2022-04-08
132
Miami Beach's Overall Cost Of Living
1.3x
Higher Than The National Average
439 out of 459
In Florida
5,326 out of 6,412
In America
The cost of living index is set to 100 for the average place in America. An index above 100 means Miami Beach is expensive, while a number below 100 means it's a relatively cheap place to live.

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 132 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 98.

The standard of living in Miami Beach ranks as #5,329 most affordable out of the 6,418 places we measured in Florida. By definition, that implies Miami Beach ranks as the #1,090 most expensive place in the Sunshine State.

For more reading on life in Miami Beach, check out:

Miami Beach Cost Of Living Vs. Florida

Living Expense Miami Beach Florida National Average
Overall 132 98 100
Services 100 99 100
Groceries 117 107 100
Health 103 98 100
Housing 189 96 100
Transportation 108 102 100
Utilities 97 106 100
For more reading on cost of living around Florida, check out:
Miami Beach Cost of Living Vs. FL

Miami Beach, FL Housing Cost Breakdown

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.

$441,300
Median Home Value
$1,432
Median Rent
$57,211
Median Income
Statistic Miami Beach Florida United States
Median Home Value $441,300 $232,000 $229,800
Median Rent $1,432 $1,218 $1,096
Median Income $57,211 $57,703 $64,994
Home Value To Income 7.7x 4.0x 3.5x
Rent To Monthly Income 0.3x 0.25x 0.2x

Detailed Miami Beach Services Costs Vs. Florida

Item Miami Beach Florida
Shampoo $1.11 $1.06
Movie $13.23 $10.68
Bowling $22.13 $14.67

Detailed Miami Beach Groceries Costs Vs. Florida

Item Miami Beach Florida
Ground Beef $4.27 $4.22
Fried Chicken $1.73 $1.39
Milk $3.16 $2.05

Detailed Miami Beach Health Costs Vs. Florida

Item Miami Beach Florida
Haircut $14.37 $18.62
Beauty Salon $70.0 $39.05
Toothpaste $1.87 $2.34

Detailed Miami Beach Transportation Costs Vs. Florida

Item Miami Beach Florida
Potatoes $3.86 $3.29
Pizza $9.1 $10.62
Beer $10.98 $9.38
Optometrist $105.63 $108.57
Doctor $111.06 $116.17
Dentist $107.78 $99.13

Detailed Miami Beach Utilities Costs Vs. Florida

Item Miami Beach Florida
Gasoline $2.24 $2.22
Tire Balancing $60.69 $50.07
All Electricity $162.18 $167.67
Phone $188.17 $175.64

Miami Beach SnackAbility

7
/10
Overall SnackAbility
Jobs
8/10
Housing
9
Affordability
3
Diversity
9
Safety
3
Amenities
10
Education
8
Commute
6

Cost Of Living In Cities Around Miami Beach

City Population Cost Of Living Vs. Miami Beach
Miami, FL 461,080 111 0.8x
Pembroke Pines, FL 171,979 113 0.9x
Tamiami, FL 55,757 116 0.9x
Kendale Lakes, FL 55,732 108 0.8x
Coral Gables, FL 49,937 164 1.2x
Miami Lakes, FL 31,021 125 0.9x
Coral Terrace, FL 25,529 117 0.9x
The Crossings, FL 23,102 116 0.9x
Palmetto Estates, FL 16,419 105 0.8x
Sunset, FL 14,869 123 0.9x

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