Miami Beach, FL Cost Of Living

Demographics | Crime | Cost Of Living
Updated: 2021-02-06
129
Miami Beach's Overall Cost Of Living
1.3x
Higher Than The National Average
434 out of 458
In Florida
5,216 out of 6,399
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 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.

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 129 99 100
Services 99 99 100
Groceries 111 105 100
Health 107 100 100
Housing 189 96 100
Transportation 112 98 100
Utilities 98 102 100
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.

$459,000
Median Home Value
$1,396
Median Rent
$53,971
Median Income
Statistic Miami Beach Florida United States
Median Home Value $459,000 $215,300 $217,500
Median Rent $1,396 $1,175 $1,062
Median Income $53,971 $55,660 $62,843
Home Value To Income 8.5x 3.9x 3.5x
Rent To Monthly Income 0.31x 0.25x 0.2x

Detailed Miami Beach Services Costs Vs. Florida

Item Miami Beach Florida
Shampoo $1.25 $1.01
Movie $13.77 $10.72
Bowling $22.83 $13.86

Detailed Miami Beach Groceries Costs Vs. Florida

Item Miami Beach Florida
Ground Beef $4.83 $3.9
Fried Chicken $1.61 $1.4
Milk $2.75 $1.96

Detailed Miami Beach Health Costs Vs. Florida

Item Miami Beach Florida
Haircut $13.88 $17.49
Beauty Salon $58.6 $38.17
Toothpaste $2.12 $2.32

Detailed Miami Beach Transportation Costs Vs. Florida

Item Miami Beach Florida
Potatoes $3.87 $3.18
Pizza $8.99 $10.39
Beer $10.23 $9.23
Optometrist $115.8 $106.34
Doctor $106.25 $115.25
Dentist $116.2 $98.38

Detailed Miami Beach Utilities Costs Vs. Florida

Item Miami Beach Florida
Gasoline $2.57 $2.59
Tire Balancing $67.2 $48.9
All Electricity $158.03 $167.6
Phone $185.34 $163.42

Miami Beach SnackAbility

7
/10
Overall SnackAbility
Jobs
8/10
Housing
9
Affordability
3
Diversity
9
Safety
2
Amenities
10
Education
8
Commute
6

Cost Of Living In Cities Around Miami Beach

City Population Cost Of Living Vs. Miami Beach
Miami, FL 454,279 109 0.8x
Pembroke Pines, FL 170,072 111 0.9x
Tamiami, FL 56,225 112 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
Sunset, FL 15,871 121 0.9x
Palmetto Estates, FL 15,640 105 0.8x

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