What is the cost of living in Miami Shores, FL?
According to the most recent data on the cost of living, Miami Shores has an overall cost of living index of 147, which is 1.5x higher than the national index of 100.
Compared to Florida, Miami Shores has a cost of living index that's 1.4x higher than Florida's index of 104.
The standard of living in Miami Shores ranks as #442 most affordable out of the 462 places we measured in Florida. By definition, that implies Miami Shores ranks as the #20 most expensive place in the Sunshine State.
For more reading on life in Miami Shores, check out:
Miami Shores Cost Of Living Vs. Florida
Six factors go into calculating the cost of living index in Miami Shores. Here is how it fares on each of the criteria:
The Services index in Miami Shores is 103.
The Groceries index in Miami Shores is 105.
The Health index in Miami Shores is 250.
The Housing index in Miami Shores is 101.
The Transportation index in Miami Shores is 113.
The Utilities index in Miami Shores is 102.
| Living Expense | Miami Shores | Florida | National Average |
|---|---|---|---|
| Overall | 147 | 104 | 100 |
| Services | 103 | 101 | 100 |
| Groceries | 105 | 105 | 100 |
| Health | 250 | 99 | 100 |
| Housing | 101 | 104 | 100 |
| Transportation | 113 | 109 | 100 |
| Utilities | 102 | 105 | 100 |
Miami Shores 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 Shores Get matched →Source: Cost-of-living index 2026, normalized to US average = 100
Miami Shores, 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 Shores is $735,780.
The Median Rent in Miami Shores is $2,657.
The Median Income in Miami Shores is $144,050.
The Home Value To Income in Miami Shores is 5.1x.
The Rent To Monthly Income in Miami Shores is 0.22x.
| Statistic | Miami Shores | Florida | United States |
|---|---|---|---|
| Median Home Value | $735,780 | $375,661 | $332,700 |
| Median Rent | $2,657 | $1,669 | $1,413 |
| Median Income | $144,050 | $74,568 | $80,734 |
| Home Value To Income | 5.1x | 5.0x | 4.1x |
| Rent To Monthly Income | 0.22x | 0.27x | 0.21x |
Miami Shores, FL Costs By Category
Detailed Miami Shores Services costs vs. Florida
| Item | Miami Shores | 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 Shores Groceries costs vs. Florida
| Item | Miami Shores | 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 Shores Health costs vs. Florida
| Item | Miami Shores | Florida |
|---|---|---|
| Optometrist | $98.49 | $125.68 |
| Doctor | $127.08 | $135.78 |
| Dentist | $107.83 | $113.29 |
Detailed Miami Shores Transportation costs vs. Florida
| Item | Miami Shores | Florida |
|---|---|---|
| Gasoline | $3.49 | $3.46 |
| Tire Balancing | $64.09 | $59.92 |
Detailed Miami Shores Utilities costs vs. Florida
| Item | Miami Shores | Florida |
|---|---|---|
| All Electricity | $200.94 | $193.99 |
| Phone | $194.37 | $192.25 |
Miami Shores SnackAbility
Cost Of Living In Cities Around Miami Shores
The cost of living varies in the cities and towns around Miami Shores. Here's a quick look at the cost of living in the most populous nearby places:
Pembroke Pines, FL has a cost of living index of 124, 0.8x Miami Shores.
North Miami, FL has a cost of living index of 108, 0.7x Miami Shores.
Kendale Lakes, FL has a cost of living index of 120, 0.8x Miami Shores.
| City | Population | Cost Of Living | Vs. Miami Shores |
|---|---|---|---|
| Pembroke Pines, FL | 173,194 | 124 | 0.8x |
| North Miami, FL | 60,344 | 108 | 0.7x |
| Kendale Lakes, FL | 52,622 | 120 | 0.8x |
| Coral Gables, FL | 49,802 | 191 | 1.3x |
| Tamiami, FL | 49,752 | 126 | 0.9x |
| West Little River, FL | 33,890 | 105 | 0.7x |
| Miami Lakes, FL | 31,553 | 134 | 0.9x |
| Coral Terrace, FL | 24,895 | 128 | 0.9x |
| The Crossings, FL | 22,963 | 126 | 0.9x |
| Pinewood, FL | 18,114 | 109 | 0.7x |
