North Miami Beach, FL Cost Of Living
Cost Of Living In North Miami Beach, FL Summary
Cost of living in North Miami Beach research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means North Miami Beach is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Florida, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in North Miami Beach is 110, with 100 being the average.
The cost of living index in North Miami Beach is 1.1x higher than the national average.
North Miami Beach ranks as the #266 cheapest in Florida out of 459.
North Miami Beach ranks as the #3,657 cheapest out of 6,489 in the US.
The median home value in North Miami Beach is $447,352.
The median income in North Miami Beach is $57,633.
Table Of Contents
North Miami Beach's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in North Miami Beach, FL?
According to the most recent data on the cost of living, North Miami Beach has an overall cost of living index of 110, which is 1.1x higher than the national index of 100.
Compared to Florida, North Miami Beach has a cost of living index that's 1.1x higher than Florida's index of 97.
The standard of living in North Miami Beach ranks as #266 most affordable out of the 459 places we measured in Florida. By definition, that implies North Miami Beach ranks as the #193 most expensive place in the Sunshine State.
For more reading on life in North Miami Beach, check out:
In Florida
In America
North Miami Beach Cost Of Living Vs. Florida
Six factors go into calculating the cost of living index in North Miami Beach. Here is how it fairs on each of the criteria:
The Services index in North Miami Beach is 105.
The Groceries index in North Miami Beach is 105.
The Health index in North Miami Beach is 95.
The Housing index in North Miami Beach is 118.
The Transportation index in North Miami Beach is 102.
The Utilities index in North Miami Beach is 104.
| Living Expense | North Miami Beach | Florida | National Average | |
|---|---|---|---|---|
| Overall | 110 | 97 | 100 | |
| Services | 105 | 96 | 100 | |
| Groceries | 105 | 99 | 100 | |
| Health | 95 | 98 | 100 | |
| Housing | 118 | 96 | 100 | |
| Transportation | 102 | 97 | 100 | |
| Utilities | 104 | 95 | 100 | |
North 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 2019-2023. The key points are:
The Median Home Value in North Miami Beach is $447,352.
The Median Rent in North Miami Beach is $1,626.
The Median Income in North Miami Beach is $57,633.
The Home Value To Income in North Miami Beach is 7.8x.
The Rent To Monthly Income in North Miami Beach is 0.34x.
| Statistic | North Miami Beach | Florida | United States |
|---|---|---|---|
| Median Home Value | $447,352 | $377,066 | $303,400 |
| Median Rent | $1,626 | $1,564 | $1,348 |
| Median Income | $57,633 | $71,711 | $78,538 |
| Home Value To Income | 7.8x | 5.3x | 3.9x |
| Rent To Monthly Income | 0.34x | 0.26x | 0.21x |
Median Home Value
Median Rent
Median Income
North Miami Beach, FL Costs By Category
Detailed North Miami Beach Services Costs Vs. Florida
| Item | North 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 North Miami Beach Groceries Costs Vs. Florida
| Item | North 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 North Miami Beach Health Costs Vs. Florida
| Item | North Miami Beach | Florida |
|---|---|---|
| Optometrist | $98.49 | $125.68 |
| Doctor | $127.08 | $135.78 |
| Dentist | $107.83 | $113.29 |
Detailed North Miami Beach Transportation Costs Vs. Florida
| Item | North Miami Beach | Florida |
|---|---|---|
| Gasoline | $3.49 | $3.46 |
| Tire Balancing | $64.09 | $59.92 |
Detailed North Miami Beach Utilities Costs Vs. Florida
| Item | North Miami Beach | Florida |
|---|---|---|
| All Electricity | $200.94 | $193.99 |
| Phone | $194.37 | $192.25 |
North Miami Beach SnackAbility
/10
Cost Of Living In Cities Around North Miami Beach
The cost of living varies in the cities and towns around North Miami Beach. 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 122, 1.1x North Miami Beach.
Davie, FL has a cost of living index of 122, 1.1x North Miami Beach.
Weston, FL has a cost of living index of 152, 1.4x North Miami Beach.
| City | Population | Cost Of Living | Vs. North Miami Beach |
|---|---|---|---|
| Pembroke Pines, FL | 170,557 | 122 | 1.1x |
| Davie, FL | 106,412 | 122 | 1.1x |
| Weston, FL | 67,952 | 152 | 1.4x |
| North Miami, FL | 59,429 | 112 | 1.0x |
| Tamiami, FL | 51,201 | 124 | 1.1x |
| Coral Gables, FL | 49,243 | 188 | 1.7x |
| Aventura, FL | 39,372 | 131 | 1.2x |
| Golden Glades, FL | 35,042 | 115 | 1.0x |
| Miami Lakes, FL | 30,731 | 136 | 1.2x |
| Ives Estates, FL | 26,154 | 106 | 1.0x |
