North Miami, FL Cost Of Living
Cost Of Living In North Miami, FL Summary
Cost of living in North Miami 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 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 is 112, with 100 being the average.
The cost of living index in North Miami is 1.1x higher than the national average.
North Miami ranks as the #300 cheapest in Florida out of 459.
North Miami ranks as the #3,863 cheapest out of 6,489 in the US.
The median home value in North Miami is $420,800.
The median income in North Miami is $51,909.
Table Of Contents
North Miami's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in North Miami, FL?
According to the most recent data on the cost of living, North Miami has an overall cost of living index of 112, which is 1.1x higher than the national index of 100.
Compared to Florida, North Miami has a cost of living index that's 1.2x higher than Florida's index of 97.
The standard of living in North Miami ranks as #300 most affordable out of the 459 places we measured in Florida. By definition, that implies North Miami ranks as the #159 most expensive place in the Sunshine State.
For more reading on life in North Miami, check out:
In Florida
In America
North Miami Cost Of Living Vs. Florida
Six factors go into calculating the cost of living index in North Miami. Here is how it fairs on each of the criteria:
The Services index in North Miami is 106.
The Groceries index in North Miami is 105.
The Health index in North Miami is 97.
The Housing index in North Miami is 128.
The Transportation index in North Miami is 104.
The Utilities index in North Miami is 102.
| Living Expense | North Miami | Florida | National Average | |
|---|---|---|---|---|
| Overall | 112 | 97 | 100 | |
| Services | 106 | 96 | 100 | |
| Groceries | 105 | 99 | 100 | |
| Health | 97 | 98 | 100 | |
| Housing | 128 | 96 | 100 | |
| Transportation | 104 | 97 | 100 | |
| Utilities | 102 | 95 | 100 | |
North Miami, 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 is $420,800.
The Median Rent in North Miami is $1,543.
The Median Income in North Miami is $51,909.
The Home Value To Income in North Miami is 8.1x.
The Rent To Monthly Income in North Miami is 0.36x.
| Statistic | North Miami | Florida | United States |
|---|---|---|---|
| Median Home Value | $420,800 | $377,066 | $303,400 |
| Median Rent | $1,543 | $1,564 | $1,348 |
| Median Income | $51,909 | $71,711 | $78,538 |
| Home Value To Income | 8.1x | 5.3x | 3.9x |
| Rent To Monthly Income | 0.36x | 0.26x | 0.21x |
Median Home Value
Median Rent
Median Income
North Miami, FL Costs By Category
Detailed North Miami Services Costs Vs. Florida
| Item | North Miami | 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 Groceries Costs Vs. Florida
| Item | North Miami | 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 Health Costs Vs. Florida
| Item | North Miami | Florida |
|---|---|---|
| Optometrist | $98.49 | $125.68 |
| Doctor | $127.08 | $135.78 |
| Dentist | $107.83 | $113.29 |
Detailed North Miami Transportation Costs Vs. Florida
| Item | North Miami | Florida |
|---|---|---|
| Gasoline | $3.49 | $3.46 |
| Tire Balancing | $64.09 | $59.92 |
Detailed North Miami Utilities Costs Vs. Florida
| Item | North Miami | Florida |
|---|---|---|
| All Electricity | $200.94 | $193.99 |
| Phone | $194.37 | $192.25 |
North Miami SnackAbility
/10
Cost Of Living In Cities Around North Miami
The cost of living varies in the cities and towns around North Miami. 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.
Davie, FL has a cost of living index of 122, 1.1x North Miami.
Tamiami, FL has a cost of living index of 124, 1.1x North Miami.
| City | Population | Cost Of Living | Vs. North Miami |
|---|---|---|---|
| Pembroke Pines, FL | 170,557 | 122 | 1.1x |
| Davie, FL | 106,412 | 122 | 1.1x |
| Tamiami, FL | 51,201 | 124 | 1.1x |
| Coral Gables, FL | 49,243 | 188 | 1.7x |
| North Miami Beach, FL | 43,104 | 110 | 1.0x |
| Golden Glades, FL | 35,042 | 115 | 1.0x |
| Miami Lakes, FL | 30,731 | 136 | 1.2x |
| Coral Terrace, FL | 24,051 | 128 | 1.1x |
| Pinewood, FL | 17,427 | 109 | 1.0x |
| Key Biscayne, FL | 14,560 | 262 | 2.3x |
