What is the cost of living in South Miami, FL?
According to the most recent data on the cost of living, South Miami has an overall cost of living index of 151, which is 1.5x higher than the national index of 100.
Compared to Florida, South Miami has a cost of living index that's 1.5x higher than Florida's index of 104.
The standard of living in South Miami ranks as #444 most affordable out of the 462 places we measured in Florida. By definition, that implies South Miami ranks as the #18 most expensive place in the Sunshine State.
For more reading on life in South Miami, check out:
South Miami Cost Of Living Vs. Florida
Six factors go into calculating the cost of living index in South Miami. Here is how it fares on each of the criteria:
The Services index in South Miami is 103.
The Groceries index in South Miami is 104.
The Health index in South Miami is 262.
The Housing index in South Miami is 104.
The Transportation index in South Miami is 108.
The Utilities index in South Miami is 109.
| Living Expense | South Miami | Florida | National Average |
|---|---|---|---|
| Overall | 151 | 104 | 100 |
| Services | 103 | 101 | 100 |
| Groceries | 104 | 105 | 100 |
| Health | 262 | 99 | 100 |
| Housing | 104 | 104 | 100 |
| Transportation | 108 | 109 | 100 |
| Utilities | 109 | 105 | 100 |
South Miami 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 South Miami Get matched →Source: Cost-of-living index 2026, normalized to US average = 100
South 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 2020-2024. The key points are:
The Median Home Value in South Miami is $867,893.
The Median Rent in South Miami is $1,764.
The Median Income in South Miami is $94,507.
The Home Value To Income in South Miami is 9.2x.
The Rent To Monthly Income in South Miami is 0.22x.
| Statistic | South Miami | Florida | United States |
|---|---|---|---|
| Median Home Value | $867,893 | $375,661 | $332,700 |
| Median Rent | $1,764 | $1,669 | $1,413 |
| Median Income | $94,507 | $74,568 | $80,734 |
| Home Value To Income | 9.2x | 5.0x | 4.1x |
| Rent To Monthly Income | 0.22x | 0.27x | 0.21x |
South Miami, FL Costs By Category
Detailed South Miami Services costs vs. Florida
| Item | South 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 South Miami Groceries costs vs. Florida
| Item | South 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 South Miami Health costs vs. Florida
| Item | South Miami | Florida |
|---|---|---|
| Optometrist | $98.49 | $125.68 |
| Doctor | $127.08 | $135.78 |
| Dentist | $107.83 | $113.29 |
Detailed South Miami Transportation costs vs. Florida
| Item | South Miami | Florida |
|---|---|---|
| Gasoline | $3.49 | $3.46 |
| Tire Balancing | $64.09 | $59.92 |
Detailed South Miami Utilities costs vs. Florida
| Item | South Miami | Florida |
|---|---|---|
| All Electricity | $200.94 | $193.99 |
| Phone | $194.37 | $192.25 |
South Miami SnackAbility
Cost Of Living In Cities Around South Miami
The cost of living varies in the cities and towns around South Miami. Here's a quick look at the cost of living in the most populous nearby places:
Kendall, FL has a cost of living index of 129, 0.9x South Miami.
Kendale Lakes, FL has a cost of living index of 120, 0.8x South Miami.
Westchester, FL has a cost of living index of 124, 0.8x South Miami.
| City | Population | Cost Of Living | Vs. South Miami |
|---|---|---|---|
| Kendall, FL | 79,562 | 129 | 0.9x |
| Kendale Lakes, FL | 52,622 | 120 | 0.8x |
| Westchester, FL | 52,032 | 124 | 0.8x |
| Coral Gables, FL | 49,802 | 191 | 1.3x |
| Tamiami, FL | 49,752 | 126 | 0.8x |
| Richmond West, FL | 35,593 | 133 | 0.9x |
| Miami Lakes, FL | 31,553 | 134 | 0.9x |
| Coral Terrace, FL | 24,895 | 128 | 0.8x |
| The Crossings, FL | 22,963 | 126 | 0.8x |
| Glenvar Heights, FL | 19,395 | 131 | 0.9x |
