West Miami, FL Cost Of Living
Cost Of Living In West Miami, FL Summary
Cost of living in West 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 West 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 West Miami is 131, with 100 being the average.
The cost of living index in West Miami is 1.3x higher than the national average.
West Miami ranks as the #411 cheapest in Florida out of 459.
West Miami ranks as the #5,035 cheapest out of 6,489 in the US.
The median home value in West Miami is $660,078.
The median income in West Miami is $56,509.
Table Of Contents
West Miami's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in West Miami, FL?
According to the most recent data on the cost of living, West Miami has an overall cost of living index of 131, which is 1.3x higher than the national index of 100.
Compared to Florida, West Miami has a cost of living index that's 1.4x higher than Florida's index of 97.
The standard of living in West Miami ranks as #411 most affordable out of the 459 places we measured in Florida. By definition, that implies West Miami ranks as the #48 most expensive place in the Sunshine State.
For more reading on life in West Miami, check out:
In Florida
In America
West Miami Cost Of Living Vs. Florida
Six factors go into calculating the cost of living index in West Miami. Here is how it fairs on each of the criteria:
The Services index in West Miami is 104.
The Groceries index in West Miami is 104.
The Health index in West Miami is 94.
The Housing index in West Miami is 188.
The Transportation index in West Miami is 102.
The Utilities index in West Miami is 102.
| Living Expense | West Miami | Florida | National Average | |
|---|---|---|---|---|
| Overall | 131 | 97 | 100 | |
| Services | 104 | 96 | 100 | |
| Groceries | 104 | 99 | 100 | |
| Health | 94 | 98 | 100 | |
| Housing | 188 | 96 | 100 | |
| Transportation | 102 | 97 | 100 | |
| Utilities | 102 | 95 | 100 | |
West 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 West Miami is $660,078.
The Median Rent in West Miami is $2,176.
The Median Income in West Miami is $56,509.
The Home Value To Income in West Miami is 11.7x.
The Rent To Monthly Income in West Miami is 0.46x.
| Statistic | West Miami | Florida | United States |
|---|---|---|---|
| Median Home Value | $660,078 | $377,066 | $303,400 |
| Median Rent | $2,176 | $1,564 | $1,348 |
| Median Income | $56,509 | $71,711 | $78,538 |
| Home Value To Income | 11.7x | 5.3x | 3.9x |
| Rent To Monthly Income | 0.46x | 0.26x | 0.21x |
Median Home Value
Median Rent
Median Income
West Miami, FL Costs By Category
Detailed West Miami Services Costs Vs. Florida
| Item | West 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 West Miami Groceries Costs Vs. Florida
| Item | West 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 West Miami Health Costs Vs. Florida
| Item | West Miami | Florida |
|---|---|---|
| Optometrist | $98.49 | $125.68 |
| Doctor | $127.08 | $135.78 |
| Dentist | $107.83 | $113.29 |
Detailed West Miami Transportation Costs Vs. Florida
| Item | West Miami | Florida |
|---|---|---|
| Gasoline | $3.49 | $3.46 |
| Tire Balancing | $64.09 | $59.92 |
Detailed West Miami Utilities Costs Vs. Florida
| Item | West Miami | Florida |
|---|---|---|
| All Electricity | $200.94 | $193.99 |
| Phone | $194.37 | $192.25 |
West Miami SnackAbility
/10
Cost Of Living In Cities Around West Miami
The cost of living varies in the cities and towns around West 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, 0.9x West Miami.
Fountainebleau, FL has a cost of living index of 112, 0.9x West Miami.
Westchester, FL has a cost of living index of 125, 1.0x West Miami.
| City | Population | Cost Of Living | Vs. West Miami |
|---|---|---|---|
| Pembroke Pines, FL | 170,557 | 122 | 0.9x |
| Fountainebleau, FL | 56,453 | 112 | 0.9x |
| Westchester, FL | 53,082 | 125 | 1.0x |
| Kendale Lakes, FL | 52,141 | 118 | 0.9x |
| Coral Gables, FL | 49,243 | 188 | 1.4x |
| Richmond West, FL | 35,988 | 132 | 1.0x |
| Miami Lakes, FL | 30,731 | 136 | 1.0x |
| Coral Terrace, FL | 24,051 | 128 | 1.0x |
| The Crossings, FL | 22,359 | 125 | 1.0x |
| Country Walk, FL | 18,693 | 133 | 1.0x |
