Cost of Living in Miami

Summary about cost of living in Miami:

Restaurants [ Edit ] Range
Meal, Inexpensive Restaurant 15.50 $ 12.00-27.00
Meal for 2 People, Mid-range Restaurant, Three-course 73.50 $ 50.00-90.00
McMeal at McDonalds (or Equivalent Combo Meal) 7.00 $ 5.00-8.00
Domestic Beer (1 pint draught) 5.00 $ 4.00-6.00
Imported Beer (11.2 oz small bottle) 6.50 $ 4.50-8.00
Cappuccino (regular) 3.95 $ 3.00-5.00
Coke/Pepsi (11.2 oz small bottle) 2.04 $ 1.00-3.00
Water (11.2 oz small bottle) 1.51 $ 1.00-2.50
Markets [ Edit ]
Milk (regular), (1 gallon) 3.63 $ 2.90-4.28
Loaf of Fresh White Bread (1 lb) 2.64 $ 1.79-4.00
Rice (white), (1 lb) 1.81 $ 1.00-3.00
Eggs (regular) (12) 2.70 $ 1.97-4.50
Local Cheese (1 lb) 4.48 $ 2.99-6.99
Chicken Breasts (Boneless, Skinless), (1 lb) 3.48 $ 1.99-8.00
Beef Round (1 lb) (or Equivalent Back Leg Red Meat) 5.51 $ 3.00-9.98
Apples (1 lb) 2.37 $ 1.00-4.00
Banana (1 lb) 0.69 $ 0.49-1.00
Oranges (1 lb) 2.20 $ 1.00-4.00
Tomato (1 lb) 1.61 $ 0.99-2.50
Potato (1 lb) 1.19 $ 0.98-2.00
Onion (1 lb) 1.14 $ 0.57-1.99
Lettuce (1 head) 1.90 $ 1.00-3.00
Water (1.5 liter bottle) 1.49 $ 1.00-2.00
Bottle of Wine (Mid-Range) 15.00 $ 10.00-20.00
Domestic Beer (0.5 liter bottle) 3.14 $ 1.32-5.00
Imported Beer (11.2 oz small bottle) 4.60 $ 3.50-6.00
Cigarettes 20 Pack (Marlboro) 5.87 $ 5.00-6.00
Transportation [ Edit ]
One-way Ticket (Local Transport) 2.25 $ 2.10-2.50
Monthly Pass (Regular Price) 112.50 $ 100.00-120.00
Taxi Start (Normal Tariff) 2.75 $ 2.50-3.00
Taxi 1 mile (Normal Tariff) 3.00 $ 2.89-3.60
Taxi 1hour Waiting (Normal Tariff) 30.00 $ 24.00-30.00
Gasoline (1 gallon) 2.61 $ 2.37-2.90
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) 21,550.00 $ 20,000.00-25,000.00
Toyota Corolla 1.6l 97kW Comfort (Or Equivalent New Car) 19,527.55 $ 17,000.00-23,000.00
Utilities (Monthly) [ Edit ]
Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment 127.67 $ 70.00-190.00
1 min. of Prepaid Mobile Tariff Local (No Discounts or Plans) 0.13 $ 0.10-0.25
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) 59.21 $ 31.00-89.00
Sports And Leisure [ Edit ]
Fitness Club, Monthly Fee for 1 Adult 38.86 $ 20.00-75.00
Tennis Court Rent (1 Hour on Weekend) 19.60 $ 13.00-30.00
Cinema, International Release, 1 Seat 13.00 $ 12.00-15.00
Childcare [ Edit ]
Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child 881.67 $ 400.00-1,200.00
International Primary School, Yearly for 1 Child 15,200.00 $ 9,000.00-18,000.00
Clothing And Shoes [ Edit ]
1 Pair of Jeans (Levis 501 Or Similar) 41.42 $ 30.00-50.00
1 Summer Dress in a Chain Store (Zara, H&M, ...) 35.71 $ 19.99-70.00
1 Pair of Nike Running Shoes (Mid-Range) 75.36 $ 51.00-100.00
1 Pair of Men Leather Business Shoes 93.24 $ 60.00-130.00
Rent Per Month [ Edit ]
Apartment (1 bedroom) in City Centre 1,865.93 $ 1,600.00-2,300.00
Apartment (1 bedroom) Outside of Centre 1,352.80 $ 1,200.00-1,600.00
Apartment (3 bedrooms) in City Centre 3,342.17 $ 2,500.00-4,300.00
Apartment (3 bedrooms) Outside of Centre 2,235.65 $ 1,800.00-3,450.00
Buy Apartment Price [ Edit ]
Price per Square Feet to Buy Apartment in City Centre 403.03 $ 275.00-548.12
Price per Square Feet to Buy Apartment Outside of Centre 194.31 $ 150.00-250.00
Salaries And Financing [ Edit ]
Average Monthly Net Salary (After Tax) 2,501.22 $
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 4.38 3.75-5.00

Prices in Miami, Florida

These data are based on 1359 entries in the past 18 months from 203 different contributors.
Last update: May 2018
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17 Comments so far

#Neil Duncan on Jun 27, 2016 :
Miami is hugely overrated and unless your earning big bucks and like hot an humid weather all year round plus living in an area which is full of crime and all different cultures an backgrounds. I would suggest anyone that doesn't earn big bucks and is hoping to scrape buy, think again and look at places more remote an cheaper:)
#Aly on Jun 20, 2016 :
I lived on Brickell and then in Coral Gables. On Brickell I was paying $1,800 for an unfurnished/water included 750sqft unit in an "okay" building. In Coral Gables I was paying $2,119 for an unfurnished/NOTHING included 830sqft luxury unit. I have moved to Gelnvar Heights area (semi-south Miami) and pay $1,200 for an old yet large 1/1.5 800sqft unit with water included but it has no amenities and no washer/dry in unit.
#Raz on Jun 04, 2016 :
I am moving there in August. Do you knows how much the bicycle cost and is it good to ride bicycle here in Miami?
#Nicola on May 19, 2016 :
Hello everyone, I'm moving to Miami soon, and I'll be earning 3.000 $ a month plus bonuses up to 18 K per year. I have 2 years of professional experience. Is that an acceptable salary? Is it enough to live decently?
#Kendall on Jan 31, 2016 :
hi, I am moving to Miami in March and do any of you know an average price of a normal/large sized house as I am moving here with my 3 kids?
#Veronica on Jul 06, 2015 :
I live a lot cheaper than prices quoted here.
Always shop at President or wholesale market or dollar stores. My food costs this week- tomato 60c per pound, corn 30c, cucumber 20c, mangoes 50c, lettuce $1, bread $1, gallon of milk $2.50.
I pay $500 for a 1 bedroom apartment near city center and $50 for power.
#lou on Jun 05, 2015 :
To add to earlier comments and a lot of typos. Unless you are making fla sucks..i grew up there 40 yrs..overbuilt..
overcrowded..its sodom and of the scam. If thats your scene youll love it. Until mid 90s it was ok..60-80s great then the developers realized shmucks will pay big money to live in postage stamp houses or rental boxes. Imo its a shithole i was back to visit 4 yrs ago. Fughetaboudit..unless you have big bucks and love hot humid yr round weather. If money is no issue..and you like to pretend your in the top 5% then youll love it..but there are better places in south to live and breed. Lol
#lou on Jun 05, 2015 :
Lived there 40 yrs both dade and broward..couldnt wait to get the hell out. lots of diverse cultures..if your smart learn spanish itll open up job market. Lots of nice people but lots of crooks of all beware it is notorious scam and drug area..crime yes. If youre an obnoxious nj-ny boston or philly person youll survive. Rent and taxes and homes are overvalued and cochroaches the size of dinossurs. Lots of phonies and wannabees. I moved to ne ga and wouldnt go back gor nuthing. It was a great place in 60-90s now fughetaboudit. Im self employed 80- 100k household . Just middle class. Good luck .stay awaycfrom ghetto areas like any major city.
#Mae West on May 22, 2015 :
My son has a family of 6, his wife and 4 kids. They're planning to move to Miami. They are not rich and only have high school diploma. What area of Miami is there a good school district and jobs near a beach. With low crime and a moderate cost of living?
#chris grace on Feb 01, 2015 :
please can someone help me to get info about FORT lauderdale area , CORAL RIDGES, BUILDING, also about taxes in this area.
#University Student on Jan 24, 2015 :
Avg. rent for a one person room is $1,000 (add another 300 per extra room, this is away from city). If you do not speak Spanish and English, and can be considered as "poor" it will be a real rough start. Any property in a generally crime free neighborhood, will cost avg 100,000 (1-2 bedroom apartment/townhouse) in 2015 away from the city, do not think about public transportation. You need a car and will spend a good amount of time in traffic. This is about accurate if you live away from the city that everyone sees and wants on TV. There are cheaper conditions located in "bad neighborhoods". In short 20,000 yearly salary for a family is comfortable (better said:"okay") living outside the city. Don't expect to go on a shopping spree. 20,000 for one person is living outside the city, will be enough to get you into the city at least for weekends every once and a while. AGAIN: YOU NEED A CAR!!!

College students can be a bit more flexible, besides tuition, fees, and food: 10,000 avg per year will be more than enough with a doorm or shared apartment!
#Anonymous on Nov 29, 2014 :
Modern day sodum and gomorra. The "fake it till you make it capital". Nuff said.
#alesia on Nov 05, 2014 :
I plan on moving to miami with my friends in three years and i want to plan ahead. What are some tips on how I can save money anyway I can so we can rent a three bedroom apartment. there is three of us but I dont want to be the only one planning ahead of time and I dont want to move by myself. what do I do?
#kim paulsen on Aug 18, 2014 :
Can anybody give me a average Price for Rent appartment in Miami Beach near Ocean Drive ?? Thanks
#Mj Mcelrath on Jun 16, 2014 :
I have lived here for over 30 years in almost every area of Miami. Stay away from the suburbs (Cutler Bay, Palmetto Bay, Homestead, Florida City---really boring and far away from anyplace fun) and stick closer to the water.

It costs me $1,075 for a one bedroom condo rental in a locked, secure building but that's a real good deal because I NEVER bug the landlord, pay on time and have been there 6 years) I work for the local government as a librarian and make 67K but they're trying to close the libraries and lay us all off. Two tiers of people here: workers and the VERY wealthy. Workers are viewed as germs; tourists and the rich are viewed as humans on a sliding scale, according to worth.

Moving here? Have a strong constitution because it's a rough place in some ways. Hispanics are the warmest, most fun people (Anglo here) but can be clique-ish and freeze you out unless you at least try to speak Spanish because many gringos are snobby and mean to them. Don't take anything personally. Most of all remember: it's a sunny place with a lot of shady people so trust but verify EVERYTHING. Look forward to seeing you!
#bahar on May 14, 2014 :
I am newcomer to university of Miami for fall of 2014. my ordered fund from university is 35200$ per year. can i rent an apartment near university and live in satisfactory condition with this money?
#Anonymous on May 11, 2014 :
Miami is a great place to live, but you NEED a CAR this is a very spread out town unless u work and live close to each other. public transportation varies from city to city and Miami-Dade in made up of many. so it then becomes unreliable, there are too many issues with public transportation but the job market is fair do your research before you get here because many jobs u must speak ENG.& SPANISH to apply cost of living is high but compared to other major cities its average. plus No State income tax but Property owner beware this tax is high here above Avg..