Cost of Living in Miami, Florida. May 2024. Prices in Miami

Cost of Living in Miami

Summary of cost of living in Miami, FL, United States:

  • A family of four estimated monthly costs are 4,605.3$ without rent (using our estimator).
  • A single person estimated monthly costs are 1,266.2$ without rent.
  • Miami is 26.2% less expensive than New York (without rent, see our cost of living index).
  • Rent in Miami is, on average, 30.9% lower than in New York.
Restaurants
Edit Range
Meal, Inexpensive Restaurant 25.00 $ 15.00-40.00
Meal for 2 People, Mid-range Restaurant, Three-course 100.00 $ 70.00-180.00
McMeal at McDonalds (or Equivalent Combo Meal) 12.00 $ 10.00-15.00
Domestic Beer (1 pint draught) 7.00 $ 4.50-9.00
Imported Beer (12 oz small bottle) 8.00 $ 6.00-12.00
Cappuccino (regular) 4.93 $ 2.00-8.00
Coke/Pepsi (12 oz small bottle) 2.79 $ 2.00-5.00
Water (12 oz small bottle) 2.20 $ 1.75-3.00
Markets
Edit
Milk (regular), (1 gallon) 4.38 $ 3.00-6.25
Loaf of Fresh White Bread (1 lb) 3.28 $ 1.80-5.00
Rice (white), (1 lb) 1.78 $ 1.00-3.00
Eggs (regular) (12) 4.03 $ 1.90-6.00
Local Cheese (1 lb) 6.05 $ 3.00-12.00
Chicken Fillets (1 lb) 5.07 $ 2.85-9.00
Beef Round (1 lb) (or Equivalent Back Leg Red Meat) 6.77 $ 3.50-12.00
Apples (1 lb) 2.74 $ 1.50-5.00
Banana (1 lb) 0.86 $ 0.60-1.75
Oranges (1 lb) 1.68 $ 0.65-5.00
Tomato (1 lb) 2.12 $ 0.88-4.00
Potato (1 lb) 1.08 $ 0.45-1.60
Onion (1 lb) 1.38 $ 0.79-2.00
Lettuce (1 head) 2.60 $ 1.60-4.00
Water (1.5 liter bottle) 2.14 $ 0.95-3.00
Bottle of Wine (Mid-Range) 13.00 $ 5.00-20.00
Domestic Beer (0.5 liter bottle) 2.08 $ 1.73-2.57
Imported Beer (12 oz small bottle) 2.53 $ 1.30-5.00
Cigarettes 20 Pack (Marlboro) 9.45 $ 8.50-13.00
Transportation
Edit
One-way Ticket (Local Transport) 2.25 $ 2.25-3.00
Monthly Pass (Regular Price) 115.00 $ 100.00-130.00
Taxi Start (Normal Tariff) 2.98 $ 2.90-6.00
Taxi 1 mile (Normal Tariff) 2.10 $ 1.50-5.00
Taxi 1hour Waiting (Normal Tariff) 24.00 $ 20.00-45.00
Gasoline (1 gallon) 3.50 $ 3.00-3.99
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) 35,000.00 $ 23,500.00-36,050.00
Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) 24,955.19 $ 25,000.00-28,000.00
Utilities (Monthly)
Edit
Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment 170.11 $ 127.50-250.00
Mobile Phone Monthly Plan with Calls and 10GB+ Data 59.33 $ 40.00-108.00
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) 63.36 $ 45.00-125.00
Sports And Leisure
Edit
Fitness Club, Monthly Fee for 1 Adult 70.62 $ 24.99-180.00
Tennis Court Rent (1 Hour on Weekend) 23.38 $ 20.00-24.00
Cinema, International Release, 1 Seat 15.00 $ 12.00-25.00
Childcare
Edit
Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child 1,162.50 $ 850.00-1,600.00
International Primary School, Yearly for 1 Child 28,333.33 $ 15,000.00-35,000.00
Clothing And Shoes
Edit
1 Pair of Jeans (Levis 501 Or Similar) 47.56 $ 25.00-60.00
1 Summer Dress in a Chain Store (Zara, H&M, ...) 43.89 $ 25.00-70.00
1 Pair of Nike Running Shoes (Mid-Range) 80.79 $ 50.00-110.00
1 Pair of Men Leather Business Shoes 98.46 $ 67.00-150.00
Rent Per Month
Edit
Apartment (1 bedroom) in City Centre 2,785.98 $ 2,100.00-3,800.00
Apartment (1 bedroom) Outside of Centre 2,138.86 $ 1,600.00-2,600.00
Apartment (3 bedrooms) in City Centre 5,435.01 $ 3,600.00-7,100.00
Apartment (3 bedrooms) Outside of Centre 3,802.83 $ 2,700.00-5,500.00
Buy Apartment Price
Edit
Price per Square Feet to Buy Apartment in City Centre 575.52 $ 450.00-1,199.99
Price per Square Feet to Buy Apartment Outside of Centre 359.55 $ 300.00-500.00
Salaries And Financing
Edit
Average Monthly Net Salary (After Tax) 4,348.99 $
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 6.56 6.00-7.00

Prices in Miami, Florida

This city had 997 entries in the past 12 months by 151 different contributors.
Last update: May 2024
Sources and References
Distribution of Expenses Using Our Statistical Model:
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2 Comments so far
Beatriz Shapanka on Jan 11, 2023:
How can I live in miami on a pension of $1350? Per month?
GetReal on Mar 23, 2021:
Aldo: Never lived in Miami but I think you are right. Numbeo is quite accurate about many things but it tends to overestimate the medium salary in most big cities around the world.