Miami-Dade County, FL – cost of living

Cost of Living in Miami-Dade County, FL

Located in Florida

This county page summarizes housing costs, income context, and salary benchmarks so you can quickly gauge affordability and compare nearby options.

Is Miami-Dade County, FL affordable?

Miami-Dade County, FL reads as a mid-range county in our model. Rent looks manageable relative to local incomes, and housing is the main budget pressure.

Most useful for renters and households comparing county-level affordability before drilling into city pages.

Median household income$68,694
Median rent (1BR)$1,471/mo
Median home price$425,400
Cost of living index100 (U.S. = 100)
State income tax0%

Median 1BR rent is about 25.7% of gross income in Miami-Dade County, FL. In the monthly breakdown, Rent (housing) is the biggest lever for overall costs. In this area (mid-range), the model’s rent math puts housing in a “Moderate” bucket: rent is meaningful, so budgeting matters and rent (housing) is the main lever in the estimates.

Median rent (1BR)
$1,471/mo
Cost of living index
100 (U.S. = 100)
Rent cap @ 30%
$1,717/mo
Salary for the 30% rule
$58,840/yr

Cost-of-living tier: moderate

What drives the budget here?

This area is generally mid-range based on a cost-of-living index of 100 (U.S. average = 100). Typical rent-to-gross is in the Moderate range (using the page’s rent and income inputs).

In the site’s estimated monthly breakdown, the largest category is Rent (housing) (1,644.5/mo), so that’s the biggest lever for moving the overall budget up or down.

Practical next steps

  • Rent is meaningful but still near the affordability guideline. A small move to a lower-rent neighborhood (or a higher gross income) can make the budget feel much steadier.
  • In this area, the modeled rent target is reachable at (or below) the local median income level.

Data: U.S. Census Bureau ACS 5-year (county-level). Updated March 2026.

Financial snapshot

Cost of living index100 (U.S. = 100)
Median household income$68,694
Median individual income$41,216
Avg rent 1BR$1,471/mo
Avg rent 2BR$1,818/mo
Median home price$425,400
State income tax rate0%
Sales tax rate6%
Population2,685,296
Last updated2026-03-09

Estimated monthly cost breakdown

Rent (avg 1BR/2BR)$1,644.5
Utilities$180
Groceries$420
Transportation$380
Healthcare$320
Misc$350
Total estimated$3,294.5