🇺🇸 FL, United States · #30 of 538 cities · 2026

Cost of Living in Miami

10.0% above the United States average

Ranked #30 of 538 cities · More expensive than 94.4% of cities worldwide

Compared to United States average

Rent Prices

Rent Prices in Miami

Apartment City Centre Outside Centre You Save
1-Bedroom USD 2,986/mo USD 2,091/mo 30%
3-Bedroom USD 5,503/mo USD 3,764/mo 30%
Numbeo · 2026-03-12

Multi-Source Comparison

★★★ High Confidence

Miami has a composite cost index of 76.8 from 4 independent data sources.

76.8
Composite
4
Sources
6.2
Spread

Source Values (NYC = 100)

Numbeo
76.5
Expatistan
77.2
LivingCost
90.2
SIM
73.7
Eurostat Validation (EU27 = 100) Gov. Data
Eurostat
118.8

Based on 108 country PLI x 1.1 city factor

View all 127 cities | Data last updated: 2026-03-18

Cost Indices

Cost of Living
+10.0% Expensive
Rent
+22.6% Very expensive
Groceries
+8.8% Expensive
Restaurants
+21.9% Very expensive
Purchasing Power
-40.1% Very weak

Living in Miami: What to Expect

Miami is expensive by global standards (ranked #30 of 538 cities). It is 10.0% more expensive than the United States average, based on 74 cities.

Groceries are expensive, while dining out is very expensive. Groceries offers the best value, while Rent is the priciest.

Local purchasing power is limited — residents can afford fewer goods and services than in most cities.

Similar Cities

How Does Miami Compare?

Planning a Move to Miami?

Compare cost of living with your current city, or calculate your net salary after tax.

Decision guide
Should I Move to Miami?
Rankings
Cheapest Cities in the World

Relocation Toolkit

Trusted services for your move

We may earn a commission if you sign up — at no extra cost to you.