Last updated 2026-06-12 ยท MovePlan Editorial Team
Above the national average, with high rent offset by no state income tax.
Cost of living index (US avg = 100): 123
Median 2BR rent: $3,000/mo
Housing: 148 vs 100
Groceries: 106 vs 100
Utilities: 106 vs 100
Transportation: 104 vs 100
Healthcare: 100 vs 100
Miami combines beaches, nightlife, and a bilingual culture with high housing and insurance costs. No state income tax helps, but rent has climbed sharply in recent years.