Cost of living in Miami — 2026
Miami has 446,663 residents and lies in Floride. Median rent there comes to roughly €1,416 per month in 2026. To buy, expect 406,189 €. Median income is 50,765 €/year, meaning reference rent absorbs about 33% of monthly income.
Cost of living in Miami
Rent
- Median rent
- 1,416 €/month
Buy
- Median home value
- 406,189 €
Income
- Median household income
- 50,765 €/year
Local taxes
- Median property tax paid
- 3,593 €/year
Quality of life — Miami
Rent burdenShare of household income spent on rent — US Census ACS 5-year 2023
Poverty rateShare of the population below the poverty line — US Census ACS 5-year 2023
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