Miami-Dade County · Florida
Cost of living in Miami, FL
Price levels published by the Bureau of Economic Analysis for Miami-Fort Lauderdale-West Palm Beach, FL, with the national average set to 100 — so 108 means things cost 8% more here than the US average.
Quick answer
Living in Miami, FL costs 14.2% above the national average — an all-items price level of 114.2. To match the buying power of a $100,000 national-average salary you would need about $114,155 here.
- All items
- 114.2US average = 100
- Housing
- 155.655.6% above the national average
- Goods
- 103.63.6% above the national average
- Other services
- 109.19.1% above the national average
Price level by component
Where the difference actually comes from.
| Component | Index | vs US | What it covers |
|---|---|---|---|
| Goods | 103.6 | +3.6% | Groceries, fuel, clothing, durable purchases. |
| Housing | 155.6 | +55.6% | Rents and imputed rents — the biggest single swing factor. |
| Utilities | 97.2 | -2.8% | Electricity, gas, water and other household energy. |
| Other services | 109.1 | +9.1% | Healthcare, dining, repairs, personal services. |
What your salary is worth in Miami, FL
Enter a salary. We deflate it by the local price level (114.2 where 100 is the US average) and show what you would need to earn here to match the same pay somewhere average.
- Real value here
- $48,056
- Needed to match US average
- $62,623
- Monthly difference
- $647
What a local paycheck is really worth
Nominal pay is only half the story.
The median household in Miami earns $54,858. Deflated by the local price level, that is $48,056 in national-average dollars — the BEA calls this real income, and it is simply income × 100 ÷ 114.2.
More on Miami
Same city, other datasets.
2024 BEA Regional Price Parities, published for Miami-Fort Lauderdale-West Palm Beach, FL. Parities are metro-wide, so a single neighbourhood can sit well above or below these figures.