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Cost of Living in Miami Beach, FL

2025 Affordability Data & Housing Costs

120.7

Cost of Living Index (100 = US Average)

Very Expensive

Median Home Value

$542,000

Owner-occupied homes (2023 ACS)

Median Household Income

$67,014

Annual (2023 ACS)

Housing Costs

The median home value in Miami Beach is $542,000, which is higher than the national average. The home price-to-income ratio is 8.1, indicating affordability challenges.

Income & Purchasing Power

The median household income in Miami Beach is $67,014 annually.

Compare with Other Cities

View all cities in Florida

Frequently Asked Questions

What is the cost of living index in Miami Beach, FL?

The COL index is 120.7, which is higher than the US average of 100.

What is the median home value in Miami Beach?

The median home value is $542,000.

What is the median rent in Miami Beach?

Data not available.

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