Cost of Living in Miami, AZ
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
77.0
100 = national avg
-23.0 vs national average
Living Wage (1 Adult)
$33,874
per year
Living Wage (Family of 4)
$80,065
per year
Cost Index by Category
Housing76.6
Food83.8
Transportation67.7
Healthcare87.1
Utilities85.6
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,127
per month
2 Bedroom
$1,479
per month
The overall cost of living index in Miami is 77.0, which is 23.0% below the national average. Housing costs are below the national average at an index of 76.6. A single adult needs to earn approximately $33,874 per year to cover basic expenses.