Cost of Living in Miami Shores, FL
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
227.1
100 = national avg
+127.1 vs national average
Living Wage (1 Adult)
$99,940
per year
Living Wage (Family of 4)
$236,222
per year
Cost Index by Category
Housing310.4
Food155.4
Transportation210.8
Healthcare144.3
Utilities175.3
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,995
per month
2 Bedroom
$2,436
per month
The overall cost of living index in Miami Shores is 227.1, which is 127.1% above the national average. Housing costs are above the national average at an index of 310.4. A single adult needs to earn approximately $99,940 per year to cover basic expenses.