Cost of Living in Miami Springs, FL
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
148.4
100 = national avg
+48.4 vs national average
Living Wage (1 Adult)
$65,305
per year
Living Wage (Family of 4)
$154,356
per year
Cost Index by Category
Housing196.4
Food117.8
Transportation115.1
Healthcare114.2
Utilities130.0
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 Springs is 148.4, which is 48.4% above the national average. Housing costs are above the national average at an index of 196.4. A single adult needs to earn approximately $65,305 per year to cover basic expenses.