Cost of Living in North Miami Beach, FL
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
119.3
100 = national avg
+19.3 vs national average
Living Wage (1 Adult)
$52,482
per year
Living Wage (Family of 4)
$124,049
per year
Cost Index by Category
Housing166.4
Food94.1
Transportation88.1
Healthcare95.2
Utilities109.7
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 North Miami Beach is 119.3, which is 19.3% above the national average. Housing costs are above the national average at an index of 166.4. A single adult needs to earn approximately $52,482 per year to cover basic expenses.