Cost of Living in North Miami, FL
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
114.0
100 = national avg
+14.0 vs national average
Living Wage (1 Adult)
$50,147
per year
Living Wage (Family of 4)
$118,529
per year
Cost Index by Category
Housing162.6
Food89.7
Transportation79.4
Healthcare91.7
Utilities106.3
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 North Miami is 114.0, which is 14.0% above the national average. Housing costs are above the national average at an index of 162.6. A single adult needs to earn approximately $50,147 per year to cover basic expenses.