Cost of Living in South Miami, FL
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
170.9
100 = national avg
+70.9 vs national average
Living Wage (1 Adult)
$75,185
per year
Living Wage (Family of 4)
$177,711
per year
Cost Index by Category
Housing254.5
Food117.5
Transportation122.6
Healthcare114.0
Utilities141.4
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 South Miami is 170.9, which is 70.9% above the national average. Housing costs are above the national average at an index of 254.5. A single adult needs to earn approximately $75,185 per year to cover basic expenses.