Cost of Living in West Miami, FL
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
141.4
100 = national avg
+41.4 vs national average
Living Wage (1 Adult)
$62,229
per year
Living Wage (Family of 4)
$147,086
per year
Cost Index by Category
Housing226.8
Food93.2
Transportation90.2
Healthcare94.6
Utilities121.3
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 West Miami is 141.4, which is 41.4% above the national average. Housing costs are above the national average at an index of 226.8. A single adult needs to earn approximately $62,229 per year to cover basic expenses.