Cost of Living in Miami, TX
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
89.4
100 = national avg
-10.6 vs national average
Living Wage (1 Adult)
$39,357
per year
Living Wage (Family of 4)
$93,025
per year
Cost Index by Category
Housing73.0
Food99.4
Transportation98.7
Healthcare99.5
Utilities94.2
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$811
per month
2 Bedroom
$1,015
per month
The overall cost of living index in Miami is 89.4, which is 10.6% below the national average. Housing costs are below the national average at an index of 73.0. A single adult needs to earn approximately $39,357 per year to cover basic expenses.