Average Rent Cost in Miami, FL
COL Index: 123.1
Pop: 442,241
↑ Rising
The average rent cost cost in Miami, FL is $0 per month, which is 100.0% below the national average of $1,372.
Rent Costs: Miami vs. National Average
| Metric | Miami | National Average | Difference | Trend |
|---|---|---|---|---|
| Rent (Monthly) | $0 | $1,372 | -100% | ↑ Rising |
Full Cost of Living Breakdown for Miami
| Expense Category | Miami (Monthly) | National Average | Difference |
|---|---|---|---|
| Rent | $1,725 | $1,372 | +25.7% |
| Groceries | $510 | $475 | +7.4% |
| Utilities | $205 | $185 | +10.8% |
| Transportation | $250 | $225 | +11.1% |
| Childcare | $1,500 | $1,450 | +3.4% |
| Healthcare | $495 | $475 | +4.2% |
| Dining Out | $320 | $290 | +10.3% |
| Total Monthly | $5,005 |
Monthly Budget Recommendation for Miami
Based on current cost of living data, plan for approximately $5,005 per month to cover all major living expenses in Miami, FL.
Create a Budget for Miami
Let Budget Buddy analyze your income and build a customized budget based on Miami's cost of living.
Learn More About New Day BudgetingAverage Rent Cost in Miami, FL
The average monthly rent cost cost in Miami, FL is $0, which is 100.0% lower than the national average of $1,372 per month.
Miami has a cost of living index of 123.1 (100 = national average).
Data sourced from BLS Consumer Expenditure Survey, Census Bureau American Community Survey (ACS), and HUD Fair Market Rents. Figures reflect 2026 estimates and may vary based on household size and lifestyle.