Cost of living in Miami Beach

In Miami Beach, United States, a family of four typically needs around $6494 per month including rent. A single person may spend about $2753 monthly.

How expensive is Miami Beach compared to other cities?

Compared to the European benchmark, Miami Beach is 93% more expensive overall.

How does Miami Beach compare to your city?

Miami Beach is 34% more expensive than Columbus, without rent.

Rent in Miami Beach is, on average, 35% higher than in Columbus.

What drives the cost of living in Miami Beach?

Who is Miami Beach a good fit for?

Miami Beach tends to fit higher-income residents who can comfortably absorb housing costs. It can be challenging on a moderate budget, mainly due to rent and utilities.

FAQ

Why is Miami Beach so expensive?

The high cost of living in Miami Beach is largely driven by rent and utilities, which significantly impact overall expenses.

Is food expensive in Miami Beach?

Food costs in Miami Beach are 39% higher than the European benchmark, making dining out and grocery shopping more costly.

Is public transport affordable in Miami Beach?

Public transport in Miami Beach is 10% lower than the European benchmark, offering a more budget-friendly option for getting around.

Cost of living breakdown

Cost of Living, one person, including rent
2753 $
Without Rent
912 $
Rent & Utilities
1841 $
Food
660 $
Transport
67 $
Monthly Salary, after tax
4621 $
GDP per Capita
81,695 $
Freedom Index
8.39
Lifespan
77 years
Speak English
96%
Population
82.9K

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Update Prices

Restaurants

Lunch menu, inexpensive restaurant 20.3 $
Dinner 84.2 $
Fast food, McDonalds or KFC 10.9 $
Beer, 0.5 L or 16 fl oz 6.39 $
Capuccino 5.11 $
Coke, 330ml 2.84 $

Compare Miami Beach with:

Markets

Milk, 1 L or 1 qt 1.14 $
Bread, 0.5 kg or 1 lb 3.52 $
Rice, 1 kg or 2 lb 4.26 $
Eggs, 12 pack 4.28 $
Cheese, 1 kg or 2 lb 14 $
Chicken Breast, 1 kg or 2 lb 11.9 $
Round Steak, 1 kg or 2 lb 17.4 $
Apples, 1 kg or 2 lb 5.4 $
Banana, 1 kg or 2 lb 1.74 $
Oranges, 1 kg or 2 lb 4.82 $
Tomato, 1 kg or 2 lb 4.84 $
Potato, 1 kg or 2.2 lb 2.76 $
Onion, 1 kg or 2.2 lb 3.16 $
Water, 1 L or 1 qt 1.38 $
Coca-Cola / Pepsi, 2 L or 67.6 fl oz 3.08 $
Wine, 750 mL bottle 14.2 $
Beer, 0.5 L or 16 fl oz 1.99 $
Cigarette pack 9.18 $

Transportation

One-way Ticket 2.31 $
Monthly Pass 99.6 $
Gas or Petrol, 1l or 0.26 gal 0.93 $
Taxi, 8 km 15.3 $

Personal Care

Doctor Visit, private clinic 152 $
Cold medicine, for 1 week 11.7 $
Hair Shampoo, 400 ml or 12 oz. 6.51 $
Toilet paper, 4 rolls 5.14 $
Toothpaste, 1 tube 2.8 $

Utilities per Month

1 person, electricity, heating, water & garbage 108 $
Family of 4, electricity, heating, water & garbage 168 $
Internet plan, +60 Mbps 62.7 $

Rent per Month

1 Bedroom Apartment, outside of center, 40 sq.m 1,574 $
3 Bedroom Apartment, outside of center, 85 sq.m 3,049 $
1 Bedroom Apartment, in city center, 40 sq.m 2,053 $
3 Bedroom Apartment, in city center, 85 sq.m 3,972 $

Buy Apartment Price

Price per Square Meter to Buy Apartment, in city center 5,417 $
Price per Square Meter to Buy House, in suburbs 3,7 $

Salaries and Financing

Average Monthly Net Salary, after tax 4,621 $
Mortgage Interest Rate, for 20 years fixed-rate 6.55%

Sports and Leisure

Fitness Club, Monthly Fee for 1 Adult 55 $
Cinema, 1 seat 14.6 $
Haircut 29.2 $

Clothing and Shoes

Brand Sneakers, mid-range, Nike or similar 85 $
Brand Jeans, Levis 501 49 $

Childcare

Preschool, full day, monthly for 1 child 1,123 $
International Primary School, yearly for 1 child 22,408 $

Compare Miami Beach with other top cities

Cayman Islands
Miami Beach vs George Town (George Town is 32% more expensive)
Bahamas
Miami Beach vs Nassau (Nassau is 0% more expensive) Miami Beach vs Freeport (Freeport is 20% less expensive)
Vanuatu
Miami Beach vs Port Vila (Port Vila is 15% less expensive) Miami Beach vs Luganville (Luganville is 11% more expensive)
United States
Miami Beach vs New York City (New York City is 47% more expensive) Miami Beach vs Los Angeles (Los Angeles is 16% more expensive) Miami Beach vs Chicago (Chicago is 3% less expensive) Miami Beach vs Houston (Houston is 18% less expensive) Miami Beach vs Phoenix (Phoenix is 14% less expensive) Miami Beach vs Philadelphia (Philadelphia is 8% less expensive) Miami Beach vs San Antonio (San Antonio is 20% less expensive) Miami Beach vs San Diego (San Diego is 22% more expensive) Miami Beach vs Dallas (Dallas is 7% less expensive) Miami Beach vs San Jose (San Jose is 33% more expensive)
Canada
Miami Beach vs Toronto (Toronto is 6% less expensive) Miami Beach vs Montreal (Montreal is 29% less expensive) Miami Beach vs Calgary (Calgary is 22% less expensive) Miami Beach vs Ottawa (Ottawa is 19% less expensive) Miami Beach vs Edmonton (Edmonton is 35% less expensive) Miami Beach vs Winnipeg (Winnipeg is 36% less expensive) Miami Beach vs Mississauga (Mississauga is 10% less expensive) Miami Beach vs Vancouver (Vancouver is 4% less expensive) Miami Beach vs Brampton (Brampton is 23% less expensive) Miami Beach vs Hamilton (Hamilton is 22% less expensive)
Barbados
Miami Beach vs Bridgetown (Bridgetown is 51% less expensive) Miami Beach vs Holetown (Holetown is 50% less expensive)
Panama
Miami Beach vs Panama City (Panama City is 50% less expensive) Miami Beach vs Colon (Colon is 57% less expensive) Miami Beach vs Tocumen (Tocumen is 55% less expensive) Miami Beach vs Santiago de Veraguas (Santiago de Veraguas is 62% less expensive) Miami Beach vs David (David is 70% less expensive) Miami Beach vs La Chorrera (La Chorrera is 65% less expensive) Miami Beach vs Balboa (Balboa is 55% less expensive) Miami Beach vs Pacora (Pacora is 55% less expensive) Miami Beach vs Chitre (Chitre is 60% less expensive) Miami Beach vs Penonome (Penonome is 60% less expensive)
Saint Kitts And Nevis
Miami Beach vs Basseterre (Basseterre is 55% less expensive) Miami Beach vs Cayon (Cayon is 55% less expensive)
Cuba
Miami Beach vs Havana (Havana is 63% less expensive) Miami Beach vs Santiago de Cuba (Santiago de Cuba is 49% less expensive) Miami Beach vs Holguin (Holguin is 54% less expensive) Miami Beach vs Camaguey (Camaguey is 45% less expensive) Miami Beach vs Santa Clara (Santa Clara is 62% less expensive) Miami Beach vs Bayamo (Bayamo is 58% less expensive) Miami Beach vs Guantanamo (Guantanamo is 43% less expensive) Miami Beach vs Las Tunas (Las Tunas is 43% less expensive) Miami Beach vs Pinar del Rio (Pinar del Rio is 60% less expensive) Miami Beach vs Cienfuegos (Cienfuegos is 68% less expensive)
Costa Rica
Miami Beach vs San Jose (San Jose is 55% less expensive) Miami Beach vs Limon (Limon is 56% less expensive) Miami Beach vs Liberia (Liberia is 67% less expensive) Miami Beach vs Alajuela (Alajuela is 55% less expensive) Miami Beach vs Puntarenas (Puntarenas is 54% less expensive) Miami Beach vs Cartago (Cartago is 65% less expensive) Miami Beach vs Heredia (Heredia is 55% less expensive) Miami Beach vs Tamarindo (Tamarindo is 39% less expensive) Miami Beach vs Santa Teresa (Santa Teresa is 52% less expensive)
Saint Lucia
Miami Beach vs Castries (Castries is 58% less expensive) Miami Beach vs Vieux Fort (Vieux Fort is 57% less expensive)
Jamaica
Miami Beach vs Kingston (Kingston is 52% less expensive) Miami Beach vs Spanish Town (Spanish Town is 72% less expensive) Miami Beach vs Montego Bay (Montego Bay is 63% less expensive) Miami Beach vs Half Way Tree (Half Way Tree is 58% less expensive) Miami Beach vs May Pen (May Pen is 70% less expensive) Miami Beach vs Mandeville (Mandeville is 64% less expensive) Miami Beach vs Old Harbour (Old Harbour is 69% less expensive) Miami Beach vs Linstead (Linstead is 62% less expensive) Miami Beach vs Savanna-la-Mar (Savanna-la-Mar is 59% less expensive) Miami Beach vs Port Antonio (Port Antonio is 58% less expensive)
El Salvador
Miami Beach vs San Salvador (San Salvador is 57% less expensive) Miami Beach vs Santa Ana (Santa Ana is 74% less expensive) Miami Beach vs Soyapango (Soyapango is 57% less expensive) Miami Beach vs San Miguel (San Miguel is 61% less expensive) Miami Beach vs Mejicanos (Mejicanos is 58% less expensive) Miami Beach vs Apopa (Apopa is 58% less expensive) Miami Beach vs Santa Tecla (Santa Tecla is 56% less expensive) Miami Beach vs Ahuachapan (Ahuachapan is 47% less expensive) Miami Beach vs Usulutan (Usulutan is 60% less expensive) Miami Beach vs Sonsonate (Sonsonate is 68% less expensive)
Antigua And Barbuda
Miami Beach vs St. John's (St. John's is 61% less expensive) Miami Beach vs All Saints (All Saints is 61% less expensive)
Grenada
Miami Beach vs St. George's (St. George's is 61% less expensive) Miami Beach vs Grenville (Grenville is 61% less expensive)
Dominica
Miami Beach vs Roseau (Roseau is 64% less expensive) Miami Beach vs Portsmouth (Portsmouth is 59% less expensive)
Saint Vincent
Miami Beach vs Kingstown (Kingstown is 64% less expensive) Miami Beach vs Georgetown (Georgetown is 64% less expensive)
Belize
Miami Beach vs Belize City (Belize City is 68% less expensive) Miami Beach vs San Ignacio (San Ignacio is 60% less expensive) Miami Beach vs Belmopan (Belmopan is 74% less expensive) Miami Beach vs San Pedro Town (San Pedro Town is 52% less expensive) Miami Beach vs Caye Caulker (Caye Caulker is 43% less expensive)
Guatemala
Miami Beach vs Guatemala City (Guatemala City is 63% less expensive) Miami Beach vs Mixco (Mixco is 77% less expensive) Miami Beach vs Coban (Coban is 67% less expensive) Miami Beach vs Quetzaltenango (Quetzaltenango is 72% less expensive) Miami Beach vs Jalapa (Jalapa is 67% less expensive) Miami Beach vs San Miguel Petapa (San Miguel Petapa is 67% less expensive) Miami Beach vs Momostenango (Momostenango is 68% less expensive) Miami Beach vs Mazatenango (Mazatenango is 68% less expensive) Miami Beach vs Flores (Flores is 69% less expensive) Miami Beach vs Panajachel (Panajachel is 71% less expensive)
Honduras
Miami Beach vs Tegucigalpa (Tegucigalpa is 70% less expensive) Miami Beach vs San Pedro Sula (San Pedro Sula is 62% less expensive) Miami Beach vs Choloma (Choloma is 78% less expensive) Miami Beach vs La Ceiba (La Ceiba is 76% less expensive) Miami Beach vs El Progreso (El Progreso is 68% less expensive) Miami Beach vs Villanueva (Villanueva is 69% less expensive) Miami Beach vs Comayagua (Comayagua is 74% less expensive) Miami Beach vs Puerto Cortes (Puerto Cortes is 74% less expensive) Miami Beach vs Yoro (Yoro is 73% less expensive) Miami Beach vs La Lima (La Lima is 68% less expensive)
Dominican Republic
Miami Beach vs Santiago de los Caballeros (Santiago de los Caballeros is 71% less expensive) Miami Beach vs Santo Domingo (Santo Domingo is 62% less expensive) Miami Beach vs Puerto Plata (Puerto Plata is 72% less expensive) Miami Beach vs Higuey (Higuey is 72% less expensive) Miami Beach vs La Vega (La Vega is 79% less expensive) Miami Beach vs San Cristobal (San Cristobal is 70% less expensive) Miami Beach vs San Pedro de Macoris (San Pedro de Macoris is 73% less expensive) Miami Beach vs San Francisco de Macoris (San Francisco de Macoris is 81% less expensive) Miami Beach vs San Juan de la Maguana (San Juan de la Maguana is 77% less expensive) Miami Beach vs Bonao (Bonao is 80% less expensive)
Nicaragua
Miami Beach vs Managua (Managua is 72% less expensive) Miami Beach vs Leon (Leon is 77% less expensive) Miami Beach vs Masaya (Masaya is 74% less expensive) Miami Beach vs Matagalpa (Matagalpa is 80% less expensive) Miami Beach vs Chinandega (Chinandega is 77% less expensive) Miami Beach vs Esteli (Esteli is 78% less expensive) Miami Beach vs Granada (Granada is 75% less expensive) Miami Beach vs Jinotega (Jinotega is 83% less expensive) Miami Beach vs Juigalpa (Juigalpa is 76% less expensive) Miami Beach vs San Juan del Sur (San Juan del Sur is 68% less expensive)