In comparison to other major cities in the US, such as New York, San Francisco and Los Angeles, the cost of living in Miami is significantly lower. However, it remains one of the most expensive cities when viewed on a global scale, particularly in terms of housing and daily expenses.
The cost of living in Miami is largely influenced by your lifestyle choices – there are just as many opportunities to save as there are to splurge. Accommodation and transport are likely to be your biggest expenses.
Cost of accommodation in Miami
The cost of purchasing a home in Miami has been climbing over the past few years and looks set to continue. While this is good news for those with a piece of real estate, it does mean that rental prices are also on the rise.
When looking for accommodation in Miami, you may notice that there’s plenty of availability in new and expensive developments, but there are far fewer options on a tight budget. It’s worth noting, though, that outlying suburbs are generally cheaper than central inner-city areas, and adding a little extra to your commute time can pay off when it comes to saving money on rent.
Utilities in Miami are actually slightly lower than the national average, which is welcome news for your budget. Be prepared for some initial rental costs, including security and utility deposits.
Cost of entertainment and eating out in Miami
Entertainment in Miami is often relatively expensive, especially in popular areas such as South Beach. There are, however, plenty of affordable things to do in Miami, such as spending a day exploring the city’s botanical gardens, hiking in the Everglades National Park or perfecting your tan on the beach.
The cuisine in Miami is influenced by the city’s diversity, and the cost of eating out will largely depend on your personal preferences. Fast food, ethnic restaurants, and food vans will be more affordable, while you should expect to shell out handsomely for sit-down restaurants. Alcoholic drinks are also fairly pricey, so you’ll need to be strategic when enjoying a night out.
Cost of groceries in Miami
The cost of groceries in Miami is about one-fifth higher than the national average, making it the most expensive city for groceries in the US. Shop around and visit several grocery stores during your first few weeks in Miami to find the most affordable supermarkets in your neighbourhood.
Aldi, Costco and Trader Joe’s are among the least expensive supermarkets in Miami. While Publix is the most popular grocery shop in Miami, you’re advised to avoid shopping at premium supermarkets for all your basics, as this can be quite expensive.
Cost of transport in Miami
The cost of public transport in Miami is reasonable, but the public transport system is not as comprehensive as that in other major US cities. You can reduce your transport costs by purchasing a reloadable EASY card.
That said, most people from Miami tend to own a car for convenience. As such, if you’re planning a move to the city, you would do well to budget for the cost of buying and maintaining a vehicle. This includes petrol (gas), parking and maintenance fees.
Public Transport and Driving in Miami
Cost of education in Miami
Foreigners and US citizens alike can attend public schools free of charge, many of which offer a good standard of education. Parents who wish to send their children to a private or international school in the city should note that school fees can be high, and there are often additional expenses for things like school uniforms, stationery, extracurriculars, and textbooks.
Education and Schools in Miami
Cost of healthcare in Miami
The USA does not have universal healthcare, so you’ll need private health insurance to reliably access the city’s healthcare facilities. Miami boasts excellent healthcare and practitioners, but costs are high.
Some new arrivals may be fortunate enough to have their health insurance covered by employers. Those who do not can compare different health insurance providers and choose the most appropriate cover for their needs.
Healthcare and Medical Insurance in Miami
Cost of living in Miami chart
Prices may vary depending on product and service provider. The list below shows average prices for July 2025.
Accommodation (monthly rent) | |
Three-bedroom apartment in the city centre | USD 3,800 |
Three-bedroom apartment outside the city centre | USD 3,200 |
One-bedroom apartment in the city centre | USD 2,700 |
One-bedroom apartment outside the city centre | USD 2,200 |
Shopping | |
Eggs (dozen) | USD 6.25 |
Milk (1 litre) | USD 1.25 |
Rice (1kg) | USD 5.40 |
Loaf of white bread | USD 3.25 |
Chicken breasts (1kg) | USD 14.45 |
Cheese (500g) | USD 14.85 |
Eating out | |
Three-course meal for two at a mid-range restaurant | USD 95 |
Big Mac Meal | USD 13.10 |
Coca-Cola (330ml) | USD 2.05 |
Cappuccino | USD 5.00 |
Local beer (500ml) | USD 2.80 |
Utilities | |
Mobile phone monthly plan with calls and data | USD 65 |
Internet (uncapped ADSL or cable – average per month) | USD 50 |
Basic utilities (average per month for a standard household) | USD 220 |
Transport | |
Taxi rate (per kilometre) | USD 1.30 |
Bus/train fare in the city centre | USD 2.25 |
Gasoline/petrol (per litre) | USD 0.95 |
What do expats say about living costs in Miami?
"The cost of living in Miami has become higher as housing has become more expensive and wages have staggered. As a French citizen, I find education and childcare to be particularly expensive as well as grocery shopping and healthcare. Nothing appears to be really cheap here, but I guess it all depends where you come from."
Read more of French expat Emmanuelle’s experiences in her expat interview on Miami.
Further reading
►For tips on finding a job, see Working in Miami
Are you an expat living in Miami, FL?
Expat Arrivals is looking for locals to contribute to this guide, and answer forum questions from others planning their move to Miami, FL. Please contact us if you'd like to contribute, or fill in our expat interview form to be featured.
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