Cost of Living in Miami
United States • Population: 467,963
Key Living Costs
Monthly Budget Estimates
Cost of Living Overview: Miami
Miami, United States is 18% more affordable than New York City, making it a moderately affordable destination for expats and digital nomads in 2026. With a single person's monthly budget averaging around $2,862 (including rent outside city center), understanding the true cost of living in Miami is essential for anyone planning to relocate or spend extended time in this North America city.
Key Cost Highlights
A one-bedroom apartment in Miami's city center costs around $2,750 per month, while living outside the center saves you approximately 22% at $2,150.
Dining out in Miami ranges from $20 for an inexpensive meal to $100 for a mid-range three-course dinner for two. Daily coffee runs will set you back $5 per cappuccino.
Public transit is a significant expense at $113 per month for unlimited travel. A single trip costs $2.
Basic utilities for an 85m² apartment (electricity, heating, cooling, water, garbage) average $155 monthly. Internet (60 Mbps+) adds another $68.
Purchasing power in Miami is moderate compared to global averages, meaning your money stretches reasonably well.
Cost Breakdown
🏠 Housing (Monthly)
- 1BR City Center$2750
- 1BR Outside Center$2150
- 3BR City Center$5250
🍽️ Food & Dining
- Meal at Restaurant$20
- Mid-range Restaurant (2 people)$100
- Cappuccino$5.35
🚌 Transportation
- Public Transport (Monthly)$112.5
- Taxi Start$3.5
- Gasoline (1L)$0.88
Living in Miami
Living in Miami offers a reasonably priced lifestyle compared to other major world cities. A single professional can expect to spend $2,862 per month for a comfortable life, while families should budget approximately $6,191 monthly. Housing remains the biggest expense at 75% of a single person's budget. The United States North American lifestyle in Miami combines affordable dining with reliable transportation.
Who Should Move to Miami?
Miami is ideal for freelancers looking for affordable quality of life, young professionals starting their careers, and those seeking international experience. The city's moderate costs provide good value without sacrificing quality. With United States's business opportunities and infrastructure, Miami attracts people from all walks of life.
Money-Saving Tips for Miami
Money-saving tips for Miami: Cook at home to significantly reduce food costs. Shop at local markets for fresh produce at better prices than supermarkets. Additionally, consider using local banking services to avoid international transaction fees, and research any tax treaties between your home country and United States for potential savings on income earned abroad.
Frequently Asked Questions
How much does it cost to live in Miami per month?
A single person can live comfortably in Miami for approximately $2,862 per month, including rent outside the city center. This covers housing ($2,150), food, transportation, and utilities. Living in the city center increases costs to around $3,462 monthly.
What is the average rent in Miami?
In Miami, a one-bedroom apartment in the city center averages $2,750 per month, while the same outside the center costs $2,150. For a three-bedroom apartment, expect $5,250 in the center or $3,700 outside.
Is Miami expensive?
Miami is relatively affordable, with a cost of living index of 82 (New York City = 100). Your money goes further here compared to major US and European cities.
Is Miami a good city for expats?
Miami offers good purchasing power and affordable living costs for expats. The North America lifestyle, combined with reliable connectivity and transportation options, makes it an excellent choice for international residents.
How does Miami compare to New York City?
Miami is 18% cheaper than New York City. Rent is 28% lower, and groceries are 20% more affordable. Overall, you'll save money here.
In 2026, Miami remains a competitively priced destination in North America. Whether you're a digital nomad, expat, or simply exploring relocation options, understanding these costs helps you plan effectively. Compare Miami with other cities to find your ideal match, or use our salary calculator to determine what you'd need to earn here.
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