D
25%
Overall NAT. AVG.
6%
Goods & Services NAT. AVG.
74%
Housing NAT. AVG.
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Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.
The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index Tamiami Florida National
Cost of living12598100
Goods & Services10698100
Groceries10499100
Health care9696100
Housing17496100
Transportation10399100
Utilities10397100

An Overview of Cost of Living in Tamiami, FL

Are you thinking about relocating, but curious about the potential cost of living in Tamiami? Is it more expensive or more affordable than average? Based on the most recent report, the cost of living in Tamiami stands at 125, making it 25% higher than the national average. The cost of living directly affects the affordability of one's desired lifestyle. Knowing the cost of housing, transportation, groceries and other essentials in the new area allows people to gauge whether they can maintain their preferred standard of living.

If affordability is among your top priorities when searching for a new place to live, this area may not be the ideal fit, as the cost of living in Tamiami is among the most expensive in the United States. Just a minority of areas exhibit a cost of living at least 20% higher than the national average, and unfortunately, Tamiami falls into this category, which may not align with your goal of finding a budget-friendly living environment.

Housing costs are a very significant part of the Tamiami cost of living index and generally encompass a large percentage of take-home income. Unfortunately, in this area, the housing costs for both homes and rentals were 74.3% more than the average city. This includes things like home and rent prices, mortgage rates and insurance.

Is Tamiami Affordable?

Is Tamiami an affordable place to live? It's a good question and one that you might want to ask when considering any new city, as affordability can play a huge role in the decision making process. The cost of living index (which we covered above), as well as housing costs and income levels play a vital role in determining the affordability of an area. The median home price in Tamiami is 73.5% higher than the national average, while the average monthly rent prices are 76.1% higher than average. The affordability of any location can also be influenced by median income levels. Tamiami has a median household income of $63,684, which is 15.1% higher than the national average.

What Factors can Influence the Cost of Living in Tamiami?

Housing: When there's a high demand for housing in trendy places, it can cause property prices and rental rates to soar, leading to a significantly higher cost of living. Conversely, in less desirable locations, where demand is low, prices tend to decrease, resulting in a more budget-friendly cost of living. In Tamiami, the housing index is 74.3% higher than the national average.

Subsidies: Some areas might offer government subsidies or assistance programs that help lower cost of living for residents. These programs can include anything from Medicare, Medicaid, housing subsidies, low-income home energy assistance programs, school lunch programs, supplemental nutrition assistance programs, student loans, electric vehicle tax credits, affordable care act subsidies and crop subsidies. Areas that offer less subsidies, could see an increase in their cost of living.

Groceries: Grocery costs have continued to increase significantly over the last 2-3 years. In some markets the cost of food has gone up by more than 20% in that period. While other markets have managed to see only a moderate uptick. These food costs can have a major impact on the cost of living in any area. In Tamiami, the groceries index is 4% higher than the national average.

Where is the Data From?

The Tamiami cost of living data displayed above is derived from the C2ER cost of living index to provide a useful and reasonably accurate measure of living cost differences in urban areas. The index takes into account data from 300 independent researches, covering more than 60 goods and services across 6 different categories, to create an overall index for each area, with 100 being the average. The C2ER index does not include sales or income tax rates in their data, however AreaVibes does include both income and sales tax rates in the overall cost of living score for each area.

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Cost Of Living Quick Facts

  • The cost of living in Tamiami is 28% higher than the Florida average
  • The cost of living in Tamiami is 25% higher than the national average
  • Tamiami housing is 74% higher than the national average
  • Florida general sales tax is 18% higher than the national average
  • Florida state income tax is 100% lower than the national average

Most Affordable Places to Live in and Around Tamiami

See all the best places to live around Tamiami

Compare Tamiami, FL Cost of Living

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      Salary Calculator

      This is how much you would need to earn in
      Price difference in compared to
      Cost of living index
      Goods & Services index
      Groceries index
      Health care index
      Housing index
      Transportation index
      Utilities index

      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$70,583$5,882$1,647$2,118
      Renters$43,333$3,611$1,011$1,300
      To approximate the cost of living and the housing affordability in Tamiami, FL, we can look at the percentage of income that is available to be spent on monthly housing, otherwise known as the debt-to-income ratio (DTI). To stay on the safe side, a consumer should not spend more than 28% of his or her gross income on housing-related expenses and costs and not more than 36% of income on all expenses and debts. Homeowners in Tamiami have a median income of $70,583. Therefore, the amount that a consumer should spend on housing costs should be no more than $1,647 per month to avoid calamity and poverty. The renters in the city have an income of about $43,333, which would make their monthly maximum allowable rental costs $1,011.

      Florida Sales Tax

      State General Sales Tax With Max Surtax
      Florida 6% 7.5%

      Florida Income Tax

      State Income Tax (Low) Income Tax (High)
      Florida 0% 0%

      Goods & Services

      Item Tamiami National avg. Difference
      Haircut $20.53$24.2615.4%
      Beauty Salon $88.07$45.5693.3%
      Toothpaste $3.51$3.705.2%
      Shampoo $1.53$1.2819.7%
      Movie $14.35$12.1318.2%
      Bowling $23.67$18.0031.5%

      Groceries

      Item Tamiami National avg. Difference
      Ground Beef $6.11$5.844.6%
      Fried Chicken $1.40$1.5711.2%
      Milk $4.60$4.671.5%
      Potatoes $5.24$4.936.2%
      Pizza $14.13$12.0916.9%
      Beer $11.44$10.419.9%

      Health Care

      Item Tamiami National avg. Difference
      Optometrist $98.49$125.6821.6%
      Doctor $127.08$135.786.4%
      Dentist $107.83$113.294.8%
      Ibuprofen $11.10$10.654.2%
      Lipitor $490.35$468.604.6%

      Housing

      Item Tamiami National avg. Difference
      Home Price $320,400.00$184,700.0073.5%
      Avg. Mortgage Payment $3,109.00$2,346.6932.5%
      Apartment Rent $1,671.00$949.0076.1%

      Transportation

      Item Tamiami National avg. Difference
      Gasoline $3.49$3.460.8%
      Tire Balancing $64.09$59.927.0%

      Utilities

      Item Tamiami National avg. Difference
      All Electricity $200.94$193.993.6%
      Phone $194.37$192.251.1%
      Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

      Nearby cities with low cost of living

      City Population Cost of Living Index National Avg.
      Medley, FL1,0538712.6%
      Gladeview, FL13,490981.8%
      Opa-locka, FL16,0081010.7%
      West Little River, FL32,2931033.3%
      Brownsville, FL17,4751055.1%
      Tamiami, FL55,75712525.2%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Kendale Lakes, FL55,73212020.2%
      Diamond Bar, CA55,87017675.8%
      Dearborn Heights, MI55,630945.7%
      Commerce City, CO55,89112423.6%
      New Brunswick, NJ55,99212020.3%
      Tamiami, FL55,75712525.2%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.