| Index | Hialeah Gardens | Florida | National |
| Cost of living | 116 | 102 | 100 |
| Groceries | 104 | 102 | 100 |
| Health care | 105 | 104 | 100 |
| Housing | 138 | 97 | 100 |
| Transportation | 107 | 103 | 100 |
| Utilities | 109 | 110 | 100 |
| Lifestyle & Entertainment | 110 | 104 | 100 |
| Household Items | 105 | 102 | 100 |
| Education & Childcare | 114 | 106 | 100 |

Knowing the cost of living in Hialeah Gardens allows individuals to create a realistic budget. This helps them understand how their income will cover expenses and whether they need to make financial adjustments. The cost of living in any region can fluctuate due to various factors. To assess the cost of living consistently across different areas, a national average of 100 serves as the basis for the cost of living index. The cost of living in Hialeah Gardens stands at 116, marking it 16% higher than the national average.
Housing costs significantly influence the Hialeah Gardens cost of living index, typically accounting for a substantial portion of one's post-tax income. Regrettably, within this particular region, expenses related to both residential ownership and renting exceeded those observed in an average city by 37.7%. This entails elements such as housing and rental prices, mortgage interest rates and insurance costs.
Is Hialeah Gardens 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 Hialeah Gardens is 28.7% higher than the national average, while the average monthly rent prices are 58.9% higher than average. The affordability of any location can also be influenced by median income levels. Hialeah Gardens has a median household income of $78,462, which is 3.5% lower than the national average.
Urbanization: Urban areas with extensive amenities and job opportunities tend to have a higher cost of living due to increased demand for services and relocation, resulting in higher home prices and higher rents. Less densely populated rural areas, or areas with less demand tend to have fewer amenities and slower job growth, which results in a lower cost of living.
Healthcare: Healthcare costs and insurance premiums can undergo substantial fluctuations based on the city or state of residence. Elements such as the availability of healthcare facilities, out-of-pocket costs for medical consultations, dental expenses, prescription medication charges and specialized medical care fees all contribute to variations in the cost of living. In Hialeah Gardens, healthcare costs are 4.6% higher than the national average.
Housing: A sought-after location with high housing demand often leads to increased property values and rental rates, which can significantly inflate the overall cost of living. Conversely, areas with low housing demand, particularly in less desirable locales, tend to experience the opposite effect, causing prices to drop and contributing to a more affordable cost of living. In Hialeah Gardens, the housing index stands at 37.7% higher than the national average.
The Hialeah Gardens cost of living estimates above use a normalized U.S. average of 100 as the baseline for comparison. Housing values incorporate local home price and rental information from the U.S. Census, while all other estimates are AI-assisted and modeled using expected everyday expenses, local market trends, climate, and transportation-related cost pressures. The results are intended for practical city-to-city comparisons.
| Cost of living index | |
| Groceries index | |
| Health care index | |
| Housing index | |
| Transportation index | |
| Utilities index | |
| Lifestyle index | |
| Household index | |
| Educare index |
| Median Income | Per Year | Per Month | Max Budget (28% DTI) | Max Budget (36% DTI) |
| Owners | $91,035 | $7,586 | $2,124 | $2,731 |
| Renters | $66,669 | $5,556 | $1,556 | $2,000 |
| State | General Sales Tax | With Max Surtax |
| Florida | 6% | 7.5% |
| State | Income Tax (Low) | Income Tax (High) |
| Florida | 0% | 0% |
| City | Population | Cost of Living Index | National Avg. |
| Medley, FL | 1,076 | 89 | 10.7% |
| Pembroke Park, FL | 6,970 | 89 | 11.0% |
| Gladeview, FL | 13,938 | 99 | 1.4% |
| Opa-locka, FL | 16,610 | 101 | 1.2% |
| West Little River, FL | 33,229 | 104 | 3.6% |
| Hialeah Gardens, FL | 24,400 | 116 | 16.3% |
| City | Population | Cost of Living Index | National Avg. |
| West Puente Valley, CA | 24,398 | 147 | 47.1% |
| Sept-Îles, QC | 24,383 | n/a | |
| Wasaga Beach, ON | 24,372 | n/a | |
| Essa, ON | 24,435 | n/a | |
| Calabasas, CA | 24,363 | 239 | 138.6% |
| Hialeah Gardens, FL | 24,400 | 116 | 16.3% |