Looking for a fresh start in a new Miami neighborhood that is actually affordable? Fortunately, there are some neighborhoods that still offer affordable cost of living. Listed below are the most affordable neighborhoods in Miami for 2026, ranked by their cost of living index. The cost of living index includes various items such as: goods and services, groceries, utilities, real estate and rental rates. For reference, the national average for cost of living is 100.

Population 25,630
-29%
Cost of Living Index 91 vs 129
29% lower than Miami
Population 18,479
-16%
Cost of Living Index 108 vs 129
16% lower than Miami
Population 49,078
-12%
Cost of Living Index 114 vs 129
12% lower than Miami
Population 51,332
-12%
Cost of Living Index 114 vs 129
12% lower than Miami
Population 13,217
-11%
Cost of Living Index 115 vs 129
11% lower than Miami
Population 33,912
-8%
Cost of Living Index 119 vs 129
8% lower than Miami
Population 60,017
-5%
Cost of Living Index 123 vs 129
5% lower than Miami
Population 61,203
-5%
Cost of Living Index 123 vs 129
5% lower than Miami
Population 44,374
8%
Cost of Living Index 140 vs 129
8% higher than Miami
Population 115
10%
Cost of Living Index 142 vs 129
10% higher than Miami
Is This the Right Place for You? Local Insights Report
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Local Insights Report