| Index | North Miami | Florida | National |
| Cost of living | 110 | 102 | 100 |
| Groceries | 103 | 102 | 100 |
| Health care | 107 | 104 | 100 |
| Housing | 126 | 97 | 100 |
| Transportation | 100 | 103 | 100 |
| Utilities | 111 | 110 | 100 |
| Lifestyle & Entertainment | 101 | 104 | 100 |
| Household Items | 102 | 102 | 100 |
| Education & Childcare | 103 | 106 | 100 |
Are you thinking about relocating, but curious about the potential cost of living in North Miami? Is it more expensive or more affordable than average? Based on the most recent report, the cost of living in North Miami stands at 110, making it 10% 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.
Housing costs make up a big chunk of the cost of living in North Miami, and they usually eat into a large part of your take-home pay. Unfortunately, in this area, both buying a home and renting one costs 26.3% more than the average city. This includes stuff like home prices, rent, mortgage rates, and insurance.
Wondering if North Miami is affordable? It's a question that often comes up when you're thinking about a new city since affordability can really shape your decisions. The cost of living index (covered earlier), housing expenses and income levels all play a part in the affordability equation. In North Miami, for example, the median home price is 26.1% higher than what folks pay nationally, and monthly rent is 26.7% higher than the usual rates. Plus, income levels matter too, with North Miami boasting a median household income of $65,581, which is 19.4% lower 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.
Utilities: Like everything else, utilities costs can range significantly depending on factors like climate, energy sources available, location and even state regulations. Things like electricity, water, heating and waste disposal costs can be higher or lower, depending on the city or state. The utilities index in North Miami comes in at 11.2% higher than the national average.
Transportation: If public transportation is limited or not available, residents may need to own and maintain vehicles, which can add to the cost of living. Gas, insurance, regular maintenance and potentially lease or finance payments will all need to be paid on a monthly basis. In North Miami, the transportation index is 0% equal to the national average.
The cost of living estimates displayed for North Miami are modeled using a U.S. average baseline of 100, helping provide a useful comparison of local living expenses. Housing calculations include U.S. Census home price and rental data, while all other values are AI-assisted estimates based on regional cost patterns, climate, transportation, and everyday spending expectations. These values are intended for directional comparisons across cities.
| 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 | $93,326 | $7,777 | $2,177 | $2,800 |
| Renters | $48,559 | $4,047 | $1,133 | $1,457 |
| 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% |
| North Miami, FL | 64,069 | 110 | 10.4% |
| City | Population | Cost of Living Index | National Avg. |
| Hamilton, OH | 64,032 | 88 | 12.1% |
| Chapel Hill, NC | 64,145 | 133 | 33.2% |
| Pico Rivera, CA | 63,899 | 148 | 47.8% |
| Reston, VA | 63,840 | 150 | 49.8% |
| Fredericton, NB | 63,818 | n/a | |
| North Miami, FL | 64,069 | 110 | 10.4% |
Here are the best places to live in Florida
Safest States In The US
Safest Cities In The US
These are the largest cities in Florida