Cost of Living in Miami-Dade County, FL

What does it cost to live in Miami-Dade County? Income, housing, and affordability breakdown.

Median Income

$64,215

Median Rent

$1,623/mo

Median Home

$387,000

Affordability

227

Housing Cost Breakdown

Owning (20% down, 6.5%)

Mortgage (P&I)$1,957
Property Tax$274
Insurance$129

Total Monthly$2,360
% of Income44.1%

Renting

Median Rent$1,623
Renter's Insurance$25

Total Monthly$1,648
% of Income30.3%

Living in Miami-Dade County, Florida

Miami-Dade County has a median household income of $64,215 with housing costs that represent 44.1% of income for owners and 30.3% for renters. Housing costs exceed the recommended 30% threshold, suggesting affordability challenges.

The affordability index of 227 (100 = median income perfectly covers median housing costs) gives a quick snapshot. Use our calculator for a comprehensive comparison across counties, including taxes, utilities, healthcare, and commute costs.

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Other Counties in Florida

County-level data from U.S. Census Bureau American Community Survey (ACS) 2022 5-Year Estimates. Additional sources: Bureau of Labor Statistics, Bureau of Economic Analysis. Estimates are county-level medians. This is not financial advice.