US Pricing Dataset
Cost of Living in Miami, FL: 2026 Price Guide
Published 01/25/2026
Quick Verdict
💰 Salary Needed to Live Here: You need to earn at least $75,000 to live comfortably in Miami. Rent takes up ~38% of income.
| Category | Monthly Cost | Notes |
|---|---|---|
| Rent (1-Bed Downtown) | $3,200.00 | High demand near Brickell and Downtown |
| Rent (1-Bed Suburbs) | $2,100.00 | Cheaper areas like Kendall |
| Groceries (Monthly) | $520.00 | Based on USDA Moderate Plan |
| Utilities (Average) | $240.00 | Includes Florida Power & Light rates |
| Internet (Fiber) | $70.00 | Standard 500Mbps plan |
| TOTAL | $6,130.00 | Estimated monthly total |
1. Housing Market: Miami vs. Suburbs
Rent prices in Miami remain elevated in 2026.
- The Premium Areas: Living in Brickell or Wynwood commands a premium, with 1-bedrooms averaging $3,200.
- The Budget Move: By moving 25 minutes out to Kendall, you can drop your rent to $2,100. This is the most common strategy for young professionals here.
2. Utility Costs & Humidity
Residents often underestimate the cost of air conditioning in Miami.
- Peak Season: In August, bills from Florida Power & Light (FPL) can spike to $290.
- Water/Trash: Usually adds another $50/month to your bill.
3. Transportation: Car vs. Public Transit
Miami is a car-dependent city.
- Car Insurance: Drivers in Florida pay approximately $230 per month due to high traffic and hurricane risk.
- Public Transit: The Metrorail system is limited. A monthly pass costs $112.50.
4. Food & Entertainment
- Groceries: Expect to spend $520 per month shopping at chains like Publix and Winn-Dixie.
- Dining Out: A dinner for two in Wynwood typically runs $60-$80.
FAQ: Living in Miami
Q: Is Miami expensive for singles? A: Compared to Orlando, it is more expensive. A single person needs roughly $3,900 post-tax.
Q: What is the main hidden cost? A: Parking fees and higher auto insurance.