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What does your salary buy in Miami?

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Cost of Living in Miami, U.S.A.

Gateway to Latin America. Finance, tech, real estate. No state income tax.

Currency
USD ($)
English Level
Excellent
Healthcare
Private (employer-based)

Rental Prices in Miami

1-Bedroom Apartment
$1,700 - $3,300
per month
2-Bedroom Apartment
$2,200 - $4,100
per month

* Prices shown are second-hand rental market rates, typical for expats.9 neighborhoods tracked. Source: HUD Fair Market Rents (2025/2026).

Monthly Living Costs

Groceries
$550
Transport
$112
Utilities
$314
Dining Out
$330

Data from official statistics and local surveys.

Popular Neighborhoods

Brickell
Miami's financial district. Sleek high-rises, waterfront dining, and young professional scene.
5 min metro•$2,700+/mo
South Beach
Iconic Art Deco district. World-famous beach, Ocean Drive nightlife, and celebrity spotting.
20 min bus•$2,900+/mo
Wynwood
World-famous arts district. Street murals, galleries, breweries, and warehouse conversions.
10 min bus•$2,500+/mo
Coconut Grove
Historic bohemian village. Lush tree canopy, waterfront parks, and laid-back lifestyle.
15 min metro•$2,600+/mo
Coral Gables
Mediterranean-style planned community. Tree-lined boulevards, Miracle Mile shopping, and UM campus.
20 min metro•$2,400+/mo
Little Havana
Vibrant Cuban cultural hub. Calle Ocho, domino parks, authentic Latin cuisine, and colorful murals.
15 min bus•$1,700+/mo

Work Visa

H-1B for specialty occupations (lottery). L-1 for intra-company transfer. O-1 for extraordinary ability.

Processing: 3-12 months (H-1B lottery in April)

Relocation Costs

Usually first+last month + security deposit. Credit check required (~$25-50). No agent fees in most markets.

Typical deposit: 2 months rent

Enter your salary above to see a personalized breakdown of your finances in Miami

Our calculator shows net income after taxes, affordable neighborhoods, and savings potential

Data last updated: January 2026•View methodology

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Guides for Miami

  • US Health Insurance for Expats: What You Need to KnowNavigate the complex American healthcare system. Learn about insurance options, costs, and how to get coverage as an expat moving to the USA.
    Healthcare9 min read
  • Moving Abroad Checklist: Everything You Need to DoThe complete checklist for relocating internationally - from 6 months before to your first week abroad. Documents, finances, housing, and more.
    Planning14 min read
View all guides →

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Avg. 1BR: $2,811/mo
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Avg. 1BR: $3,500/mo

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LondonGlobal financial and tech hub
Avg. 1BR: £2,111/mo
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Frequently Asked Questions about Miami

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Updated Jan 2026

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© 2026 AffordWhere. Estimates only, not financial advice.

2026 tax rules • Jan 2026 rent data