Your complete guide to relocating to the Magic City
Population
442,000
Average Move Cost
$1,800 - $2,500
Cost of Living
15% above avg
Median Home Price
$550,000
Miami's cost of living is approximately 15% higher than the national average. Housing costs are the primary driver, with median home prices around $550,000. However, there's no state income tax, which can offset some costs.
Rent: $2,200/month avg | Home: $550K median
$150-200/month (higher in summer for AC)
Car recommended | Gas: ~$3.50/gallon
Slightly above national average
Downtown/Financial District
Vibe: Urban, upscale, walkable
Best for: Young professionals, no state income tax benefit
Historic Waterfront
Vibe: Bohemian, family-friendly, artsy
Best for: Families, artists, waterfront lovers
Arts District
Vibe: Trendy, creative, nightlife
Best for: Artists, young professionals, nightlife
Suburban
Vibe: Upscale, family-oriented, historic
Best for: Families, professionals, quiet living