Summary about cost of living in Miami, FL, United States: Family of four estimated monthly costs are 3,845$ without rent. A single person estimated monthly costs are 1,060$ without rent. Miami is 22.67% less expensive than New York (without rent).
Experts blame a combination of factors, including the relative youth of local industry, a thin corporate bench, business-friendly taxes and a low-wage mentality more pervasive than in even other right-to-work states. Together, it adds up to what the University of Miami’s John Quelch agrees is a “Miami Discount.” Jun 5, 2019
Hourly Rate Salary in Miami, FL Annual Salary Hourly Wage Top Earners $59,346 $29 75th Percentile $46,052 $22 Average $40,847 $20 25th Percentile $27,536 $13