Cost of Living in Miami Beach, FL
Population: 81,319 • 2026 Data
$67,014
Median Household Income
-13% vs national
$1,733
Median Monthly Rent
+29% vs national
$542,000
Median Home Value
+60% vs national
3.9%
Unemployment Rate
Housing in Miami Beach
The median home value in Miami Beach, FL is $542,000. Monthly rent for a typical unit averages $1,733, while total monthly housing costs (including utilities and insurance) average $1,790.
Rent-to-income ratio: 31.0%. This exceeds the recommended 30% threshold, indicating housing costs may be a burden for median-income households.
Income and Employment
The median household income in Miami Beach, FL is $67,014. The unemployment rate stands at 3.9%, with a labor force of 47,740 people.
Data Sources
All data from the US Census Bureau American Community Survey 5-Year Estimates. National median figures used for comparison context.