Cost of Living in North Miami, FL
Population: 59,429 • 2026 Data
$51,909
Median Household Income
-33% vs national
$1,543
Median Monthly Rent
+14% vs national
$326,300
Median Home Value
-4% vs national
5.4%
Unemployment Rate
Housing in North Miami
The median home value in North Miami, FL is $326,300. Monthly rent for a typical unit averages $1,543, while total monthly housing costs (including utilities and insurance) average $1,520.
Rent-to-income ratio: 35.7%. 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 North Miami, FL is $51,909. The unemployment rate stands at 5.4%, with a labor force of 29,789 people.
Data Sources
All data from the US Census Bureau American Community Survey 5-Year Estimates. National median figures used for comparison context.