North Miami Beach, FL Cost Of Living

Demographics | Crime | Cost Of Living
Updated: 2023-11-15

Cost Of Living In North Miami Beach, FL Summary

Cost of living in North Miami Beach research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means North Miami Beach is expensive. An index value below 100 means the city is a relatively cheap place to live.

On a city-by-city basis in Florida, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:

  • The cost of living index in North Miami Beach is 101, with 100 being the average.

  • The cost of living index in North Miami Beach is 1.0x higher than the national average.

  • North Miami Beach ranks as the #268 cheapest in Florida out of 459.

  • North Miami Beach ranks as the #3,263 cheapest out of 6,412 in the US.

  • The median home value in North Miami Beach is $230,800.

  • The median income in North Miami Beach is $52,223.

Table Of Contents

  1. Summary
  2. National Comparison
  3. Housing Breakdown
  4. Detailed Pricing
  5. Nearby Comparisons
101
North Miami Beach's Overall Cost Of Living
1.0x
Higher Than The National Average

What is the cost of living in North Miami Beach, FL?

According to the most recent data on the cost of living, North Miami Beach has an overall cost of living index of 101, which is 1.0x higher than the national index of 100.

Compared to Florida, North Miami Beach has a cost of living index that's 1.0x lower than Florida's index of 101.

The standard of living in North Miami Beach ranks as #268 most affordable out of the 459 places we measured in Florida. By definition, that implies North Miami Beach ranks as the #191 most expensive place in the Sunshine State.

For more reading on life in North Miami Beach, check out:

268 out of 459
In Florida
3,263 out of 6,412
In America

North Miami Beach Cost Of Living Vs. Florida

Six factors go into calculating the cost of living index in North Miami Beach. Here is how it fairs on each of the criteria:

  • The Services index in North Miami Beach is 101.

  • The Groceries index in North Miami Beach is 117.

  • The Health index in North Miami Beach is 105.

  • The Housing index in North Miami Beach is 92.

  • The Transportation index in North Miami Beach is 108.

  • The Utilities index in North Miami Beach is 97.

Living Expense North Miami Beach Florida National Average
Overall 101 101 100
Services 101 98 100
Groceries 117 101 100
Health 105 96 100
Housing 92 108 100
Transportation 108 98 100
Utilities 97 100 100
For more reading on cost of living around Florida, check out:
North Miami Beach Cost of Living Vs. FL

North Miami Beach, FL Housing Cost Breakdown

Housing swings affordability the most between places in Florida, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:

  • The Median Home Value in North Miami Beach is $230,800.

  • The Median Rent in North Miami Beach is $1,312.

  • The Median Income in North Miami Beach is $52,223.

  • The Home Value To Income in North Miami Beach is 4.4x.

  • The Rent To Monthly Income in North Miami Beach is 0.3x.

Statistic North Miami Beach Florida United States
Median Home Value $230,800 $248,700 $244,900
Median Rent $1,312 $1,301 $1,163
Median Income $52,223 $61,777 $69,021
Home Value To Income 4.4x 4.0x 3.5x
Rent To Monthly Income 0.3x 0.25x 0.2x
Search Homes For Sale In North Miami Beach, FL
$230,800
Median Home Value
$1,312
Median Rent
$52,223
Median Income

North Miami Beach, FL Costs By Category

Detailed North Miami Beach Services Costs Vs. Florida

Item North Miami Beach Florida
Shampoo $1.11 $1.06
Movie $13.23 $10.68
Bowling $22.13 $14.67
Haircut $14.37 $18.62
Beauty Salon $70.0 $39.05

Detailed North Miami Beach Groceries Costs Vs. Florida

Item North Miami Beach Florida
Ground Beef $4.27 $4.22
Fried Chicken $1.73 $1.39
Milk $3.16 $2.05
Potatoes $3.86 $3.29
Pizza $9.1 $10.62
Beer $10.98 $9.38
Toothpaste $1.87 $2.34

Detailed North Miami Beach Health Costs Vs. Florida

Item North Miami Beach Florida
Optometrist $105.63 $108.57
Doctor $111.06 $116.17
Dentist $107.78 $99.13

Detailed North Miami Beach Transportation Costs Vs. Florida

Item North Miami Beach Florida
Gasoline $2.24 $2.22
Tire Balancing $60.69 $50.07

Detailed North Miami Beach Utilities Costs Vs. Florida

Item North Miami Beach Florida
All Electricity $162.18 $167.67
Phone $188.17 $175.64

North Miami Beach SnackAbility

5
/10
Overall SnackAbility
Jobs
5/10
Housing
8.5
Affordability
3
Diversity
10
Safety
4
Amenities
10
Education
6
Commute
4

Cost Of Living In Cities Around North Miami Beach

The cost of living varies in the cities and towns around North Miami Beach. Here's a quick look at the cost of living in the most populous nearby places:

  • Pembroke Pines, FL has a cost of living index of 113, 1.1x North Miami Beach.

  • Davie, FL has a cost of living index of 111, 1.1x North Miami Beach.

  • Weston, FL has a cost of living index of 137, 1.4x North Miami Beach.

City Population Cost Of Living Vs. North Miami Beach
Pembroke Pines, FL 170,346 113 1.1x
Davie, FL 104,782 111 1.1x
Weston, FL 68,148 137 1.4x
North Miami, FL 60,449 100 1.0x
Tamiami, FL 54,525 116 1.1x
Coral Gables, FL 49,269 164 1.6x
Aventura, FL 39,734 122 1.2x
Golden Glades, FL 33,930 101 1.0x
Miami Lakes, FL 30,582 125 1.2x
Coral Terrace, FL 25,869 117 1.2x

Articles About Florida

Enjoy The Snack?