Miami, OK Cost Of Living

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

Cost Of Living In Miami, OK Summary

Cost of living in Miami 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 Miami is expensive. An index value below 100 means the city is a relatively cheap place to live.

On a city-by-city basis in Oklahoma, 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 Miami is 80, with 100 being the average.

  • The cost of living index in Miami is 0.8x lower than the national average.

  • Miami ranks as the #14 cheapest in Oklahoma out of 74.

  • Miami ranks as the #211 cheapest out of 6,412 in the US.

  • The median home value in Miami is $84,300.

  • The median income in Miami is $39,248.

Table Of Contents

  1. Summary
  2. National Comparison
  3. Housing Breakdown
  4. Detailed Pricing
  5. Nearby Comparisons
80
Miami's Overall Cost Of Living
0.8x
Lower Than The National Average

What is the cost of living in Miami, OK?

According to the most recent data on the cost of living, Miami has an overall cost of living index of 80, which is 0.8x lower than the national index of 100.

Compared to Oklahoma, Miami has a cost of living index that's 0.9x lower than Oklahoma's index of 86.

The standard of living in Miami ranks as #14 most affordable out of the 74 places we measured in Oklahoma. By definition, that implies Miami ranks as the #60 most expensive place in the Sooner State.

For more reading on life in Miami, check out:

14 out of 74
In Oklahoma
211 out of 6,412
In America

Miami Cost Of Living Vs. Oklahoma

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

  • The Services index in Miami is 85.

  • The Groceries index in Miami is 91.

  • The Health index in Miami is 94.

  • The Housing index in Miami is 52.

  • The Transportation index in Miami is 88.

  • The Utilities index in Miami is 105.

Living Expense Miami Oklahoma National Average
Overall 80 86 100
Services 85 92 100
Groceries 91 94 100
Health 94 92 100
Housing 52 70 100
Transportation 88 90 100
Utilities 105 97 100
For more reading on cost of living around Oklahoma, check out:
Miami Cost of Living Vs. OK

Miami, OK Housing Cost Breakdown

Housing swings affordability the most between places in Oklahoma, 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 Miami is $84,300.

  • The Median Rent in Miami is $735.

  • The Median Income in Miami is $39,248.

  • The Home Value To Income in Miami is 2.1x.

  • The Rent To Monthly Income in Miami is 0.22x.

Statistic Miami Oklahoma United States
Median Home Value $84,300 $150,800 $244,900
Median Rent $735 $862 $1,163
Median Income $39,248 $56,956 $69,021
Home Value To Income 2.1x 2.6x 3.5x
Rent To Monthly Income 0.22x 0.18x 0.2x
Search Homes For Sale In Miami, OK
$84,300
Median Home Value
$735
Median Rent
$39,248
Median Income

Miami, OK Costs By Category

Detailed Miami Services Costs Vs. Oklahoma

Item Miami Oklahoma
Shampoo $1.0 $1.06
Movie $9.65 $10.68
Bowling $13.06 $14.67
Haircut $17.09 $18.62
Beauty Salon $25.2 $39.05

Detailed Miami Groceries Costs Vs. Oklahoma

Item Miami Oklahoma
Ground Beef $3.4 $4.22
Fried Chicken $1.03 $1.39
Milk $1.87 $2.05
Potatoes $2.88 $3.29
Pizza $9.49 $10.62
Beer $8.82 $9.38
Toothpaste $1.99 $2.34

Detailed Miami Health Costs Vs. Oklahoma

Item Miami Oklahoma
Optometrist $91.88 $108.57
Doctor $113.38 $116.17
Dentist $87.76 $99.13

Detailed Miami Transportation Costs Vs. Oklahoma

Item Miami Oklahoma
Gasoline $1.88 $2.22
Tire Balancing $49.75 $50.07

Detailed Miami Utilities Costs Vs. Oklahoma

Item Miami Oklahoma
All Electricity $175.51 $167.67
Phone $188.91 $175.64

Miami SnackAbility

5
/10
Overall SnackAbility
Jobs
6/10
Housing
4
Affordability
8
Diversity
9
Safety
4
Amenities
8
Education
5
Commute
9.5

Cost Of Living In Cities Around Miami

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

  • Joplin, MO has a cost of living index of 82, 1.0x Miami.

  • Centerton, AR has a cost of living index of 88, 1.1x Miami.

  • Carthage, MO has a cost of living index of 78, 1.0x Miami.

City Population Cost Of Living Vs. Miami
Joplin, MO 51,539 82 1.0x
Centerton, AR 17,455 88 1.1x
Carthage, MO 15,395 78 1.0x
Neosho, MO 12,439 77 1.0x
Pryor Creek, OK 9,439 83 1.0x
Carl Junction, MO 8,099 88 1.1x
Grove, OK 6,900 87 1.1x

Articles About Oklahoma

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