Cost of living, Miami
114.2
BEA Regional Price Parity vs US average of 100 (2024). Miami sits about 14.2% above national prices.
BLS OEWS median, May 2025, as of May 15, 2026. BEA RPP all-items, 2024. Disclaimer
- vs US
- +14.2%
- Metro
- Miami
- CBSA
- 33100
Miami all-items RPP is 114.2 (2024), about 14.2% above US-average prices. A $90,000 salary at national prices maps to about $102,780 here for equal purchasing power.
Price components in Miami
| Component | Miami | US |
|---|---|---|
| All items | 114.2 | 100 |
| Goods | 103.6 | 100 |
| Housing (rents) | 155.6 | 100 |
| Other services | 109.1 | 100 |
BEA Regional Price Parities 2024, US = 100.
What a US-average salary buys in Miami
| At US average | In Miami |
|---|---|
| $60,000 | $68,520 |
| $90,000 | $102,780 |
| $150,000 | $171,300 |
Local equivalent = national salary × (114.2 ÷ 100). BEA RPP 2024.
Top wages here
FAQ
- What is the cost of living in Miami?
- The BEA Regional Price Parity (all items, 2024) for Miami-Fort Lauderdale-West Palm Beach, FL is 114.2, versus a US average of 100 (+14.2%).
- How is RPP different from CPI?
- CPI tracks price change over time. RPP compares price levels across places in a given year versus the national average of 100. PayByCity uses RPP for cross-metro purchasing power, including goods, housing rents, and other services components.
- How should I use this with OEWS wages?
- Pair local BLS OEWS medians (May 2025) with this RPP. A $90,000 salary at US-average prices maps to about $102,780 in Miami for equal purchasing power.
- Does this include taxes or housing alone?
- No. All-items RPP is a broad price-level index. Component indexes show goods, rents, and other services separately, but this is not a rent quote, tax estimate, or household budget.
What this covers
Includes
- BEA Regional Price Parities (all items, goods, housing rents, other services)
- BLS OEWS median wages, percentile bands, and employment where published
- Purchasing-power math: salary × (destination RPP ÷ origin RPP)
Does not include
- Federal, state, or local income taxes
- Childcare, healthcare premiums, or leave benefits
- Job openings. OEWS employment is a published stock estimate, not hiring demand
Highest wages here
- Physicians, All Other , 7,890 OEWS emp. $232,960
- Computer and Information Systems Managers , 9,190 OEWS emp. $169,600
- Architectural and Engineering Managers , 1,610 OEWS emp. $167,160
- Financial Managers , 14,540 OEWS emp. $164,230
- Lawyers , 23,270 OEWS emp. $160,320
- Human Resources Managers , 3,550 OEWS emp. $142,940
See methodology and disclaimer.