Cost of Living in Miami-Dade County, Florida
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
These figures are county medians, not a personal budget. Use them to frame rent, ownership, and income tradeoffs, then account for household size, commute, financing, insurance, taxes, debt, and local availability before making a decision.
How Miami-Dade County Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Miami-Dade County ranks #3,023 of 3,142 counties for affordability (bottom 4%)
Sourced county brief
Miami-Dade County Median Gross Rent as Percentage of Income Reaches 38.2%
In Miami-Dade County, the official ACS B25071 median gross rent as a percentage of household income was 38.2% for the 2020-2024 period. This is 5.4 percentage points above the Florida unweighted county mean of 32.8%. The median gross rent was estimated at $1,829 per month, while the state unweighted county mean was $1,304. For owner-occupied units, the median selected monthly owner costs were $1,743, compared to the state unweighted county mean of $1,039. The median home value was $463,000, which is higher than the state unweighted county mean of $284,325. Among renters, the median household income was $53,660. These data points are based on the American Community Survey 5-Year Estimates. See ACS table B25071 for the underlying estimate.
Source record
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25064 Median Gross Rent
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25071 GRAPI
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25077 Median Home Value
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25088 Selected Monthly Owner Costs
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25119 Household Income by Tenure
Data version acs5-2020-2024 · Method cost-brief-v1
Cost of Living Advisory: Miami-Dade County
Affordability Verdict
ACS B25071 estimates median gross rent at 38.2% of renter household income in Miami-Dade County, which is between the 30% and 50% rent-burden benchmarks. This is a median percentage among renter-occupied units, not the share of households above a threshold.
Rent vs. Own
Median gross rent is $1,829 per month; median selected monthly owner costs are $1,743. These ACS medians describe different tenure groups and are not a personalized rent-versus-buy calculation.
Income Needed
Using the common 30% budgeting benchmark, $73,160 in annual gross income would allocate 30% to the county's median gross rent. This is a reproducible illustration, not evidence that a particular household can afford housing.
Regional Context
The Florida unweighted mean of county median rents is $1,304 per month. Miami-Dade County's $1,829 median is 40.3% above that comparison value.
Data version acs5-2020-2024 · Method cost-advisory-v2
Affordability Calculator
See how your income compares to housing costs in Miami-Dade County
Rent Burden
30.6%
of gross income
Max Housing (28% Rule)
$1,674
per month
Owner Cost Burden
29.2%
of gross income
The median home in Miami-Dade County may be a stretch
Median home value is $463,000. Estimated monthly cost: $3,696 vs. your max of $1,674.
Rent Affordability Guide
Income Needed Calculator
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Based on the 30% rule for rent and 28% rule for housing costs (mortgage + owner costs). Mortgage estimate assumes 20% down, 7.2% interest, 30-year fixed.
Frequently Asked Questions
What is the cost of living in Miami-Dade County, Florida?
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How does Miami-Dade County's rent compare to the state average?
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See Today's RatesData: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2020-2024). Data is informational only and is not personalized financial advice.
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