Cost of Living in Miami

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In comparison to other major cities in the USA such as Boston, New York and Los Angeles, the cost of living in Miami is significantly lower. That said, expats will still have to keep an eye on their budget as certain expenses in Miami can be somewhat high. 


Cost of accommodation in Miami

While accommodation in Miami is generally cheaper than elsewhere in the US, expats should bear in mind that there are very few living options in Miami for people on a tight budget. 


Cost of entertainment in Miami

Entertainment in Miami is often relatively expensive, especially in popular areas such as South Beach.

There are, however, plenty of affordable things for expats to do in Miami, such as spending a day exploring the city's botanical gardens, hiking in the Everglades National Park or perfecting one's tan on the beach.


Cost of transport in Miami

The cost of public transport in Miami is reasonable, although most expats tend to own a car for convenience. As such, expats planning a move to the city would do well to budget for the cost of buying a vehicle.


Cost of education in Miami

Expats can attend public schools free of charge, many of which offer a good standard of education. Parents who wish to send their children to a private or international school in the city should note that school fees can be high.


Cost of living in Miami chart 

Prices may vary depending on product and service provider. The list below shows average prices for June 2018.

Accommodation (monthly rent)

Three-bedroom apartment in city centre

3,000 USD

Three-bedroom apartment outside of city centre

2,500 USD

One-bedroom apartment in city centre

1,800 USD

One-bedroom apartment outside of city centre

1,000 USD

Shopping

Eggs (dozen)

2.60 USD

Milk (1 litre)

1 USD

Rice (1kg)

4 USD

Loaf of white bread

3 USD

Chicken breasts (1kg)

7 USD

Pack of cigarettes (Marlboro)

7 USD

Eating out

Big Mac Meal

7 USD

Coca-Cola (330ml)

2 USD

Cappuccino 

4 USD

Bottle of local beer 

4 USD

Three-course meal for two at a mid-range restaurant

75 USD

Utilities

Mobile-to-mobile call rate (per minute)

0.20 USD

Internet (uncapped ADSL or cable – average per month) 

60 USD

Basic utilities (per month for small apartment)

130 USD

Transportation

Taxi rate (per kilometre)

2 USD

Bus/train fare in the city centre 

2.25 USD

Petrol/gasoline (per litre)

0.70 USD

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