Cost of LivingUpdated 2026-03-23

Miami, Florida

In Miami, Florida, a gallon of regular gas costs $3.93 as of 2026-03-23 — $0.48 above the national average of $3.45. The average monthly rent for all unit types is $2,400, compared to the national average of $1,900. Grocery inflation is running at 2.58% year-over-year. Since 2022, bread prices have increased significantly while egg prices have been volatile due to avian flu outbreaks. Miami's cost-of-living index of 118 puts it above the national average of 100.

Key Numbers

Gas (Regular)

$3.93

National: $3.45

0.3%vs. 2022
AAA Gas Prices

Avg Rent (All)

$2,400

National: $1,900

14.0%vs. 2022

Grocery Inflation

2.58%

Year-over-year

BLS/FRED CPI

Fast Food Avg

$14.00

Combo meal

4.8%YoY

Electricity

14.2¢/kWh

~$128/mo avg bill

12.3%vs national avg
EIA Residential

Car Insurance

$265/mo

$3,180/yr state avg

47.9%vs national avg
Bankrate/NAIC

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Grocery Prices

Grocery Item Prices — 2022 to Present

Item20222023202420252026Change
Eggs (dozen)Bird flu volatility$1.98$2.36$2.99$4.38$2.46+2960.0%
Milk (gallon)$4.00$4.24$4.11$4.28$4.37+630.0%
Ground Beef (lb)$4.60$5.76$6.17$6.54$6.60+43.5%
Bread (loaf)$2.39$3.26$3.49$3.70$3.74+1900.0%
Chicken Breast (lb)$4.18$4.39$4.52$4.66$4.75+2630.0%
Butter (lb)$4.56$5.11$5.37$5.53$5.75+26.1%
Bacon (lb)$7.28$7.94$8.25$8.58$8.93+22.7%
Cheddar Cheese (lb)$6.30$7.00$7.13$7.34$7.64+21.3%
Pasta (lb)$1.66$2.07$2.22$2.29$2.29+38.0%
Rice (5 lb)$4.89$5.57$5.85$6.09$6.09+24.5%
Coffee (12 oz)$9.62$11.54$12.59$13.48$14.16+47.2%
Orange Juice (64 oz)Citrus shortage$4.13$4.97$5.41$5.85$6.21+50.4%
Potatoes (5 lb)$4.44$4.71$5.00$5.25$5.46+23.0%
Apples (3 lb)$5.19$5.34$5.55$5.60$5.83+12.3%
Tomatoes (lb)$2.41$2.75$2.92$3.07$3.23+34.0%
Lettuce (head)$2.08$2.29$2.45$2.52$2.57+23.6%
Cooking Oil (48 oz)$6.16$7.62$8.15$8.56$8.82+43.2%
Yogurt (32 oz)$4.75$5.18$5.38$5.65$5.88+23.8%
Cereal (family size)$5.54$6.37$6.68$7.02$7.09+28.0%
Frozen Pizza$6.74$8.01$8.56$8.98$9.16+35.9%

Dining & Restaurants

Fast Food Meal

$14.00

Casual Dining

$31.85

Monthly Spend

$568.11

+4.8% YoY

Chain Restaurant Meal Prices — 2022 vs. Today

Combo meal / typical order for one

McDonald's

2022: $11.01

$17.75

+61.2%

Wendy's

2022: $12.42

$19.17

+54.3%

Chipotle

2022: $13.31

$19.88

+49.4%

Starbucks

2022: $5.75

$7.98

+38.8%

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