Cost of LivingUpdated 2026-04-01

Miami, Florida

In Miami, Florida, a gallon of regular gas costs $4.22 as of 2026-04-01 — $0.16 above the national average of $4.06. The average monthly rent for all unit types is $2,654, compared to the national average of $1,900. Grocery inflation is running at 5.27% 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)

$4.22

National: $4.06

222.1%since 2000
AAA Gas Prices

Avg Rent (All)

$2,654

National: $1,900

43.7%since 2000
Zillow ZORI Metro (2026-02)

Grocery Inflation

5.27%

Year-over-year

BLS/FRED CPI

Fast Food Avg

$14.00

Combo meal

4.8%YoY

Electricity

15.92¢

per kWh · ~$143/mo

8.4%vs US avg
EIA Residential

Car Insurance

$265/mo

$3,180/yr

47.9%vs national avg
Bankrate/NAIC

Median Household Income

$68,694

56% goes to essentials

56.0%cost burden
Census ACS 2023
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Car Insurance

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Find Apartments

Avg rent $2,654/mo in Miami. Browse listings:

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Grocery Prices

Grocery Prices — 2000 to Present

National BLS averages · submit local prices below ↓

Eggs (dozen)

Bird flu volatility

$2.58 BLS avg

+156.4%

Milk (gallon)

$4.10 BLS avg

+44.6%

Ground Beef (lb)

$6.75 BLS avg

+354.4%

Bread (loaf)

$1.84 BLS avg

+104.0%

Chicken Breast (lb)

$2.04 BLS avg

+93.5%

Butter (lb)

$5.75 BLS avg

+26.1%

Bacon (lb)

$8.93 BLS avg

+22.7%

Cheddar Cheese (lb)

$7.64 BLS avg

+21.3%

Pasta (lb)

$2.29 BLS avg

+38.0%

Rice (5 lb)

$6.09 BLS avg

+24.5%

Coffee (12 oz)

$14.16 BLS avg

+47.2%

Orange Juice (64 oz)

Citrus shortage

$6.21 BLS avg

+50.4%

Potatoes (5 lb)

$5.46 BLS avg

+23.0%

Apples (3 lb)

$5.83 BLS avg

+12.3%

Tomatoes (lb)

$3.23 BLS avg

+34.0%

Lettuce (head)

$2.57 BLS avg

+23.6%

Cooking Oil (48 oz)

$8.82 BLS avg

+43.2%

Yogurt (32 oz)

$5.88 BLS avg

+23.8%

Cereal (family size)

$7.09 BLS avg

+28.0%

Frozen Pizza

$9.16 BLS avg

+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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Looking for an Apartment in Miami?

Average 1BR: $2,176/mo · 2BR: $3,132/mo

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Local Workforce

2024 · BLS QCEW

Total Jobs

1258k

Median Weekly Pay

$1,492

$78k/yr

Top Sector

Trade, Transportation & Utilities

Household vs Worker Pay

$69k

household median

Employment by Sector — Miami

% of local workforce · avg weekly wage · 5-year growth trend

Trade, Transportation & Utilities
+6.2% 5yr$1,326/wk
24.6%

~$69k/yr

Education & Health Services
+13.9% 5yr$1,301/wk
16.9%

~$68k/yr

Professional & Business Services
+12.4% 5yr$1,901/wk
14.8%

~$99k/yr

Leisure & Hospitality
+4.9% 5yr$933/wk
12.0%

~$49k/yr

Financial Activities
+13.1% 5yr$2,715/wk
6.9%

~$141k/yr

Source: BLS QCEW 2024 Annual · County FIPS 12086

Highest Paying Sector

Financial Activities

$2,715/wk · $141k/yr

Most Workers (lowest wage)

Leisure & Hospitality

$933/wk · $49k/yr

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