Florida city profile

What Is It Like to Live in Miami?

What it costs to live in Miami, and how it compares with other Florida cities, in plain numbers.

Value score

12

248th best value in Florida

How much you get for what you pay, versus other Florida cities.

Overall livability

22

233rd overall in Florida

Cost, safety, schools, jobs and quality of life combined.

Miami is home to about 440,807 people. A typical home runs $369,100 and a household earns around $47,900, a price-to-income ratio of 7.7. Among Florida's largest cities, it ranks 248th for value and 233rd overall. For context, the typical Miami home is about 7% below the statewide median of $397,000 and local household income is about 27% below the statewide median of $65,800.

Miami at a glance

Median home price

$369,100

247th in FL of 249

Median rent

$1,361/mo

Median household income

$47,900

Home price to income

7.7x

Unemployment

5.6%

156th in FL of 249

School rating

3/10

196th in FL of 249

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More Florida cities: Cape Coral, Fort Lauderdale, Hialeah, Jacksonville, Orlando, Port St. Lucie, St. Petersburg, Tallahassee, Tampa

Sources: Home prices and rent from Zillow; income, unemployment and commute from the U.S. Census; school ratings from state education data; crime from the FBI. City rankings are within Florida only. Updated 2026.