Miami, FL

Cost of Living in Miami, FL (2026): Rent, Utilities & Take-Home

$4,282/mo in Miami. $1,696 left each month. Prices near the US average.

Compare vs Chicago Rank metros from MiamiHow we figure this

Monthly costs

Take-home $5,978/mo.

Taxes$1,526
Rent$2,073
Other living costs$2,209
Left over$1,696

Pay and tax, per year

Gross household pay: $90,057
Federal income tax: −$11,427
Social Security and Medicare: −$6,889
State income tax (FL): None
Take-home pay: $71,741
Effective tax rate: 20.3%

Living costs, per month

Rent, 1br: $2,073
Groceries: $444
Getting around: $599
Healthcare: $500
Utilities and internet: $278
Everything else: $389
Total spending: $4,282

Left over each month

$7,505 gross, minus $1,526 in tax and $4,282 in living costs.

$1,696

Average electric bill in Florida

About $137 a month for a household using 900 kWh. That is the EIA residential price for Florida in 2025, 15.21¢ per kWh. It is a state average, not a Miami utility bill, and the utilities line in the monthly costs above already includes a modelled power cost.

Cost of Living in Miami, FL (2026): Rent, Utilities & Take-Home

Monthly costs

Pay and tax, per year

Living costs, per month

Average electric bill in Florida

Moving from Miami

Take-home by job in Miami

Other Florida metros

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