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Metropolitan Statistical Area

Cost of living in the Miami Metro Area

3 counties across FL. Population: 6,138,876.

Avg. 1-bed rent
$1,891/mo
Avg. household income
$73,595/yr
Avg. home value
$406,690
Avg. monthly cost
$3,789/mo

Last updated May 22, 2026

Rent in the Miami Metro Area

Average rent across the Miami-Fort Lauderdale-West Palm Beach metro area, weighted by county population.

Studio
$1,711
per month
1 bedroom
$1,891
per month
2 bedroom
$2,313
per month
3 bedroom
$3,062
per month
4 bedroom
$3,653
per month

Source: HUD FMR + ACS (population-weighted metro average)

Income and earnings in the Miami Metro Area

Earnings data averaged across all 3 counties.

Household income
$73,595
per year
Individual earnings
$40,266
per year
Per capita
$42,369
per year

Source: ACS (population-weighted metro average)

Home values in the Miami Metro Area

Average home values and annual property tax across the metro.

Average home value
$406,690
Average annual property tax
$3,566

Source: ACS (population-weighted metro average)

Energy costs in the Miami Metro Area

Residential electricity and natural gas estimates.

Monthly electricity
$176
per month
Monthly gas
$21
per month
Annual total
$2,364
per year

Source: EIA (state averages applied per county, weighted)

All 3 counties in the Miami Metro Area

The Miami-Fort Lauderdale-West Palm Beach metro area includes 3 counties. Sorted by population.

Compare counties in the Miami Metro Area

Put two counties side by side to see how rent, taxes and everyday costs stack up across the metro.

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Frequently asked questions about the Miami Metro Area

Common questions about cost of living in the metro area.

What is the cost of living in the Miami Metro Area?

The estimated average cost of living in the Miami-Fort Lauderdale-West Palm Beach metro area is approximately $3,789 per month for a single person. This is a population-weighted average across the 3 counties that make up the metro area.

What is the average rent in the Miami Metro Area?

The average one-bedroom rent across the Miami-Fort Lauderdale-West Palm Beach metro area is $1,891 per month, based on HUD Fair Market Rent data weighted by county population.

What is the cheapest county in the Miami Metro Area?

Palm Beach County, FL is the most affordable county in the Miami-Fort Lauderdale-West Palm Beach metro area at approximately $3,761 per month for a single person.

What is the most expensive county in the Miami Metro Area?

Broward County, FL is the most expensive county in the Miami-Fort Lauderdale-West Palm Beach metro area at approximately $3,847 per month for a single person.

How many counties are in the Miami Metro Area?

The Miami-Fort Lauderdale-West Palm Beach metro area covers 3 counties. The five largest by population are Miami, Fort Lauderdale, West Palm Beach.

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About this data

All figures come from official U.S. government sources. Metro-area averages are population-weighted across constituent counties using Census ACS population estimates.