USSOUTHCOM/U.S. Army Garrison-Miami

Cost of Living


 The cost of living in Miami, FL is 21% higher than the state average and 18% higher than the national average. Miami, FL housing is 42% more expensive than the U.S average, while utilities are about 1% pricier.


Average Annual Per-Capita Cost in Florida

Housing and Utilities


Health Care


Food and Beverages (non-restaurant)


Gas and Energy Goods


All Other Personal Expenditures


That translates to about $4,224 per person, per month.

Housing Costs in Florida

Average Housing Costs in Florida: $1,137 to $1,981 per month

No matter where you live, one of your largest ongoing expenses will be paying for housing. Florida has nearly 10 million housing units, according to the 2021 census, so there’s an array of housing options throughout the state. How much do those housing options cost? Zillow listed the typical value of Florida homes at about $377,816 in February 2023, compared with a U.S. median existing-home sale price of $359,000 the previous month.

Here’s what monthly housing prices can look like in Florida, according to the latest census data from 2021:

•  Median monthly mortgage cost: $2,953

•  Median studio rent: $2,137

•  Median one-bedroom rent: 2,040

•  Median two-bedroom rent: $2,609

•  Median three-bedroom rent: $3,353

•  Median four-bedroom rent: $4,180

•  Median five-bedroom (or more) rent: $5,500

•  Median home price: $645,000

Housing prices vary throughout the state, so let’s examine the typical home values for 20 major Florida cities, per Zillow, in January 2023.

Florida City

Typical Home Price