Cost of Living in Miami Gardens, FL

Miami-Dade County · 2026 Data · 6 nearby cities in county

COL Index
103
vs FL Avg
-2
Median Income
$47K

Cost of Living Breakdown

Overall Cost of Living
104vs 100 US avg
Below avg
Near avg
Above avg
High
Housing
US avg = 100103
Groceries
US avg = 100103
Healthcare
US avg = 100100
Transportation
US avg = 100107
Utilities
US avg = 100105

Housing & Income in Miami Gardens

Median Home Price
$390,000
Estimated market price
Median Monthly Rent
$1,850
All unit types
Median Household Income
$47,000
Annual, pre-tax
Est. Monthly Payment
$1,917
20% down, 30yr fixed
Property Tax Rate
1.1%
~$4,290/yr
Price-to-Rent Ratio
17.6x
<15 favors buying

About Living in Miami Gardens

Miami Gardens is home to Hard Rock Stadium and a diverse community offering more affordable entry into the Miami metro housing market.

With a cost of living index of 103, Miami Gardens is 3% above the US average and 2 points below the Florida average of 105. The median household income of $47,000 supports a home-price-to-income ratio of 8.3x — above the recommended 4–5x threshold.

FAQ

Common questions about cost of living in Miami Gardens

What is the cost of living in Miami Gardens, FL?

Miami Gardens's overall cost of living index is 103 compared to the US average of 100. Housing (103) is the main driver, with groceries at 103, healthcare at 100, transportation at 107, and utilities at 105.

Is Miami Gardens affordable to live in?

Miami Gardens is near the national average with a COL index of 103. It offers a balance of amenities and affordability. Median rent is $1,850/mo.

How does Miami Gardens compare to the Florida average?

Miami Gardens's COL index of 103 is 2 points below the Florida average of 105. It's one of Florida's more budget-friendly options.