Cost of Living: Miami, FL vs Miami Lakes, FL
Quick rent-and-take-home comparison
Using a baseline of $70,000/yr gross, take-home is about $4,516/mo in Miami, FL versus $4,516/mo in Miami Lakes, FL. In the model, rent is about 24.14% of gross in Miami, FL versus 29.49% in Miami Lakes, FL, so Miami, FL tends to feel more affordable for rent.
Compare cost of living, rent, housing prices, and salary affordability between Miami, FL and Miami Lakes, FL.
At a glance
- Cheaper overall (lower cost-of-living index): Miami Lakes, FL
- Lower rent (median 1BR/2BR): Miami, FL
- Lower home prices: Miami, FL
- Higher median household income: Miami Lakes, FL
Cost of Living Index
Miami, FL: 118.4 (U.S. = 100) · Miami Lakes, FL: 100 (U.S. = 100)
Miami Lakes, FL has a lower cost-of-living index than Miami, FL, so a given salary generally stretches further there.
Median Rent
Miami, FL: $1,574/mo (midpoint of 1BR/2BR) · Miami Lakes, FL: $1,923/mo
Median rent in Miami Lakes, FL is $349/mo higher than in Miami, FL.
Median Home Price
Miami, FL: $475,200 · Miami Lakes, FL: $577,300
Median home price in Miami Lakes, FL is $102,100 higher than in Miami, FL.
Median Household Income
Miami, FL: $59,390 · Miami Lakes, FL: $97,255
Miami Lakes, FL has a higher median household income than Miami, FL by $37,865.
Miami, FL overview · Miami Lakes, FL overview · Popular comparisons