salaryRent is higher than in 89% of U.S. cities. A typical house costs about 5.7 years of household income. Commutes are long, about 32.9 minutes each way.
How much money do I need?
To rent here comfortably, you should earn about $107,800 a year. That is $52 an hour at a full-time job.
Is rent cheaper than other Florida cities?
No. Rent here is more expensive than in most of Florida. It is number 427 of 479 cities from cheapest to most expensive.
How much do households earn in Miami Lakes?
Share of households by yearly income. 38.0% of households earn $100,000 or more.
Rent by apartment size in Miami Lakes
| Size | Miami Lakes | U.S. average |
|---|---|---|
| Studio | $1,785 | $1,338 |
| 1 bedroom | $1,958 | $1,324 |
| 2 bedrooms | $2,269 | $1,509 |
| 3 bedrooms | $2,796 | $1,698 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Miami Lakes overall?
Everyday prices in Florida overall are 3% above the U.S. average (index 103.4, U.S. = 100).
Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Miami Lakes, so the Florida figure is shown.
Taxes and bills in Miami Lakes
Life in Miami Lakes
Is it cheaper to rent or buy in Miami Lakes?
Renting is cheaper right now: about $1,651 a month less.
Owning assumes a typical $626,400 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $62,640 for the down payment.
Frequently asked questions
What is the average rent in Miami Lakes, FL?
Renting in Miami Lakes costs a median of about $2,695 a month in 2026, including utilities. The Florida median is $1,963.
How much do I need to make to live in Miami Lakes?
To keep rent under 30% of income, you need about $107,800 a year, or $52 an hour at a full-time job.
Is Miami Lakes cheap or expensive?
Miami Lakes is rated OK: rent takes 29.5% of the typical household income of $109,529. It ranks 427th cheapest of 479 Florida cities we track.
How much are property taxes in Miami Lakes?
The median homeowner in Miami Lakes pays $4,965 a year in property taxes, about 0.79% of the median home value.
Is Miami Lakes more expensive than the national average?
Overall prices in Florida are 3% above the U.S. average, according to the U.S. Bureau of Economic Analysis.
How much does a house cost in Miami Lakes?
The median home value in Miami Lakes is $626,400, about 5.7 times the typical yearly household income.
31,553 people live in Miami Lakes. Numbers are typical (middle) values.