States › Florida › Miami Springs

Is Miami Springs, FL expensive to live in?

OKRent takes 24 cents of every $1 people earn here.
🏠 Rent per month (2026)$1,8918% higher than U.S. average
💵 Families earn per year (2026)$93,936about $7,828/month · 8% higher than U.S. average
🔑 House price$560,80069% higher than U.S. average

Rent is higher than in 63% of U.S. cities. A typical house costs about 6.0 years of household income.

How much money do I need?

To rent here comfortably, you should earn about $75,640 a year. That is $36 an hour at a full-time job.

Is rent cheaper than other Florida cities?

Yes. Rent here is cheaper than in most of Florida. It is number 200 of 479 cities from cheapest to most expensive.

Miami Springs
$1,891
Celebration
$2,353
Villas
$2,172
Hobe Sound
$1,070
Iona
$1,930
Palmetto
$2,179
Lakewood Park
$1,269

How much do households earn in Miami Springs?

Under $25k
15.5%
$25k–50k
17.0%
$50k–100k
33.7%
$100k–150k
11.5%
$150k+
19.3%

Share of households by yearly income. 30.8% of households earn $100,000 or more.

Rent by apartment size in Miami Springs

SizeMiami SpringsU.S. average
Studio$1,276$1,338
1 bedroom$1,347$1,324
2 bedrooms$2,007$1,509
3 bedrooms$2,830$1,698

Median monthly rent plus utilities for all renters, by number of bedrooms.

How expensive is Miami Springs overall?

Everyday prices in Florida overall are 3% above the U.S. average (index 103.4, U.S. = 100).

Housing
122
Goods (food, clothes…)
98
Utilities
90
Other services
101
U.S. average
100

Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Miami Springs, so the Florida figure is shown.

Taxes and bills in Miami Springs

🏛️ Property tax$5,676a year · 1.01% of home value · U.S. $3,119
⚡ Electric bill$164a month (typical) · U.S. $156

Life in Miami Springs

Commute to work28.2 minU.S.: 26.4 min
College degree40.8%U.S.: 35.7%
Own their home61.1%U.S.: 65.2%
Below poverty line10%U.S.: 12.5%
Unemployment1.7%U.S.: 5.2%

Is it cheaper to rent or buy in Miami Springs?

Renting is cheaper right now: about $2,000 a month less.

Renting
$1,891
Owning
$3,891

Owning assumes a typical $560,800 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $56,080 for the down payment.

Frequently asked questions

What is the average rent in Miami Springs, FL?

Renting in Miami Springs costs a median of about $1,891 a month in 2026, including utilities. The Florida median is $1,963.

How much do I need to make to live in Miami Springs?

To keep rent under 30% of income, you need about $75,640 a year, or $36 an hour at a full-time job.

Is Miami Springs cheap or expensive?

Miami Springs is rated OK: rent takes 24.2% of the typical household income of $93,936. It ranks 200th cheapest of 479 Florida cities we track.

How much are property taxes in Miami Springs?

The median homeowner in Miami Springs pays $5,676 a year in property taxes, about 1.01% of the median home value.

Is Miami Springs 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 Springs?

The median home value in Miami Springs is $560,800, about 6.0 times the typical yearly household income.

13,726 people live in Miami Springs. Numbers are typical (middle) values.