salaryRent is higher than in 75% of U.S. cities. Incomes are on the low side for rents this high, so budgets feel tight. A typical house costs about 5.9 years of household income. Commutes are long, about 31.8 minutes each way. Most households rent (57%), so there are plenty of rental options.
How much money do I need?
To rent here comfortably, you should earn about $86,280 a year. That is $41 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 305 of 479 cities from cheapest to most expensive.
How much do households earn in North Miami?
Share of households by yearly income. 14.0% of households earn $100,000 or more.
Rent by apartment size in North Miami
| Size | North Miami | U.S. average |
|---|---|---|
| Studio | $1,426 | $1,338 |
| 1 bedroom | $1,619 | $1,324 |
| 2 bedrooms | $1,938 | $1,509 |
| 3 bedrooms | $2,685 | $1,698 |
| 4 bedrooms | $2,371 | $2,098 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is North Miami 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 North Miami, so the Florida figure is shown.
Taxes and bills in North Miami
Life in North Miami
Is it cheaper to rent or buy in North Miami?
Renting is cheaper right now: about $376 a month less.
Owning assumes a typical $365,000 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $36,500 for the down payment.
Frequently asked questions
What is the average rent in North Miami, FL?
Renting in North Miami costs a median of about $2,157 a month in 2026, including utilities. The Florida median is $1,963.
How much do I need to make to live in North Miami?
To keep rent under 30% of income, you need about $86,280 a year, or $41 an hour at a full-time job.
Is North Miami cheap or expensive?
North Miami is rated Expensive: rent takes 42.0% of the typical household income of $61,677. It ranks 305th cheapest of 479 Florida cities we track.
How much are property taxes in North Miami?
The median homeowner in North Miami pays $2,464 a year in property taxes, about 0.68% of the median home value.
Is North Miami 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 North Miami?
The median home value in North Miami is $365,000, about 5.9 times the typical yearly household income.
60,344 people live in North Miami. Numbers are typical (middle) values.