salaryRent is higher than in 84% of U.S. cities. Incomes are on the low side for rents this high, so budgets feel tight. A typical house costs about 7.4 years of household income, so buying is hard for most locals.
How much money do I need?
To rent here comfortably, you should earn about $97,640 a year. That is $47 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 385 of 479 cities from cheapest to most expensive.
How much do households earn in West Miami?
Share of households by yearly income. 23.0% of households earn $100,000 or more.
Rent by apartment size in West Miami
| Size | West Miami | U.S. average |
|---|---|---|
| Studio | $2,336 | $1,338 |
| 1 bedroom | $1,933 | $1,324 |
| 2 bedrooms | $2,576 | $1,509 |
| 3 bedrooms | $2,265 | $1,698 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is West 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 West Miami, so the Florida figure is shown.
Taxes and bills in West Miami
Life in West Miami
Is it cheaper to rent or buy in West Miami?
Renting is cheaper right now: about $951 a month less.
Owning assumes a typical $488,800 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $48,880 for the down payment.
Frequently asked questions
What is the average rent in West Miami, FL?
Renting in West Miami costs a median of about $2,441 a month in 2026, including utilities. The Florida median is $1,963.
How much do I need to make to live in West Miami?
To keep rent under 30% of income, you need about $97,640 a year, or $47 an hour at a full-time job.
Is West Miami cheap or expensive?
West Miami is rated Expensive: rent takes 44.3% of the typical household income of $66,084. It ranks 385th cheapest of 479 Florida cities we track.
How much are property taxes in West Miami?
The median homeowner in West Miami pays $3,958 a year in property taxes, about 0.81% of the median home value.
Is West 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 West Miami?
The median home value in West Miami is $488,800, about 7.4 times the typical yearly household income.
7,162 people live in West Miami. Numbers are typical (middle) values.