Cost of Living in Miami Lakes, FL
Population 30,731 · Florida · Data vintage 2023
(100 = US avg)
Home prices in Miami Lakes run well above the national baseline, with a median of $577,000, though local incomes keep the cost-to-earnings ratio tighter than in coastal metros with comparable sticker prices. Median household earnings of $97,255 place the city among the better-paid Florida metros.
Located <5 miles north of Hialeah, Miami Lakes falls within that metro's commuting orbit. Median home values run roughly 61% higher than Hialeah's $359,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Miami Lakes
The median home value in Miami Lakes is $577,300 — 89% above the national median of $305,000. Median rent runs $2,024/month, 54% higher than the national median of $1,314/month. The median household income of $97,255/year is 30% higher than the US median of $74,580. The local unemployment rate is 3.5%, below the national average of 4.8%. Florida charges no state income tax, a meaningful advantage for take-home pay. The climate averages highs of 84.6°F and lows of 69.2°F. Overall, Miami Lakes has a cost of living index of 175 versus the US average of 100, meaning it is 75% more expensive.
🏠 Housing
HUD Fair Market Rents by Bedroom
💰 Estimated Monthly Budget
Estimates based on median data and national averages. Actual costs vary.
🛒 Food & Groceries
National BLS average prices (2023). Local prices may vary.
🚗 Transportation
Commute Mode
⚡ Utilities
📋 Taxes
💼 Income & Employment
🎓 Education
👥 Demographics
🌤 Climate
NOAA 1991–2020 Climate Normals
| Month | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| High °F | 77 | 79 | 81 | 84 | 87 | 90 | 91 | 91 | 90 | 86 | 82 | 79 |
| Low °F | 59 | 61 | 64 | 68 | 72 | 76 | 76 | 77 | 76 | 73 | 67 | 62 |
| Precip" | 1.81 | 2.66 | 2.51 | 2.94 | 6.05 | 8.92 | 8.13 | 8.08 | 8.71 | 7.78 | 2.89 | 2.17 |
💨 Air Quality
EPA AQS 2023 — county-level monitoring data
Frequently Asked Questions
What is the cost of living in Miami Lakes, FL?
Miami Lakes has a cost index of 175 (100 = national average). It is 75% above the national average.
What is average rent in Miami Lakes, FL?
The median gross rent in Miami Lakes is $2,024 per month based on 2023 Census data.
What is the average home price in Miami Lakes?
The median home value in Miami Lakes is $577,300 according to Zillow and Census data.
What is the median income in Miami Lakes?
The median household income in Miami Lakes is $97,255 per year (2023 ACS 5-year estimates).
What is the sales tax in Miami Lakes, FL?
The combined state and local sales tax rate in Miami Lakes is 7.0%. Florida has no state income tax.
Is Miami Lakes, FL affordable?
Miami Lakes is above average in cost of living, with an index of 175 — about 75% higher than the national average.
What is the weather like in Miami Lakes?
Miami Lakes has average high temperatures of 84.6°F and average lows of 69.2°F. Annual precipitation is 62.6". Data from NOAA 1991–2020 Climate Normals.
Miami Lakes at a Glance
- Population
- 30,731
- Median Income
- $97,255
- Home Value
- $577,300
- Median Rent
- $2,024/mo
- Unemployment
- 3.5%
- Avg High Temp
- 84.6°F
- Sales Tax
- 7.0%
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Florida Rankings
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