Cost of Living in Miami, OK

Population 12,960 · Oklahoma · Data vintage 2023

45
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Household incomes in Miami run well below national norms — a median of $45,900 versus the $74,580 US figure. Housing costs partially offset that gap (typical home values around $103,000). Around 23% of residents live below the federal poverty line, a rate that tends to correlate with the income and housing figures above.

Miami lies roughly 80 miles northeast of the nearest major metro, Broken Arrow — close enough that regional housing and labor patterns are shaped largely by the larger market. Median home values run roughly 55% lower than Broken Arrow's $229,000.

Cost Overview

Housing 34
Rent 61

Scale: 100 = US national average. Green < 90, Red > 110.

About the Cost of Living in Miami

The median home value in Miami is $102,600 — 66% below the national median of $305,000. Median rent runs $804/month, 39% lower than the national median of $1,314/month. The median household income of $45,900/year is 38% lower than the US median of $74,580. The local unemployment rate is 3.0%, below the national average of 4.8%. Oklahoma's top state income tax rate is 4.8% and the combined sales tax is 9.0%. Overall, Miami has a cost of living index of 45 versus the US average of 100, meaning it is 55% less expensive.

🏠 Housing

Median Home Value
$102,600
66% below avg
Zillow Home Value
$124,918
Zillow ZHVI
Median Rent
$804/mo
39% below avg
Price-to-Rent Ratio
10.6x
Favors buying
Property Tax Rate
0.9%
Effective rate

HUD Fair Market Rents by Bedroom

Studio
$678
1 BR
$728
2 BR
$910
3 BR
$1,220
4 BR
$1,439
Owner-occupied 55.7%
Renter-occupied 44.3%

💰 Estimated Monthly Budget

Rent median rent
$804
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,418/mo

Estimates based on median data and national averages. Actual costs vary.

🛒 Food & Groceries

National BLS average prices (2023). Local prices may vary.

🥚
Eggs (dozen)
$0.548
🍞
White Bread (lb)
$1.912
🥩
Ground Beef (lb)
$5.61

🚗 Transportation

Avg Commute
18.9 min
30% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
3.4%

Commute Mode

Drove alone
82.3%
Carpooled
9.9%
Public transit
0.2%
Walked
3.1%
Bicycle
0.2%
Work from home
3.4%

Utilities

Electricity
$0.176/kWh
0% below avg

📋 Taxes

State Income Tax 4.8%
Total Sales Tax 9.0%
State rate 4.5%
Avg local rate 4.5%
Property Tax 0.9%

💼 Income & Employment

Median Household Income
$45,900
38% below avg
Per Capita Income
$22,658
Unemployment Rate
3.0%
38% below avg
Poverty Rate
22.8%
Labor Force Participation
53.9%

🎓 Education

Bachelor's degree+ 10.6%
Graduate degree 5.8%

👥 Demographics

Median Age 32.2
Male median age 31.1
Female median age 33

💨 Air Quality

EPA AQS 2023 — county-level monitoring data

Median AQI 54 — Moderate
38.7%
Good air days/yr
162
Max AQI recorded
287
PM2.5 days
70
Ozone days

🏫 Schools

NCES CCD 2019 — public school district data

77%
4-Year Graduation Rate
15.9:1
Student-teacher ratio
7
Public schools
2,185
Total enrollment

Frequently Asked Questions

What is the cost of living in Miami, OK?

Miami has a cost index of 45 (100 = national average). It is 55% below the national average.

What is average rent in Miami, OK?

The median gross rent in Miami is $804 per month based on 2023 Census data.

What is the average home price in Miami?

The median home value in Miami is $102,600 according to Zillow and Census data.

What is the median income in Miami?

The median household income in Miami is $45,900 per year (2023 ACS 5-year estimates).

What is the sales tax in Miami, OK?

The combined state and local sales tax rate in Miami is 9.0%. The Oklahoma state income tax top rate is 4.8%.

Is Miami, OK affordable?

Yes, Miami is generally considered affordable, with a cost of living index of 45 — about 55% below the US national average of 100.

Miami at a Glance

Population
12,960
Median Income
$45,900
Home Value
$102,600
Median Rent
$804/mo
Unemployment
3.0%
Sales Tax
9.0%
View all cities in Oklahoma →
🗺️ County data for Oklahoma

Explore county-level cost of living data

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