Cost of Living Analytics

Cost of Living / Miami-Fort Lauderdale-Pompano Beach, FL Metro Area

Cost of Living in Miami-Fort Lauderdale-Pompano Beach, FL Metro Area

Miami-Fort Lauderdale-Pompano Beach, FL Metro Area has a population of 6,123,949. Median household income is $69,085 and median rent is $1,657 per month. Rent is roughly 28.8% of median monthly income.

State: AREAPopulation: 6,123,949Income: $69,085Rent: $1,657Affordability: Moderate (28.8%)
Median Household Income
$69,085
Annual (ACS median)
Median Rent
$1,657
Monthly (ACS median gross rent)
Rent as % of Income
28.8%
rent ÷ (income/12)
Cost Index
92
Simplified relative index

Is Miami-Fort Lauderdale-Pompano Beach, FL Metro Area expensive?

Based on median rent and income, Miami-Fort Lauderdale-Pompano Beach, FL Metro Area has a Moderate rent burden. Median rent is $1,657, which is about 28.8% of median monthly household income.

Average rent in Miami-Fort Lauderdale-Pompano Beach, FL Metro Area

Median rent (ACS) is $1,657 per month. (Neighborhoods vary widely.)

How much income do you need in Miami-Fort Lauderdale-Pompano Beach, FL Metro Area?

Median household income (ACS) is $69,085 per year. Housing costs take a bigger share of income when rent burden is high.

Other metros in AREA

Compare Miami-Fort Lauderdale-Pompano Beach, FL Metro Area with nearby metros:

Data sources

  • US Census Bureau American Community Survey (ACS).
  • Affordability metric: median rent ÷ (median household income / 12).
  • Figures are metro-level medians; local variation is expected.