Miami, OK

Very Low · 48

Oklahoma · Population 12,960 · Updated March 2026

$804
Median Rent / Month
$45,900
Median Income
$102,600
Median Home Value
$776
Owner Costs / Month

Affordability

How far your income goes in Miami

21.0%
Rent-to-Income Ratio
Affordable
Rent takes less than 25% of median income — considered affordable by HUD standards.

Tax Burden in Oklahoma

State-level tax rates that affect your costs

4.75%
Income Tax (Top Rate)
4.5%
Sales Tax
0.9%
Property Tax Rate

Estimated Annual Costs

$9,648
Annual Rent
$2,180
State Income Tax
$923
Property Tax (est.)

Cost of Living Overview

Miami is significantly cheaper than the national average, making it an attractive option for budget-conscious individuals and families. With a cost index of 48 (where 100 equals the national median), Miami residents can expect to pay median rent of $804/month while earning a median household income of $45,900/year.

The median home value in Miami, OK is $102,600, with typical monthly owner costs around $776 including mortgage, insurance, and taxes. The median rent-to-income ratio of 21.0% means housing is relatively affordable here — well below the 30% threshold that HUD considers cost-burdened.

Oklahoma has a moderate income tax rate of 4.75%. Combined with a 4.5% sales tax rate and 0.9% effective property tax rate, the overall tax environment is a factor in the total cost of living in Miami.

Frequently Asked Questions

Common questions about living costs in Miami

What is the cost of living in Miami, OK?
The cost of living index in Miami, OK is 48 (US average = 100). Median monthly rent is $804, median household income is $45,900/year, and the median home value is $102,600.
Is Miami, OK affordable?
Yes, Miami is more affordable than the national average with a cost index of 48. The rent-to-income ratio is 21.0%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Miami, OK?
The median gross rent in Miami, OK is $804 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $9,648.
What is the median household income in Miami?
The median household income in Miami, OK is $45,900 per year. This compares to the national median of approximately $80,000.
What are the taxes like in Oklahoma?
Oklahoma has a top income tax rate of 4.75%, a sales tax of 4.5%, and an effective property tax rate of 0.9%.