North Miami Beach, FL

Average · 108

Florida · Population 43,104 · Updated March 2026

$1,626
Median Rent / Month
$57,633
Median Income
$317,800
Median Home Value
$1,539
Owner Costs / Month

Affordability

How far your income goes in North Miami Beach

33.9%
Rent-to-Income Ratio
Moderate
Rent takes 25-35% of median income — moderate affordability.

Tax Burden in Florida

State-level tax rates that affect your costs

0%
Income Tax (Top Rate)
6.0%
Sales Tax
0.86%
Property Tax Rate

Estimated Annual Costs

$19,512
Annual Rent
$0
State Income Tax
$2,733
Property Tax (est.)

Cost of Living Overview

North Miami Beach is more expensive than the national average. Higher housing costs are typically the primary driver. With a cost index of 108 (where 100 equals the national median), North Miami Beach residents can expect to pay median rent of $1,626/month while earning a median household income of $57,633/year.

The median home value in North Miami Beach, FL is $317,800, with typical monthly owner costs around $1,539 including mortgage, insurance, and taxes. At 33.9% rent-to-income ratio, residents of North Miami Beach are spending more than the recommended 30% of income on housing, indicating moderate cost burden.

Florida has no state income tax, which can represent significant savings compared to high-tax states. Combined with a 6.0% sales tax rate and 0.86% effective property tax rate, the overall tax environment helps keep costs manageable in North Miami Beach.

Frequently Asked Questions

Common questions about living costs in North Miami Beach

What is the cost of living in North Miami Beach, FL?
The cost of living index in North Miami Beach, FL is 108 (US average = 100). Median monthly rent is $1,626, median household income is $57,633/year, and the median home value is $317,800.
Is North Miami Beach, FL affordable?
No, North Miami Beach is more expensive than the national average with a cost index of 108. The rent-to-income ratio is 33.9%—above the 30%% affordability threshold.
What is the average rent in North Miami Beach, FL?
The median gross rent in North Miami Beach, FL is $1,626 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $19,512.
What is the median household income in North Miami Beach?
The median household income in North Miami Beach, FL is $57,633 per year. This compares to the national median of approximately $80,000.
What are the taxes like in Florida?
Florida has a top income tax rate of 0%, a sales tax of 6.0%, and an effective property tax rate of 0.86%. Notably, there is no state income tax.