South Miami Heights, FL

Average · 105

Florida · Population 37,525 · Updated March 2026

$1,442
Median Rent / Month
$64,657
Median Income
$357,000
Median Home Value
$1,404
Owner Costs / Month

Affordability

How far your income goes in South Miami Heights

26.8%
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

$17,304
Annual Rent
$0
State Income Tax
$3,070
Property Tax (est.)

Cost of Living Overview

South Miami Heights is more expensive than the national average. Higher housing costs are typically the primary driver. With a cost index of 105 (where 100 equals the national median), South Miami Heights residents can expect to pay median rent of $1,442/month while earning a median household income of $64,657/year.

The median home value in South Miami Heights, FL is $357,000, with typical monthly owner costs around $1,404 including mortgage, insurance, and taxes. With a rent-to-income ratio of 26.8%, South Miami Heights falls within the generally affordable range, though it's approaching the 30% burden threshold.

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 South Miami Heights.

Frequently Asked Questions

Common questions about living costs in South Miami Heights

What is the cost of living in South Miami Heights, FL?
The cost of living index in South Miami Heights, FL is 105 (US average = 100). Median monthly rent is $1,442, median household income is $64,657/year, and the median home value is $357,000.
Is South Miami Heights, FL affordable?
No, South Miami Heights is more expensive than the national average with a cost index of 105. The rent-to-income ratio is 26.8%—below the 30%% threshold considered affordable by HUD.
What is the average rent in South Miami Heights, FL?
The median gross rent in South Miami Heights, FL is $1,442 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $17,304.
What is the median household income in South Miami Heights?
The median household income in South Miami Heights, FL is $64,657 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.