Cost of Living in Miami-Miami Beach-Kendall, FL
Is it worth moving here?
How far does a $70,000 salary go in Miami-Miami Beach-Kendall? Estimated income taxes on that gross salary total approximately $7,241 per year — Florida levies no state income tax, so that figure covers federal tax only. Subtract rent for a 2-bedroom apartment ($2,436/month based on HUD Fair Market Rents for the Miami-Miami Beach-Kendall metro area) and the estimated annual take-home is $33,527, or roughly $2,794 per month for everything else: food, transportation, savings, and discretionary spending.
The Miami-Miami Beach-Kendall metro has a cost of living index of 156.6 according to the Bureau of Economic Analysis Regional Price Parities (national average = 100). At 57% above average, Miami-Miami Beach-Kendall is a noticeably expensive metro — groceries, services, and everyday purchases cost more than in most of the country.
At a $70,000 salary, the estimated 2-bedroom rent in Miami-Miami Beach-Kendall represents approximately 42% of gross income. That is well above what most financial advisors recommend, indicating that Miami-Miami Beach-Kendall is a financial stretch at a $70,000 salary without roommates or a higher-earning household. Florida's zero income tax helps offset the rent burden compared to otherwise similar cities that also levy state income tax.
Annual Breakdown
Gross Salary $70,000
Taxes (Est.) ...
Housing (Rent) -$29,232
Net Income ...
Cost of Living Index
156.6
Cheaper Avg (100) Pricier
Living in Miami-Miami Beach-Kendall, FL is roughly 57% more expensive than the national average.
Monthly Take-Home
... / mo
Affordability Score
–
Grade Rent Burden –%
Affordable (<20%) 30% Rule Stretched (>40%)
K-12 Schools
See Details → Schools 1,075
Enrollment 821,295
Pupil:Teacher 0:1
Charter 27.3%
Title I 0%
Colleges & Universities
See Details → Institutions 132
Avg In-State $17,451
Avg Out-of-State $18,364
Avg Grad Rate 68.7%
| Institution | Enrollment | In-State Tuition | Grad Rate |
|---|---|---|---|
| South Dade Technical College-South Dade Skills Center Campus | 401 | $0 | 100.0% |
| New Professions Technical Institute | 340 | $0 | 100.0% |
| SABER College | 202 | $0 | 100.0% |
| HCI College | 169 | $19,046 | 100.0% |
| Millennia Atlantic University | 155 | $11,928 | 100.0% |
| Florida Professional Institute | 104 | $0 | 100.0% |
| HCA Florida Mercy Hospital School of Practical Nursing | 54 | $0 | 100.0% |
| Advance Science International College | 44 | $0 | 100.0% |
| The Salon Professional Academy-Delray Beach | 32 | $0 | 100.0% |
| St. John Vianney College Seminary | 29 | $23,100 | 100.0% |
| Key College | 19 | $8,985 | 100.0% |
| La Belle Beauty Academy | 142 | $0 | 99.0% |
| American Beauty Schools | 80 | $0 | 98.0% |
| La Belle Beauty School | 239 | $0 | 97.0% |
| Kaizen Beauty Academy | 86 | $0 | 97.0% |
| United International College | 206 | $10,200 | 92.0% |
| Paul Mitchell the School-Miami | 112 | $0 | 90.0% |
| The Beauty Institute | 23 | $0 | 90.0% |
| Global Medical & Technical Training Institute | 524 | $0 | 89.0% |
| CBT Technology Institute-Hialeah | 493 | $11,950 | 89.0% |
| Futura Career Institute | 478 | $0 | 89.0% |
| Medical Institute of Palm Beach | 261 | $0 | 88.0% |
| Boca Beauty Academy | 211 | $0 | 88.0% |
| Boca Beauty Academy-Parkland | 205 | $0 | 88.0% |
| PiBerry Institute | 96 | $0 | 88.0% |
| Prestige Health & Beauty Sciences Academy | 41 | $0 | 88.0% |
| InterAmerican Technical Institute | 606 | $0 | 87.0% |
| CBT Technology Institute-Main Campus | 452 | $11,952 | 87.0% |
| American Advanced Technicians Institute | 31 | $0 | 87.0% |
| Nouvelle Institute | 54 | $0 | 86.0% |
| More Tech Institute | 72 | $0 | 85.0% |
| University of Miami | 19,593 | $58,104 | 84.0% |
| Florida International Training Institute | 695 | $0 | 84.0% |
| City College-Hollywood | 275 | $18,240 | 83.0% |
| Ultrasound Medical Institute | 110 | $0 | 83.0% |
| Florida Academy of Health & Beauty | 67 | $0 | 83.0% |
| Praxis Institute | 440 | $0 | 81.0% |
| Florida Education Institute | 652 | $0 | 80.0% |
| Robert Fiance Beauty Schools | 185 | $0 | 80.0% |
| New Concept Massage and Beauty School | 89 | $0 | 80.0% |
| Acupuncture and Massage College | 180 | $9,707 | 79.0% |
| Hollywood Institute of Beauty Careers-West Palm Beach | 287 | $0 | 78.0% |
| FVI School of Nursing and Technology | 553 | $0 | 76.0% |
| South Florida Institute of Technology | 7,800 | $0 | 75.0% |
| University of Fort Lauderdale | 280 | $9,600 | 75.0% |
| Latin Beauty Academy | 214 | $0 | 75.0% |
| Florida International University | 53,953 | $4,721 | 74.0% |
| American Medical Academy | 303 | $0 | 72.0% |
| Hollywood Institute of Beauty Careers | 286 | $0 | 72.0% |
| Florida Barber Academy | 205 | $0 | 72.0% |
| Hollywood Institute | 195 | $0 | 72.0% |
| Merryfield Academy | 65 | $0 | 72.0% |
| Celebrity School of Beauty | 884 | $0 | 71.0% |
| Med College | 297 | $21,330 | 71.0% |
| Salon Professional Academy-Elevate Salon Institute | 55 | $0 | 71.0% |
| Sheridan Technical College | 1,469 | $0 | 70.0% |
| Aveda Institute-South Florida | 1,012 | $0 | 70.0% |
| San Ignacio University | 291 | $10,200 | 70.0% |
| Beauty Academy of South Florida | 348 | $0 | 69.0% |
| Cortiva Institute | 121 | $0 | 69.0% |
| Paul Mitchell the School-Fort Lauderdale | 72 | $0 | 68.0% |
| Southeastern College-West Palm Beach | 650 | $22,384 | 67.0% |
| Compu-Med Vocational Careers Corp | 417 | $0 | 67.0% |
| Empire Beauty School-West Palm | 58 | $0 | 67.0% |
| Miami Media School | 37 | $0 | 65.0% |
| Florida Atlantic University | 30,790 | $2,522 | 64.0% |
| Nova Southeastern University | 20,877 | $35,880 | 64.0% |
| Concorde Career Institute-Miramar | 137 | $0 | 63.0% |
| William T McFatter Technical College | 850 | $0 | 62.0% |
| Atlantis University | 668 | $10,800 | 61.0% |
| URBE University | 48 | $30,450 | 61.0% |
| Albizu University-Miami | 787 | $12,084 | 60.0% |
| Palm Beach Academy of Health & Beauty | 116 | $0 | 60.0% |
| Palm Beach Atlantic University | 3,875 | $36,990 | 59.0% |
| Florida Career College-Boynton Beach | 149 | $0 | 59.0% |
| Talmudic College of Florida | 34 | $16,250 | 59.0% |
| Everglades University | 2,733 | $19,968 | 58.0% |
| Florida Career College-Hialeah | 185 | $0 | 58.0% |
| CBT Technology Institute-Cutler Bay | 262 | $11,950 | 57.0% |
| Florida Career College-Margate | 130 | $0 | 57.0% |
| JT's Cuts Academy | 36 | $0 | 57.0% |
| Atlantic Technical College | 2,953 | $0 | 56.0% |
| Cambridge College of Healthcare & Technology | 1,037 | $15,230 | 56.0% |
| Florida Career College-Pembroke Pines | 156 | $0 | 56.0% |
| Lynn University | 3,501 | $41,200 | 53.0% |
| Academy for Nursing and Health Occupations | 559 | $0 | 52.0% |
| Florida Career College-West Palm Beach | 193 | $0 | 51.0% |
| West Coast University-Miami | 900 | $22,916 | 50.0% |
| Florida Career College-Miami | 130 | $0 | 46.0% |
| Miami Dade College | 39,139 | $1,987 | 45.0% |
| Keiser University-Ft Lauderdale | 20,102 | $22,936 | 44.0% |
| St. Thomas University | 6,455 | $33,580 | 43.0% |
| Florida Career College-Lauderdale Lakes | 204 | $0 | 43.0% |
| Palm Beach State College | 24,369 | $3,030 | 41.0% |
| Lindsey Hopkins Technical College | 388 | $0 | 41.0% |
| Barry University | 6,836 | $32,800 | 37.0% |
| Broward College | 29,140 | $1,968 | 36.0% |
| Fortis College-Cutler Bay | 358 | $12,936 | 36.0% |
| Yeshivah Gedolah Rabbinical College | 77 | $9,000 | 36.0% |
| Robert Morgan Educational Center and Technical College | 868 | $0 | 34.0% |
| Mariano Moreno Culinary Institute | 141 | $0 | 34.0% |
| Florida Memorial University | 1,365 | $14,274 | 30.0% |
| Miami Lakes Educational Center and Technical College | 730 | $0 | 30.0% |
| Florida National University-Main Campus | 2,638 | $15,600 | 28.0% |
| George T Baker Aviation Technical College | 922 | $0 | 27.0% |
| Miami Regional University | 955 | $0 | 21.0% |
| South University-West Palm Beach | 468 | $15,732 | 21.0% |
| M-DCPS The English Center | 157 | $0 | 21.0% |
| D A Dorsey Technical College | 275 | $0 | 11.0% |
| Galen Health Institutes-Miami Campus | 635 | $16,200 | — |
| Universal Technical Institute-South Florida Miramar | 497 | $0 | — |
| Arizona College of Nursing-Fort Lauderdale | 412 | $24,693 | — |
| South Florida Bible College and Theological Seminary | 355 | $7,080 | — |
| Antigua College International | 266 | $26,400 | — |
| Atlantic Institute of Oriental Medicine | 163 | $18,000 | — |
| Saint Vincent de Paul Regional Seminary | 140 | $0 | — |
| Trinity International University-Florida | 112 | $13,560 | — |
| Jose Maria Vargas University | 107 | $10,320 | — |
| Chancellor Institute | 102 | $0 | — |
| Bellasa Professional Institute | 90 | $0 | — |
| Hope College of Arts and Sciences | 82 | $0 | — |
| Florida Academy of Nursing | 54 | $0 | — |
| Polytechnic University of Puerto Rico-Miami | 44 | $13,032 | — |
| Miami Ad School | 33 | $19,400 | — |
| Pets Playground Grooming School | 18 | $0 | — |
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