Cost of living in South Miami Heights research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means South Miami Heights is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Florida, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in South Miami Heights is 102, with 100 being the average.
The cost of living index in South Miami Heights is 1.0x higher than the national average.
South Miami Heights ranks as the #283 cheapest in Florida out of 459.
South Miami Heights ranks as the #3,380 cheapest out of 6,412 in the US.
The median home value in South Miami Heights is $282,700.
The median income in South Miami Heights is $52,227.
According to the most recent data on the cost of living, South Miami Heights has an overall cost of living index of 102, which is 1.0x higher than the national index of 100.
Compared to Florida, South Miami Heights has a cost of living index that's 1.0x higher than Florida's index of 101.
The standard of living in South Miami Heights ranks as #283 most affordable out of the 459 places we measured in Florida. By definition, that implies South Miami Heights ranks as the #176 most expensive place in the Sunshine State.
For more reading on life in South Miami Heights, check out:
Six factors go into calculating the cost of living index in South Miami Heights. Here is how it fairs on each of the criteria:
The Services index in South Miami Heights is 101.
The Groceries index in South Miami Heights is 116.
The Health index in South Miami Heights is 106.
The Housing index in South Miami Heights is 93.
The Transportation index in South Miami Heights is 110.
The Utilities index in South Miami Heights is 98.
Living Expense | South Miami Heights | Florida | National Average | |
---|---|---|---|---|
Overall | 102 | 101 | 100 | |
Services | 101 | 98 | 100 | |
Groceries | 116 | 101 | 100 | |
Health | 106 | 96 | 100 | |
Housing | 93 | 108 | 100 | |
Transportation | 110 | 98 | 100 | |
Utilities | 98 | 100 | 100 |
Housing swings affordability the most between places in Florida, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in South Miami Heights is $282,700.
The Median Rent in South Miami Heights is $1,259.
The Median Income in South Miami Heights is $52,227.
The Home Value To Income in South Miami Heights is 5.4x.
The Rent To Monthly Income in South Miami Heights is 0.29x.
Statistic | South Miami Heights | Florida | United States |
---|---|---|---|
Median Home Value | $282,700 | $248,700 | $244,900 |
Median Rent | $1,259 | $1,301 | $1,163 |
Median Income | $52,227 | $61,777 | $69,021 |
Home Value To Income | 5.4x | 4.0x | 3.5x |
Rent To Monthly Income | 0.29x | 0.25x | 0.2x |
Item | South Miami Heights | Florida |
---|---|---|
Shampoo | $1.11 | $1.06 |
Movie | $13.23 | $10.68 |
Bowling | $22.13 | $14.67 |
Haircut | $14.37 | $18.62 |
Beauty Salon | $70.0 | $39.05 |
Item | South Miami Heights | Florida |
---|---|---|
Ground Beef | $4.27 | $4.22 |
Fried Chicken | $1.73 | $1.39 |
Milk | $3.16 | $2.05 |
Potatoes | $3.86 | $3.29 |
Pizza | $9.1 | $10.62 |
Beer | $10.98 | $9.38 |
Toothpaste | $1.87 | $2.34 |
Item | South Miami Heights | Florida |
---|---|---|
Optometrist | $105.63 | $108.57 |
Doctor | $111.06 | $116.17 |
Dentist | $107.78 | $99.13 |
Item | South Miami Heights | Florida |
---|---|---|
Gasoline | $2.24 | $2.22 |
Tire Balancing | $60.69 | $50.07 |
Item | South Miami Heights | Florida |
---|---|---|
All Electricity | $162.18 | $167.67 |
Phone | $188.17 | $175.64 |
The cost of living varies in the cities and towns around South Miami Heights. Here's a quick look at the cost of living in the most populous nearby places:
Tamiami, FL has a cost of living index of 116, 1.1x South Miami Heights.
Kendale Lakes, FL has a cost of living index of 108, 1.1x South Miami Heights.
Coral Gables, FL has a cost of living index of 164, 1.6x South Miami Heights.
City | Population | Cost Of Living | Vs. South Miami Heights |
---|---|---|---|
Tamiami, FL | 54,525 | 116 | 1.1x |
Kendale Lakes, FL | 53,392 | 108 | 1.1x |
Coral Gables, FL | 49,269 | 164 | 1.6x |
Cutler Bay, FL | 44,865 | 113 | 1.1x |
Richmond West, FL | 37,626 | 117 | 1.1x |
Princeton, FL | 36,381 | 106 | 1.0x |
Coral Terrace, FL | 25,869 | 117 | 1.1x |
Palmetto Bay, FL | 24,327 | 141 | 1.4x |
The Crossings, FL | 22,382 | 116 | 1.1x |
Country Walk, FL | 18,627 | 122 | 1.2x |