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Miami is an amazing coastal city in Florida, USA. Miami has its own set of expenses. However, the cost of living in Miami for a student can vary according to their lifestyle and their preferences, but with some planning, anyone can enjoy all that this vibrant city has to offer while studying here.
In this guide, we will go over a number of topics related to the cost of living in Miami, including rent for a room or apartment, groceries, local transportation costs, and other expenses. This blog will provide you with an idea of an average living expense budget if you are considering relocating to Miami. Without further ado, let’s begin our discussion.
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Cost of Living in Miami
Managing living expenses in Miami is a major factor a Student should consider when relocating to this vibrant city. One person’s average monthly cost of living in Miami is approximately USD 1,289. This depends on many factors such as your chosen area, lifestyle, and personal preferences. The cost of living in different categories is given below:
Cost of Grocery in Miami
The grocery costs include the cost of bread, milk, water, vegetables, fruit, and other eatable items. Figuring out the cost of groceries and food in Miami is the most important part of the cost of living in Miami. The table below lists the average cost of groceries in Miami:
| Grocery Item | Approx Cost |
| 1 litre of regular milk | USD 1.15 |
| 12 regular eggs | USD 4.09 |
| White Rice 1kg | USD 4.85 |
| Apples (1kg) | USD 6.35 |
| Banana (1kg) | USD 1.89 |
| Oranges (1kg) | USD 4.56 |
| Tomato (1kg) | USD 5.09 |
| Potato (1kg) | USD 2.49 |
| Onion (1kg) | USD 3.24 |
| Lettuce (1 head) | USD 2.72 |
| Water (1.5 liter bottle) | USD 2.24 |
| 500g Loaf of Fresh White Bread | USD 3.60 |
| Meat, Drinks and Other items | USD 5430 |
Costs of Rent in Miami
On average, a one-bedroom apartment near the city centre in Miami costs around USD 2,798 per month, while a three-bedroom apartment can cost up to USD 5,418. The average cost of rent in Miami depends on many factors, such as location, size, lifestyle, etc., and it is the most important part of the cost of living in Miami.
In addition, students need to plan for the housing costs in which they will live. The following table compares the cost of renting apartments within and outside the city centre:
| Apartment Location | Approx Monthly Cost |
| One-bedroom Apartment in the City Centre | USD 2,798 |
| Three -bedroom Apartment in the City Centre | USD 5,418 |
| One-bedroom Apartment Outside of the Centre | USD 2,125 |
| Three -bedroom Apartment Outside of the Centre | USD 3,789 |
Also Read: Cost of Living in Cuba: A Comprehensive Guide on Cuba’s Expense
Cost of a Utility in Miami
The monthly cost of basic utilities in Miami is approximately USD 169, which includes electricity, water, heating, garbage, internet services, etc. Utility costs can affect your cost of living in Miami depending on the area you choose. In the table below, utility costs in Miami are provided for your convenience:
| Utility Type | Approx Monthly Cost |
| Basic Utility Cost (Heating, Electricity, Cooling, Water, and Garbage) (for 85m2 Apartment) | USD 169 |
| Internet (60 Mbps, Unlimited Data, Cable/ADSL) | USD 63 |
| Monthly plan for mobile phone calls and 10GB+ data | USD 61 |
Source: Numbeo
Restaurant Costs in Miami
Restaurants in Miami offer a culinary adventure with a variety of food options. The average cost of inexpensive restaurant meals is around USD 30, which will not affect the cost of living in Miami that much. In the table below, we have demonstrated the average restaurant costs you can pay in the country:
| Type of Restaurant | Approx Cost of Meal in Restaurant |
| Inexpensive Restaurant Meal | USD 25 |
| Meal for 2, mid-range restaurant, three-course | USD 100 |
Also Read: Cost of Living in Hamburg: A Comprehensive Guide on Hamburg’s Expense
Transportation Costs in Miami
Miami has various modes of local transportation including cabs, Metrobus, Miami Trolley, ferries, subways, etc. A one-way ticket for local transportation in Miami costs about USD 2.25. The total cost of living in Miami includes transportation costs, which are shown in the table below:
| Mode of Transport | Approx Monthly Cost |
| One-way ticket price for local transport | USD 2.25 |
| Regular Price of Monthly Pass | USD 115 |
| Taxi starting cost (normal tariff) | USD 2.98 |
| Taxi cost 1 km (normal tariff) | USD 1.30 |
| Normal Taxi tariff for 1 hour of waiting | USD 24 |
| Gasoline (1 litre) | USD 0.92 |
Cost of Living in Miami vs Other Cities
The cost of living in Miami and its surrounding cities can vary according to location, lifestyle and personal preferences. Generally, Miami offers a relatively affordable cost of living compared to many major metropolitan cities. For your reference, we have given the cost of living in Miami compared to other nearby cities.
| Cost of living city-wise | Approx Costs | Comparison Cost of Living in Miami |
| Cost of Living in New York | USD 1,695 | Higher than Miami |
| Cost of Living in Los Angeles | USD 1,363 | Higher than Miami |
| Cost of Living in Chicago | USD 1,298 | Higher than Miami |
| Cost of Living in Atlanta | USD 1,292 | Approximately equal to Miami |
| Cost of Living in London | USD 1379 | Higher than Miami |
| Cost of Living in Houston | USD 1,108 | Lower than Miami |
| Cost of Living in Tampa | USD 1,321 | Higher than Miami |
Average Tuition Fees in Miami
Along with the cost of living in Miami, figuring out the average tuition fees at Miami’s Universities can be a daunting task. The average tuition fees at the Universities in Miami are given in the table below.
| Name of University | Approx Tuition Fees |
| University of Miami | USD 59,926 |
| Florida International University | USD 18,964 |
| Florida Atlantic University | USD 21,655 |
| Nova Southeastern University | USD 37,080 |
| Keiser University | USD 36,020 |
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FAQs
Answer: The monthly cost of living for one person in Miami is approximately USD 1,289 without rent. If we talk about the average cost of housing rent in Miami, ranges from USD 2100 to USD 2800 for a one-bedroom apartment.
Answer: The average cost of living in Miami is approximately US 1,289, while the cost of living in California is approximately USD 1,345. This shows that Miami is not as expensive as California.
Answer: For a single person, the average cost of living without rent in Miami is approximately USD 1,289. It offers a decent standard of living at a lower cost than other US cities.
So, this was all about the cost of living in Miami. Many Indian students dream of pursuing education in foreign nations due to the exposure and career growth they offer. Consider joining a free counselling session with Leverage Edu if you plan to study abroad.
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