Miami-Dade County, FL at a glance
Median household income
$71,753$5,979 per month · U.S. Census Bureau ACS 5-YearHow much rent can you afford in Miami-Dade County, FL?
HUD’s fair market rent for each size, against what a typical household here earns. Change the income to see yours.
How much is rent in Miami-Dade County, FL? By bedroom, 2026
HUD's fiscal 2026 Fair Market Rents for Miami-Miami Beach-Kendall, FL HUD Metro FMR Area, with the income each one takes if rent stays under 30% of it.
| Unit Size | Monthly Rent | Annual Rent | 30% Rule Min. Income | % of Median Income |
|---|---|---|---|---|
| Studio / Efficiency | $1,828 | $21,936 | $73,120 | 30.6% |
| 1-Bedroom Apartment | $1,995 | $23,940 | $79,800 | 33.4% |
| 2-Bedroom ApartmentBenchmark | $2,436 | $29,232 | $97,440 | 40.7% |
| 3-Bedroom Home | $3,127 | $37,524 | $125,080 | 52.3% |
| 4-Bedroom Home | $3,613 | $43,356 | $144,520 | 60.4% |
Rent in Miami-Dade County, FL, with the wage each unit needs →
What a typical income covers in Miami-Dade County, FL
The 50/30/20 rule applied to the local median of $71,753 a year ($5,979 a month before tax).
What $71,753 leaves after Florida taxes
Federal income tax, Social Security, Medicare and Florida tax on the local median income. Change the salary to see yours.
Rent, jobs and pay in Florida
Living in Miami-Dade County, FL: common questions
What is the median household income in Miami-Dade County, FL?
According to the latest U.S. Census Bureau ACS 5-Year survey, the median household income in Miami-Dade County, FL is $71,753 per year (approximately $5,979 per month).
What is the average rent in Miami-Dade County, FL?
The closest official figure is HUD's Fair Market Rent for 2026: $1,828 for a studio, $1,995 for one bedroom, $2,436 for two, $3,127 for three and $3,613 for four, utilities included.
It is not an average of listings. HUD sets it at the rent 40% of recent movers paid or less for a standard unit, so a new lease on a nicer place will usually cost more.
Is Miami-Dade County, FL expensive to live in?
Prices there run 14.2% above the U.S. average. BEA's regional price parity for the metro area is 114.2, where the U.S. is 100. Rent moves the number most: housing is where places differ, while goods cost about the same everywhere.
How much do you need to earn to comfortably afford rent in Miami-Dade County, FL?
To keep a $2,436 two-bedroom under 30% of gross income, a household needs about $97,440 a year, or $8,120 a month. That is 136% of what the typical household in Miami-Dade County, FL earns.
How much do you need to live comfortably in Miami-Dade County, FL?
On the local median income of $71,753 ($5,979 a month before tax), the 50/30/20 rule leaves $2,990 a month for needs like rent, utilities and groceries, $1,794 for everything else and $1,196 for savings or debt. A two-bedroom at $2,436 takes 81% of the needs share.
How much is the electric bill in Miami-Dade County, FL?
Homes in Florida paid 15.1¢ per kWh on average (EIA). At 900 kWh a month, a typical use, that is about $136. Your bill depends mostly on heating and cooling.