Cost of Living

Budgeting

Cost of Living

What it really costs to live in South Florida — and how Florida’s 0% state income tax changes the math.

0%

State personal income tax

~7%

Typical total sales tax

1.1–1.8%

Effective property tax range

$72k–$84k

Median household income by county

Cost index vs. national average (100)

Housing is the biggest swing; everyday costs run closer to the U.S. average.

By county at a glance

Miami-Dade

Median household income
$71,800
Avg. 1BR rent
$1,995/mo

Broward

Median household income
$77,633
Avg. 1BR rent
$1,900/mo

Palm Beach

Median household income
$83,581
Avg. 1BR rent
$1,901/mo

Figures are approximate and for general guidance only. Consult a licensed tax or financial professional for advice specific to your situation.