Cost of Living in Miami, United States

Miami, often called the 'Magic City,' is a global hub for finance, culture, and tourism. Known for its iconic Art Deco skyline, vibrant Latin influence, and world-class beaches, it offers a high standard of living that comes with a significant price tag. While Florida's lack of state income tax is a financial draw, residents face high costs in the housing and insurance sectors. Miami has evolved into a premier luxury destination, making it one of the most expensive metropolitan areas in the United States, yet its year-round warm climate and international atmosphere continue to attract professionals and expats from across the globe.