Miami-Dade County’s cost of living is comparable with other major American cities, and lower than other coastal metropolitan areas like Boston, New York City, Washington, D.C. and Los Angeles.
Miami-Dade residents benefit from the state’s low-tax climate with no personal income tax and a special homestead exemption on a primary home.
*National Average is 100
Source: Council for Community and Economic Research, Cost of Living Index, 3rd Quarter 2017
Miami-Dade has one of the most diverse housing markets in the country with a rich variety of residential neighborhoods to suit all lifestyles.
Housing options in Miami-Dade County include:
| Personal Income Tax (%) | Corporate Income Tax (%) | Sales Tax (%) | |||
Metro Areas | State | Local | State | Local | State | Local |
Miami-Dade | 0.0 | 0.0 | 5.5 | 0.0 | 6.0 | 1.0 |
New York | 4.0-8.82 | 2.9-3.88 | 7.1 | 8.85 | 4.0 | 4.875 |
Chicago | 5.0 | 0.0 | 9.5 | 0.0 | 6.25 | 3.0 |
Los Angeles | 1.0-12.3 | 0.0 | 8.84 | 0.0 | 7.5 | 2.0 |
Houston | 0.0 | 0.0 | 1.0 | 0.0 | 6.25 | 2.0 |
Atlanta | 01.0-6.0 | 0.0 | 6.0 | 0.0 | 4.0 | 4.0 |
The Miami-Dade Beacon Council, Research Department 2016
View maps to find land, commercial space, and data points in Miami-Dade county.
