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Cost of Living in Miami, IN

Population: 573 | Indiana

72
Cost of Living Index
US Average = 100

Miami is 28% less expensive than the national average.

35
Housing
100
Home Values
93
Regional Price

Cost of Living in Miami, IN: What You Need to Know

With a cost of living index of 72, Miami, IN is one of the most affordable cities in the country. Living here is 28% cheaper than the national average and 7% below the Indiana state average of 78. Miami is a small community of 573 residents.

The median household income in Miami is $96,442, which is 28% higher than the national median of $75,149. Residents spend roughly 6% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum.

Data sources: US Census Bureau (ACS 2023), Zillow Home Values, HUD Fair Market Rents, BEA Regional Price Parities, BLS Average Prices, and NOAA Climate Normals. Updated monthly.

Income

Median Household Income
$96,442
vs US Median ($75,149)
+28%

Housing

Median Rent
$459/mo
Median Monthly Housing Cost
$445/mo
→ Best Places to Live in Indiana (2026)

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