Rent vs Buy in Miami, FL

Miami, FL Assumptions

Home Purchase
Ongoing Costs
Rental
Growth
Tax
Projection

Buy Net Worth

Rent Net Worth

Break-Even

Verdict

Net Worth Over Time — Miami, FL

Year-by-Year Comparison

Year-by-year rent vs buy comparison for Miami, FL
Year Buy
Net Worth
Rent
Net Worth
Difference Monthly
Buy Cost
Monthly
Rent

Cities & Towns in Miami, FL

This calculator's defaults reflect the broader Miami, FL metropolitan area, including:

  • Miami
  • Hialeah
  • Miami Beach
  • Coral Gables
  • Doral
  • Homestead
  • Aventura
  • Miami Gardens
  • North Miami
  • Pinecrest
  • Kendall
  • Fort Lauderdale
  • Hollywood
  • Pembroke Pines
  • West Palm Beach
  • Boca Raton

Region: South. Housing cost-of-living index: 172 (national avg = 100). Composite cost-of-living: 125.

About this Miami, FL estimate

The default home price and rent come from the Miami, FL metropolitan area's housing cost-of-living index applied to national 2025 medians ($420,000 home, $1,850/mo rent for a typical 2-3 BR). The property tax rate is the average effective rate for Florida per the Tax Foundation. These are starting points — adjust to match your specific listing, neighborhood, and tax bill.