How much does it cost to move out in Miami?

The total upfront cost to move out in Miami typically ranges from $5,500 to $8,800, depending on your apartment and setup needs. This includes first month's rent ($2,200), security deposit ($2,200), and move-in essentials.

What salary do I need to rent an apartment in Miami?

Following the 30% rule, you'd need a monthly income of at least $7,333 ($88,000/year) to comfortably afford the average 1BR in Miami. Many landlords require proof of income 2-3x the monthly rent.

Is Miami expensive to live in?

Miami has a cost of living index of 127 compared to the US average of 100. This means it's 27% more expensive than the national average. Housing is the biggest factor, with average rents of $2,200/month for a 1BR.

How much should I save before moving to Miami?

We recommend saving at least $11,000 to $15,400 before moving to Miami. This covers upfront costs ($5,500-$7,700) plus a 2-3 month emergency fund.

What are the hidden costs of moving to Miami?

Beyond rent and deposit, budget for: utilities setup ($140/month), internet (~$70/month), renters insurance (~$20/month), moving costs ($200-$1,500), and household essentials ($500-$2,000).

Can I afford to live alone in Miami?

To live alone in Miami, you need a stable income of at least $88,000/year and savings of $11,000+. If your income is lower, consider getting a roommate - this can reduce your housing costs by 30-40% and make Miami more affordable.

What is the average rent in Miami in 2026?

As of 2026, the average rent in Miami is $2,200/month for a 1-bedroom apartment and $2,900/month for a 2-bedroom. Prices vary by neighborhood - areas outside the city center tend to be 10-20% cheaper.

How much is a security deposit in Miami?

Security deposits in Miami typically equal 1 month of rent ($2,200 for an average 1BR). Additionally, most landlords require last month's rent upfront, adding another $2,200 to your move-in costs.

Is Miami a good place for first-time renters?

Miami is suitable for first-time renters with steady income. The rental market offers good options for newcomers. Use our calculator to determine if Miami fits your budget.

How long does it take to save to move out in Miami?

If you can save $1,100/month, you'll need about 10 months to save enough for Miami. With more aggressive saving ($1,760/month), you could be ready in 7 months. Our calculator shows your personalized timeline.

USCost Index: 127

Miami, FL Move Out Calculator: How Much Do You Need to Move Out?

Planning to move out in Miami? Find out exactly how much money you need with our free move-out calculator. In Miami, the average 1-bedroom apartment costs $2,200/month, you'll need approximately $6,600 in upfront costs, and a minimum salary of $88,000/year to live comfortably. Miami is considered a moderate cost city - use the calculator below to get your personalized budget.