LivingCostFacts / metro
The Miami-Fort Lauderdale-West Palm Beach, FL metro has a 2024 price parity of 114.2, with the U.S. level set to 100.
BEA 2024 · HUD FY2027 · ACS 2020–2024 · CPI through 2026-10
BEA 2024
BEA 2024; U.S. = 100
Population-weighted county FMR, FY2027
Weighted mean of county medians, ACS 2020–2024
Regional Price Parities (RPPs) compare prices across places in the same year. An index of 110 means prices are 10% above the U.S. level; 90 means 10% below. RPP measures relative price levels, while CPI measures price change over time.
BEA 2024 regional context; each category is compared with its own U.S. = 100 benchmark. These are not county price estimates or spending shares.
Black marker: U.S. benchmark = 100 in each row.
Fair Market Rent (FMR) is HUD’s estimate of the 40th percentile gross rent for standard-quality rental homes occupied by recent movers. It includes rent and most tenant-paid utilities. A household’s actual rent can differ substantially by neighborhood, lease and property.
HUD FY2027 gross monthly FMR; includes most tenant-paid utilities. Dollars per month.
Metro household income here is a population-weighted mean of available member-county median incomes, using HUD pop2024 weights. It is not a published metro median. Rent is weighted in the same way. Counties without an income or rent estimate are omitted from that measure. Membership follows the July 2023 Census CBSA delineation.
BLS publishes CPI for Miami-Fort Lauderdale-West Palm Beach, FL. The latest available NSA all-items observation in this series is 2026-10; its 12-month change is not reported. CPI coverage may differ from the current CBSA boundary.
The source lacks a valid year-earlier observation for that latest month. The latest comparable 12-month change is 3.7% for 2026-08.
BLS May 2025 average annual pay across occupations is $67,190 in the matching JobPayFacts metro data. Individual-worker wages and household income measure different things.
BEA RPP, U.S. = 100 each year. This is not an inflation index.
| Period or category | Value |
|---|---|
| 2008 | 106.5 |
| 2009 | 106.0 |
| 2010 | 105.3 |
| 2011 | 106.7 |
| 2012 | 107.5 |
| 2013 | 106.7 |
| 2014 | 105.9 |
| 2015 | 107.3 |
| 2016 | 107.9 |
| 2017 | 108.3 |
| 2018 | 109.5 |
| 2019 | 108.6 |
| 2020 | 109.5 |
| 2021 | 110.0 |
| 2022 | 111.9 |
| 2023 | 112.1 |
| 2024 | 114.2 |
Miami-Fort Lauderdale-West Palm Beach, FL: NSA all-items annual averages (M13), 1982–84 = 100. Latest partial year is excluded.
| Period or category | Value |
|---|---|
| 2015 | 245.4 |
| 2016 | 249.8 |
| 2017 | 256.7 |
| 2018 | 265.1 |
| 2019 | 269.8 |
| 2020 | 272.1 |
| 2021 | 284.0 |
| 2022 | 311.4 |
| 2023 | 335.5 |
| 2024 | 347.7 |
| 2025 | 356.7 |
Each category has its own U.S. benchmark of 100. Components are indexes, not spending shares.
| Category | 2024 RPP |
|---|---|
| All items | 114.2 |
| Goods | 103.6 |
| Housing rents | 155.6 |
| Utilities | 97.2 |
| Other services | 109.1 |
HUD 40th percentile gross rent for standard-quality units; includes tenant-paid utilities except telephone, cable and internet. These are benchmarks, not asking-rent medians.
| Home size | FY2027 monthly gross rent |
|---|---|
| Studio | $1,880 |
| 1 bedroom | $2,024 |
| 2 bedrooms | $2,434 |
| 3 bedrooms | $3,189 |
| 4 bedrooms | $3,666 |
Income: ACS 2020–2024. Rent: HUD FY2027. Rent / income = 12 × 2BR FMR ÷ median household income; it does not measure actual renter burden.
| County or equivalent | 2BR rent / month | Median household income | Rent / income |
|---|---|---|---|
| Broward County | $2,321 | $77,633 | 35.9% |
| Miami-Dade County | $2,564 | $71,753 | 42.9% |
| Palm Beach County | $2,349 | $83,581 | 33.7% |